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.