Northmarq develops proprietary fixed rate bridge loan program led by real estate capital markets veteran Barry Gersten
NEW YORK (April 22, 2024) — Northmarq is developing a proprietary loan program focusing on fixed rate bridge loans, secured by multifamily and commercial assets and portfolios across the U.S.
The new program will be led by real estate capital markets veteran Barry Gersten, who has joined the company as managing director, director of capital markets, based in New York City. Gersten joins Northmarq following three years at Regions Bank, where he was managing director – CMBS program manager. Before that, he co-founded Bedrock Capital Associates, and he held several senior management positions with Capmark (GMAC Commercial Mortgage) and Lehman Brothers. He will report to Jeff Erxleben, Northmarq president – Debt + Equity, who is based in Dallas.
“Barry’s arrival builds on the success of our existing origination platform,” said Erxleben. “This program is a strategic move that strengthens our ability to meet the changing needs of the market and deliver outstanding results for our clients’ acquisition and refinance needs.”
Gersten earned his Bachelor’s degree from Washington University in St. Louis and his Master of Business Administration from The Fuqua School of Business at Duke University.
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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.