Johnson Capital, Irvine, Calif., has opened an office in New York City that will do commercial mortgage loan sales and syndication, with Daniel Lisser and William Nichols as managing directors and co-heads of the company.Mr. Lisser was previously head of the mortgage sales group at The Ackman-Ziff Real Estate Group, and Mr. Nichols was the president and founder of RE-Portal, according to Johnson Capital, a real estate investment advisory firm. They will both work on providing financial institutions with the right pricing for commercial mortgage loan portfolios in the secondary market, and liquidity for the loans. "There is a great demand by lenders and investors alike for more loan liquidity in the secondary market, especially outside of the CMBS conduits," said Guy Johnson, president of Johnson Capital.

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