Northmarq’s South Florida presence grows with opening of new Miami office
MIAMI, FLORIDA (December 2, 2022) — Northmarq expanded its debt and equity platform in South Florida with the addition of Jaspaul Kapoor, senior vice president, Garrett Stasand, vice president, and David Henney, vice president. The team will open a debt/equity office located in Brickell (Miami’s financial center), where they will collaborate alongside Northmarq’s Fort Lauderdale-based Bob Harrington. The combined team will be responsible for originating, underwriting, and closing debt and equity financing for commercial and multifamily properties in the Miami MSA and Southwestern Florida. They will be an integral part of the company’s plan to continue expansion in the region.
“We are extremely pleased to have Jaspaul, Garrett and David positioned in the South Florida market, where investor interest and opportunities are high,” said Jeff Erxleben, president - debt/equity. “Their combined expertise in multifamily and commercial property types compliments our growing platform of multifamily and commercial investment sales, in addition to our long history of successfully servicing South Florida.”
Kapoor will be responsible for executing financing assignments with a specialization in multifamily and government agency lending programs.
Prior to joining Northmarq, Kapoor gained experience with various real estate asset classes and held capital markets roles at CBRE, Newmark, and Arch Bay Capital – a fund manager specializing in opportunistic real estate debt investments. Prior to Arch Bay Capital, Kapoor held a business development role at S&P Global. He has participated in the sale, purchase, and financing of real estate assets totaling in excess of $6 billion.
“We are thrilled by the opportunity to join Northmarq’s high energy team. We look forward to collaborating with the firm’s investment sales professionals and further contributing to the rapid market share growth. Northmarq’s extensive lender network will allow us to make an immediate impact and deliver best in class results for clients,” said Kapoor.
Stasand focuses on the private buyer market and he specializes in commercial financing; more specifically retail, office, and industrial lending. Prior to Northmarq, Stasand spent over five years at CBRE’s capital markets division in Phoenix, where he successfully worked nationwide, providing debt needs to his clients.
Henney specializes in originating multifamily debt for clients across the United States. Prior to Northmarq, Henney financed multifamily projects at CBRE after spending years brokering the sales of redevelopment sites and apartment buildings in Los Angeles. He combines a background in investment sales and syndication to develop creative financing solutions for clients.