Calloway Capital team joins Northmarq to expand Northeast footprint
LAKEWOOD, N.J. (July 15, 2024) — Northmarq is pleased to announce Calloway Capital, a commercial mortgage firm based in Lakewood, N.J., has joined the company to expand its presence in the Northeast market. David Singer, principal of Calloway Capital, will serve as managing director to establish and lead Northmarq’s Debt + Equity team in Lakewood. Singer specializes in originating and structuring debt and equity for the acquisition, refinance, or recapitalization of apartment communities nationwide.
“It’s a very exciting moment for me to join Northmarq. As the CRE market looks to rejuvenate, the resources and relationships that Northmarq provides are unparalleled,” said Singer. “Northmarq stands out as a direct agency lender with a true broker mentality. Quite simply, Northmarq has the resources and mindset to get deals done.”
A recognized industry leader, Singer has 12 years of experience with clients ranging from private family offices to publicly traded real estate corporations. Over that time, he has completed more than $4 billion in transaction volume.
Singer will report to Ernest DesRochers, managing director based in Northmarq’s New York City office.
“We’re excited that David is joining our Tri-State team where his focus will be on multifamily financing,” said DesRochers. “His experience and successful track record, coupled with Northmarq’s platform, will allow us to greatly expand our presence in this market segment.”
As part of Singer’s new role, the team from Calloway Capital, the boutique commercial real estate finance firm he founded in 2018, will now operate under Northmarq. Prior to joining Northmarq, Singer and Calloway Capital successfully arranged $2 billion in debt and equity placements. The company was founded after Singer served as head of Lender Relationships at Eastern Union.
Singer received his MBA from Bar Ilan University in Tel Aviv, Israel, leveraging his education to excel in CRE finance. Beyond his professional achievements, he is dedicated to giving back to the community through numerous philanthropic endeavors.
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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.