Expands Executive Committee of Vested Partners to 16; All Partners Remain Active Producers Involved in Day-to-Day Client Service Focusing on Structure and Placement of Debt Solutions
San Francisco, California (October 10, 2017) – Newmark™, the largest independent commercial mortgage banking firm in the western U.S., has named producers Andy Bratt, based in Newport Beach, CA, and Demetri Koston, based in Spokane, WA, as partners with the privately held company and new members of its executive leadership committee. Both executives will gain the title of principal at their respective offices and continue in the day-to-day structuring and placement of debt across the spectrum of commercial real estate asset classes including office, industrial, multifamily, retail, mixed-use and self storage properties.
“Newmark is a unique platform in commercial mortgage finance in that we are privately owned and managed by our now 16 partners who are all also direct producers,” said Michael Heagerty, CFO and partner with Newmark. “We are unlike the majority of other real estate platforms owned by banks or Wall Street firms, where chasing IPOs or quarterly earnings seem to be their primary focus. Our executive leadership committee is involved in day-to-day operations and focus on making decisions that best serve our clients. Both Andy and Demetri have proven time and time again they share this client centric focus as a top performing producers, and we look forward to them helping to shape the direction of our company as valued members of our executive leadership team.”
As partners, Bratt and Koston will join the executive committee leading Newmark. Each partner continues to contribute on a day-to-day basis as active producers serving clients seeking structured debt solutions that best support their real estate investment goals. This ensures that the decisions of the executive committee guiding Newmark’s operating culture are shaped with peak performance and client satisfaction as top of mind considerations.
“At Newmark, naming a producer to our executive leadership committee as partner is a reciprocal investment of commitment,” continued Heagerty. “Achieving partnership at our firm indicates that the executive is a high producing, vested, long-term member of our production team, and keenly focused on client service, client satisfaction and ethical business practices.”
Background on the two newly named partners and links to their transactional history:
- Andy Bratt: Mr. Bratt has been active in the commercial mortgage banking industry since 2004 and has been involved in nearly $800 million in loan transactions during his career. Andy has been instrumental in arranging multifamily, industrial, retail, office, and self-storage loans for a wide variety of clients ranging from high net worth individuals, family offices, and institutional owners and developers. Transactions have included construction, bridge, and permanent loans as well as joint venture structures. http://newmarkrealtycapital.com/producer/andy-bratt/
- Demetri Koston: Koston founded the Spokane office for Newmark in 2009, and the company has grown to be the largest independent mortgage banking firm in Eastern Washington under his leadership. His specialty is bringing institutional lenders and programs to the Inland Northwest, and delivering exceptional service to his clients. As a principal and partner, Koston leads the company’s mortgage banking business serving local and regional real estate developers, investors, and asset managers interested in long-term fixed rate financing options secured by stabilized commercial real estate property of all types. Capital sources and programs are highly competitive and include correspondent life insurance companies and pension funds, Fannie Mae and Freddie Mac, CMBS loans, banks, credit unions, and various other specialty lenders. http://newmarkrealtycapital.com/producer/demetri-koston/
Newmark, a privately held company based in San Francisco, is a full service mortgage banking firm with an extensive lineup of correspondent lenders utilizing Newmark’s production, closing and servicing capabilities. Established in 1991, Newmark is currently staffed by over 70 employees in regional offices throughout the western United States. The company’s national servicing platform of nearly $10 billion represents over 1,200 loans located in 40 states. Newmark is rated as a Primary Servicer by Standard & Poor’s and is one of a select few non-banking/non-insurance chartered companies with this designation. For more information please visit www.newmarkrealtycapital.com.