Cantor Fitzgerald and the CIM Group have formed a commercial real estate financing business that will originate loans for securitization.
The new business, Cantor Commercial Real Estate, will originate fixed- and floating-rate mortgages and mezzanine loans secured by diverse real estate assets. Assets securing the loan will be predominantly from urban communities in major U.S. markets.
CIM will be an investor in the business and the two companies will be general partners, with Cantor Fitzgerald executive managing director Anthony Orso leading the CCRE management team.
Orso said CCRE creates an independent platform for commercial mortgage-backed securities origination and structuring as opposed to the more typical Wall Street practice of keeping these functions in-house. He said the company is initially aiming to originate roughly $5 billion per year.
