CLEVELAND, Aug. 18, 2016 /PRNewswire/ -- KeyBank Real Estate Capital, the commercial real estate business unit of KeyCorp (NYSE: KEY), today announced its expanded platform and leadership team following the merger of KeyCorp and First Niagara Financial Group.
The expanded platform includes more than 50 new bankers, portfolio managers and servicing officers from First Niagara across the country in KeyBank Real Estate Capital's Income Property, Community Development Lending, Healthcare and Servicing Groups. The First Niagara team also brings a book of commercial real estate loan commitments in excess of $6 billion to Key.
New leadership from First Niagara joining Key in the Income Property (IPG) and Community Development Lending (CDL) Groups are as follows:
- Greg Gilroy, IPG Regional Executive, Upstate New York and Western Pennsylvania
- Russ Gentner, IPG Team Leader, Western New York and Western Pennsylvania
- Doug MacLean, IPG Team Leader, Boston/New Haven
- Chris Terlizzi, IPG Team Leader, Eastern Pennsylvania
- Craig Burton, CDL Team Leader, Northeast
"I'm very excited to have such talented and experienced professionals join our team," said Angela Mago, Group Head, KeyBank Real Estate Capital and Co-president, Key Corporate Bank. "The combined industry expertise and strong community ties that these individuals bring to the team will help us leverage our exceptional platform to grow the business."
"As KeyBank and First Niagara come together, we're particularly excited to have expanded leadership in the Northeast Region," said Norman Nichols, head of Income Property and Community Development Lending. "This team has the experience to drive our relationship-based business model and deliver the full breadth of our capabilities to our clients and prospects."
About KeyBank Real Estate Capital
KeyBank Real Estate Capital is a leading provider of commercial real estate finance. Its professionals, located across the country, provide a broad range of financing solutions on both a corporate and project basis. The group provides interim and construction finance, permanent mortgages, commercial real estate loan servicing, investment banking and cash management services for virtually all types of income producing commercial real estate. As a Fannie Mae Delegated Underwriter and Servicer, Freddie Mac Program Plus Seller/Servicer and FHA approved mortgagee, KeyBank Real Estate Capital offers a variety of agency financing solutions for multifamily properties, including affordable housing, seniors housing and student housing. KeyBank Real Estate Capital is also one of the nation's largest and highest rated commercial mortgage servicers.
KeyCorp was organized more than 160 years ago and is headquartered in Cleveland, Ohio. One of the nation's largest bank-based financial services companies, Key had assets of approximately $101.2 billion at June 30, 2016. Key provides deposit, lending, cash management, insurance and investment services to individuals, small and medium-sized businesses under the name of KeyBank National Association. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.
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