Build-to-Rent financing expert Shannon Hersker joins Northmarq’s Phoenix debt/equity team
PHOENIX, ARIZONA (January 12, 2023) — Northmarq’s status as a leading Build-to-Rent platform was further solidified with the addition of Shannon Hersker, senior vice president, to the company’s Phoenix debt/equity team. She is responsible for originating debt and equity solutions through bank, debt fund, life company and direct Fannie Mae and Freddie Mac financing. With a specialty in financing build-to-rent (BTR) projects, Hersker will assist clients with sourcing equity, construction lending, bridge debt and permanent financing. She will collaborate with the Northmarq investment sales team on BTR acquisitions and dispositions.
“We are thrilled to have Shannon join the Phoenix Northmarq debt and equity team. Her experience and knowledge in the build-to-rent sector will continue to distinguish our national build-to-rent platform as the preeminent one stop shop for build to rent investment sales along with permanent and construction debt and equity,” said Brandon Harrington, managing director. “Shannon’s competitiveness and drive to deliver exceptional results for her clients is a great cultural fit at Northmarq.”
Hersker entered the BTR space in its infancy, allowing clients to access her unique perspective and knowledge of the product type for their financing inquiries. Prior to joining Northmarq, she was Director of Capital Markets at Walker & Dunlop for five years where she was responsible for nationwide loan originations for multifamily, BTR and commercial assets. She worked with developers, investors, and owners to provide debt solutions through various lending sources. In her role, Hersker created a national dedicated Build for Rent platform and became a leader in the BTR financing space.
“I couldn’t be more excited to join what I would consider the nation’s top build-to-rent platform. Working in conjunction with our financing experts, as well as our national investment sales team will allow me to problem solve and take a full-service approach to find solutions for clients,” said Hersker.
Hersker is involved in several industry organizations, including NAIOP, Valley Partnership and Urban Land Institute (ULI). She has taken on many leadership roles within ULI, including serving as a Partnership Forum Group Leader for seven years. Currently she is a Co-Vice Chair of the Membership Committee, sits on the Trends Day Committee, and is a ULI NEXT Group Facilitator for the third consecutive year. Additionally, she volunteers as a classroom facilitator through the Urban Plan program and has participated in Philanthropy events for under privileged children in the Phoenix area.
Hersker graduated from the W.P. Carey School of Business at Arizona State University. She earned a Bachelor of Science degree with a major in marketing and a minor in communications. In addition to receiving her ALTA Certifications, Title 101 and Title 102, Hersker is currently earning her Commercial Investment Member (CCIM) designation.