Loan-sale professional joins Avison Young as a Principal, will specialize in private negotiated loan sales
NEW YORK CITY, Aug. 14, 2012 /PRNewswire/ - Greg Kraut, Avison Young Principal and Managing Director of the company's New York City office, announced today that seasoned loan-sale professional Michael Goldring has joined Avison Young's growing capital markets group in New York City to further expand the firm's loan-sale platform.
Effective immediately, Goldring joins Avison Young as a Principal and will specialize in private negotiated loan-sale transactions. An industry veteran with 25 years of experience, Goldring was most recently a Senior Vice-President at ICAP, one of the world's largest global financial brokers, where he served as an intermediary for whole-loan trading.
"We are making a concerted effort to strategically build out our loan-sale platform, and adding Michael to the team supports our focus on providing comprehensive solutions to our clients in this space," comments Kraut. "Michael's expertise is highly complementary to our existing loan-sale practice, and his experience handling complex transactions for both large- and small-capital clients will contribute greatly to solidifying our leadership position."
Goldring has extensive experience facilitating the sale of residential and commercial notes and loan portfolios on behalf of a wide variety of clients, including institutional owners, large and community/regional banking institutions, funds, and both large and small private investors, including niche investors.
Before joining ICAP, Goldring was a regional banker in the Correspondent Lending Division at Countrywide Home Loans. He also previously served as a transaction manager for the Correspondent Warehouse program at Morgan Stanley. In that role, he managed complete infrastructure development for the program and established all policies and procedures, risk management criteria, documentation, systems development and integration.
"I am excited to be joining a firm that has placed such a strong emphasis on developing a robust and comprehensive loan-sales platform," says Goldring. "The current market environment presents strong opportunities, and I am looking forward to leveraging my years of experience - as well as tapping into Avison Young's extensive national reach - to execute and generate high-level results for our clients."
Earlier this year, Avison Young opened its first office in New York City to expand the firm's market and business-line coverage in the Tri-State area. Avison Young currently has 15 locations outside of Canada. Over the past three years, the firm has grown from 11 to 32 offices and from 300 to more than 950 real estate professionals across Canada and the U.S.
In February, Avison Young was named a winner of Canada's 50 Best Managed Companies program for 2011, sponsored by Deloitte, CIBC, National Post and Queen's School of Business.
Founded in 1978, Avison Young is Canada's largest independently-owned commercial real estate services company. Headquartered in Toronto, Ontario, Avison Young is also the largest Canadian-owned, principal-managed commercial real estate brokerage firm in North America. Comprising more than 950 real estate professionals in 32 offices across Canada and the U.S., the full-service commercial real estate company provides value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-residential properties.
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SOURCE Avison Young (Canada) Inc.