NEW YORK, July 31, 2014 /PRNewswire/ -- FirstKey, a leading provider of loans designed specifically for investors in one- to four-family residential rental properties, today announced that Jonathan Seigel has joined the company as Managing Director. Mr. Seigel will be primarily focused on sourcing small and large balance rental finance products as well as developing and implementing strategic marketing initiatives.
Jonathan has more than 20 years of experience underwriting, acquiring and managing commercial and residential real estate and large mortgage portfolios. He joins FirstKey from Pretium Partners, an active private equity buyer of single-family rental properties, where he was Executive Vice President of Sourcing.
"We are thrilled to have Jonathan join FirstKey's growing team as we continue to expand our suite of innovative financing solutions to meet the needs of our entrepreneurial clients," said Randy Reiff, Chief Executive Officer of FirstKey Lending.
"FirstKey is the gold standard in offering innovative financing solutions for residential rental property investors, with a strong track record of success and commitment to serving its clients," said Seigel. "I believe my experience on both the acquisition and mortgage sides of residential rental real estate will further enhance FirstKey's growing product offerings and national reach."
Earlier in his career, Mr. Seigel led Credit Risk Management for Freddie Mac's $100 billion multifamily mortgages and securities portfolio, one of the best-performing books of business in the country. He also chaired Freddie Mac's Multifamily Real Estate Investment and Credit Risk Committees. He previously led credit structuring for Fannie Mae's Multifamily Alternative Credit Enhancement Securities program and held private equity real estate positions at The Carlyle Group and J.E. Robert Companies.
FirstKey recently announced the opening of the company's West Coast office in Los Angeles, with the hiring of Dennis Cisterna to lead it.
FirstKey offers a full suite of specialty real estate financing products and loan servicing solutions to customers across the United States. Backed by Cerberus Capital Management, L.P., one of the world's leading private investment firms, FirstKey provides loans of $75,000 to $500 million across a variety of products tailored to both residential and commercial borrowers, and is the premier one- to four-family rental financing source. Through a team of professionals with decades of experience at leading financial institutions, FirstKey has the strength and stability to provide a wide range of real estate financing products for all sectors of the industry. For more information about FirstKey, please visit http://www.firstkeyholdings.com/.
Commercial Real Estate program, products and services are offered by FirstKey Lending, LLC an equal housing lender. Commercial loans in California are made or arranged by FirstKey Lending CA, LLC pursuant to its California Finance Lender Law License. FirstKey Lending, LLC. 4 International Drive, Rye Brook, NY 10573. Tel: (888) 707-5040. NMLS Unique ID No. 1063414 (www.nmlsconsumeraccess.org).
Arizona Mortgage Banker License No. 0925342. Commercial Loan products may not be available in all states and are limited to U.S. citizens and permanent resident aliens only. Other restrictions may apply. FirstKey Lending, LLC underwriting guidelines will apply. Loans are subject to credit application and approval. Rates, terms and products subject to change without notice. This is not an offer or commitment to lend. FirstKey Lending, LLC only originates loans to entities.
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