MIAMI, FLORIDA (January 28, 2019) – NorthMarq announces the addition of Michael Balan to its Miami regional office. In his new role, Balan will assist clients locally and nationally with the entire capital stack, including equity, preferred equity, mezzanine debt, and permanent first mortgages. He will leverage NorthMarq’s established strong, long-term relationships with institutional providers of capital, including life insurance companies, Freddie Mac, Fannie Mae, FHA/HUD, conduits, banks, mortgage REITs and debt funds to create financing solutions for investors and developers.
Balan arrives at NorthMarq having been involved in the commercial real estate industry since 1997 and closing more than $1 billion in commercial real estate loans. Prior to joining NorthMarq, Balan worked in traditional banking, franchise finance, and CMBS lending before transitioning to a regional mortgage banking company, where he received multiple production awards. He has also worked at Republic National Bank in New York City.
”Michael should immediately
provide an impact to our equity and loan production,” said Jeff Robertson,
senior vice president/managing director of NorthMarq’s Miami office. “His
background as a seasoned CRE professional should give our correspondent lenders
comfort, and his local knowledge and contacts will serve him well. We welcome
him to the Miami NorthMarq office.”
Michael is an active member of
the International Council of Shopping Centers and the founding vice president
of one of the most prolific chapters of Business Networking International. He
is a licensed mortgage broker in the State of Florida and holds a Bachelor
degree in Management from the University of Maryland. Michael is the president
of the University of Maryland South Florida Alumni Association, a board member
of the Miami Beach Police Athletic League and the Assistant Scoutmaster of Boy
Scout Troop 65.