MIAMI (April 4, 2017) – NorthMarq Capital, a leader in financing commercial real estate throughout the United States, announced today that Paul Whalen has joined the firm as vice president. Whalen will operate out of the firm’s Miami regional office.
In his new role at NorthMarq, Whalen will deploy on behalf of his clients the full range of investor capital, from fixed rate first mortgages to subordinate debt to equity to meet the client’s financial objectives. Capital providers include NorthMarq’s correspondent life insurance companies, CMBS lenders, Fannie Mae, Freddie Mac and HUD as well as pension funds, private equity funds and family offices.
Whalen has been a part of the commercial/multifamily real estate industry since 1980 as an investor and financial intermediary and has closed over $2.5 billion in real estate financings and sales in eleven different states. Most recently, he was a managing director in the Miami office of Ackman Ziff, and prior to that was principal in Whalen Realty Capital as well as a founder of LienBase, a series of partnerships which purchased real estate tax lien certificates nationally. Whalen began his career as Pension Fund Administrator for IUOE Local 675 in 1980 and as CIO had responsibility for $40 million in real estate equity. He also helped establish the Florida office of what’s now HFF, LP.
“We are thrilled to have Paul join the Miami team,” said Jeff Robertson, senior vice president/managing director of NorthMarq’s Miami office. “His decades of experience across the entire capital stack, paired with a broad range of financing options, will allow him to bring innovative solutions to our client relationships.”
Whalen is a graduate of State University of New York at Oneonta and did post graduate studies in Labor Economics at Cornell University and is an active member of the ICSC and the UF Bergstrom Real Estate Center.