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NEW YORK CITY-Following the introduction of new credit products, Cantor Commercial Real Estate—an affiliate of Cantor Fitzgerald—announced Monday the promotion of Michael Kaplan to head of credit, and the appointment of Ari Schwartzbard as director of credit. Kaplan joined CCRE in 2010 as a managing director and he will lead the expansion of the firm’s credit function, according to the announcement. Schwartzbard, previously a director at Aareal Capital Corp., will focus on overseeing potential real estate transactions, including loan approvals and portfolio monitoring of all closed loans across the platform, the announcement says.

“Last year we were exclusively doing fixed rate loans, now we’re doing fixed and floating,” Anthony Orso, CEO of CCRE, tells GlobeSt.com. “A few months ago we hired Chris Milner, from BlackRock, to lead an investment management platform and we hired Ken Carpenter to create a net lease financing program, so as we’ve expanded our products and our footprint, the credit roles need to grow in accordance.”

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