NEW YORK CITY—Most platforms focus on larger deals and havetypically avoided the $1-million to $10-million range ofopportunities, believing there is more risk involved and higherunderwriting costs. Adam Petriella, EVP of capitalmarkets at Coldwell Banker Commercial Alliance,takes a closer look at Sutherland's REIT platform and atcoordinating the various entities to deliver services to theentrepreneurial commercial real estate investor and owner-user.
GlobeSt.com: Sutherland was formed in 2009 toacquire RMBS and ABS and more recently, seems to be focused onsmall-balance commercial loans. Tell us how the platform evolved inthe interim.
Adam Petriella: Since 2008 throughSept. 30, 2014, our manager (Waterfall AM) has reviewedapproximately 169,600 performing, sub-performing and non-performingSmall Balance Commercial and SBA loans, priced approximately 85,00of these loans and acquired more than 6,500 SBC and SBA loans withaggregate unpaid balance of approximately $2.0 billion for anaggregate purchase price of approximately $1.3 billion. Our managerhas also acquired more than $225 million in UPB of SBC ABS notesover this time period.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
