NorthMarq Capital Announces New Executive Organizational Structure,
Promotions
MINNEAPOLIS (Jan. 17, 2012)—NorthMarq Capital, one of America’s leading
commercial real estate investment banking firms with 33 offices nationwide,
has announced a new executive organizational structure. Two longtime
industry executives have been promoted to president, replacing Craig
Butchenhart, who retired at the end of 2011.
The new structure and executive changes were announced by
Ed Padilla, NorthMarq’s chief executive officer. Padilla has served as
chief executive officer of the company for the last 10 years.
“Our mission is and always has been to provide a consistently high level
of client service,” said Padilla. “The changes we’re making today will
contribute to our continued pursuit of that goal.”
Jeff Weidell, managing director of NorthMarq’s San Francisco office, and
William Ross, executive vice president based in Dallas, have been named
NorthMarq presidents.
Mike Myers, who joined NorthMarq in 1987 and has been the company’s
chief administrative officer, has been promoted to chief operating officer,
overseeing the Freddie Mac Capital Services department, loan servicing, IT,
finance, accounting, Human Resources and providing financial oversight at
subsidiary Amerisphere Multifamily Finance, a Fannie Mae DUS lender.
The company continues to use a regional format for the management of its
offices. Lawrence Stephenson, regional managing director/senior executive
vice president, is responsible for oversight of offices primarily located in
the western half of the U.S., and reports to Weidell. Those offices include
Chicago, Denver, Kansas City, Los Angeles, Milwaukee, Minneapolis, Omaha,
Phoenix, San Diego, San Francisco, Seattle, St. Louis and Washington, D.C.
Timothy O’Connor, senior executive vice president/regional managing
director, is responsible for the operations primarily in the eastern half of
the U.S. and reports to Ross. Those offices include Atlanta, Baltimore,
Boston, Charlotte, Dallas, Houston, Miami/Boca Raton, New Jersey, New York
City/Long Island, Orlando/Jacksonville, Philadelphia, Rochester, Tampa, San
Antonio and Westchester.
About NorthMarq
NorthMarq Capital, the largest privately held commercial real
estate financial intermediary in the U.S, provides mortgage banking and
commercial loan servicing in 33 offices across the U.S. With an average of
$8.5 billion in annual production volume and servicing a loan portfolio of
nearly $40 billion, the company offers expertise to borrowers of all size.
The company has a long track record of multi-family financing as a Freddie
Mac Program Plus™ Seller-Servicer, and through its affiliation with Fannie
Mae DUS lender AmeriSphere Multifamily Finance. In addition, NorthMarq has
long relationships with over 50 life companies, many CMBS platforms and
hundreds of local, regional and national banks. For more information, please
visit www.northmarq.com.
Contact:
Martha Nevanen
952.893.7539
martha.nevanen@marquettere.com
David Dozier
The Dozier Company
214.744.28007