NEW YORK, April 30, 2014 /PRNewswire/ -- FirstKey Lending, LLC ("FirstKey"), a leading provider of loans designed specifically for investors in one- to four-family residential rental properties, today announced that Dennis Cisterna has joined the company as Managing Director. Mr. Cisterna joins as a senior member of the production team and will be opening FirstKey Lending's West Coast office in Los Angeles, California.
Mr. Cisterna joins FirstKey Lending from national real estate capital advisory firm Johnson Capital, where he most recently served as Senior Vice President and Co-Head of the firm's Opportunistic Finance division, which provides investment banking services and structured finance solutions for residential buy-to-rent investors.
"Dennis is a strong addition to FirstKey's deep bench of mortgage professionals and will be instrumental in our efforts to meet the unique needs of entrepreneurial borrowers as the company continues its steady growth in this exciting space," commented Randy Reiff, Chief Executive Officer of FirstKey Lending. "We are confident his contributions will help us reach new clients and build long-term value for our existing clients and the company."
"FirstKey Lending has a successful track record and strong commitment to supporting residential rental property investors nationwide by offering innovative financing solutions. I am impressed with FirstKey's creativity and ability to understand borrowers' changing needs in this growing sector," said Cisterna. "I look forward to working with FirstKey's dedicated team to further expand and improve the company's products and services."
FirstKey Lending also announced that it has signed a correspondent agreement with Johnson Capital, one of the most active capital market intermediaries in the U.S. buy-to-rent sector, to allow their national production team of nearly 100 commercial mortgage professionals to sell FirstKey Lending products to their clients.
About FirstKey Lending, LLC
FirstKey Lending, LLC is a licensed commercial real estate lender to investors of tenant-occupied residential properties. Backed by Cerberus Capital Management, L.P., one of the world's leading private investment firms, FirstKey Lending provides loans of $500 thousand to $500 million across a variety of loan products. Through a team of professionals with decades of experience at leading financial institutions, FirstKey Lending has the strength and stability to provide a wide range of real estate financing products for all sectors of the industry.
About Johnson Capital
Celebrating its 27th year as a leading commercial real estate capital advisory firm, Johnson Capital provides a variety of real estate financing services including debt placement and acquisition financing for permanent loans, construction financing and property repositioning. In addition, it arranges joint venture equity placement for individual assets, portfolios, entities and discretionary funds. The firm is a leading national commercial real estate capital intermediary with direct lender relationships through Fannie Mae, Freddie Mac, HUD and many insurance companies.
Johnson Capital's transactions have ranged in total funding from $1 million to over $300 million and have financed all property types, including: multifamily, office, retail, industrial and hotels. Since its inception in 1987, Johnson Capital's aggregate transaction volume has surpassed $36 billion. Johnson Capital is one of the country's top real estate capital advisory firms with 27 locations nationwide.
For information about FirstKey Lending:
FirstKey Lending, LLC
Bill Ruiz or Scott SanFillippo
For Johnson Capital:
Mr. Darren Lister, 1-949-660-1999, [email protected]
SOURCE FirstKey Lending, LLC