TAMPA, FLORIDA (January 7, 2019) – The Tampa regional office of NorthMarq announces the promotion of Lee Weaver to managing director. In his new role, Weaver will co-manage the day-to-day operations of the Tampa office with managing director Bob Hernandez as it provides a complete range of commercial real estate financing options through its nationwide network of lending partners.
“Lee is a consistent force in NorthMarq’s Tampa regional office,” said Hernandez. “While his reputation as a student housing expert precedes him, Lee is extremely fluent in all aspects of the business. If Lee’s next 20-years at NorthMarq are anything like his first, our office, clients and nationwide team will be in good hands.”
Jeff Erxleben, executive vice president/regional manager agrees, “With 20+ years of finance and real estate experience, Lee has been integral to the continued success of the Tampa team.”
Weaver joined NorthMarq Capital in 2003 when the company acquired the mortgage banking division of Legg Mason Real Estate Services, where he was employed for six years. During the course of his tenure, Weaver originated and placed commercial loans valued from $3 million to $200 million with lending sources that include life insurance companies, pension funds, Fannie Mae, Freddie Mac and FHA. He also has a strong track record arranging joint venture equity, preferred equity and mezzanine financing with a focus on student housing.
Along with his yearly production volume, Weaver has provided his expertise through insights published in various industry publications including, Student Housing Business, Multifamily Executive, MBA Newslink and Senior Housing Business. Additionally, Weaver was also the recipient of Student Housing Business’ “Most Creative Financing” Innovator Award.
Weaver is active in the National Apartment Association, the Bay Area Apartment Association, the Real Estate Investment Council and the Mortgage Bankers Association of America. He has served on the Producers’ Council for NorthMarq Capital in recognition of being in the Top 10 percent of producers nationwide. He is also involved in various charitable and community organizations including The Spring, Joshua House and the International Justice Mission.