MENU
CLIENT ACCESS
MENU
CLIENT ACCESS
Company Hires Paul McCormick as Vice President of Capital Services to Lead Expansion
Shimon Shkury
President
Ariel Property Advisors
Paul McCormick
Vice President of Capital Services
Ariel Property Advisors
NEW YORK, NY – December 1, 2015 – Ariel Property Advisors, a New York City investment property sales firm known for its rapid growth since 2011 and its widely covered investment sales research, has announced the launch of a new business line: Capital Services.
Ariel Property Advisors: Capital Services will work hand-in-hand with the firm’s current investment sales and research professionals to structure financing for commercial real estate properties throughout the New York metropolitan area. The division will focus on multifamily, commercial, retail, development, mixed-use and industrial properties.
To lead expansion of this business line, Ariel Property Advisors recently hired Paul McCormick, a 10-year veteran of the commercial mortgage industry, to serve as the firm’s Vice President of Capital Services. Previously, Mr. McCormick was the Assistant Vice President of Sales at Arbor Commercial Mortgage. There, he supported a 25 person sales division that originated over $5 billion in loans across the company's multifamily and commercial product lines, including Fannie Mae, Freddie Mac, FHA, CMBS, Bridge, Mezzanine and Preferred Equity.
“Our new Capital Services division will empower our professionals to provide owners and investors with holistic real estate solutions,” said Shimon Shkury, President of Ariel Property Advisors.
We look forward to working with Paul to build a first-class financing operation that enhances our existing capabilities.
“A nuanced understanding of the financial markets is essential to helping clients achieve their objectives,” added Paul McCormick, Vice President of Capital Services, Ariel Property Advisors. “I am very excited to leverage the firm’s powerful research and investment sales platform in a way that enhances the company’s reputation as a trusted resource.”
For more information call: 212-544-9500: Shimon Shkury, ext. 11, sshkury@arielpa.com and Paul McCormick, ext. 45, pmccormick@arielpa.com.
Ariel Property Advisors is a commercial real estate services and advisory company located in New York City. The company covers all major commercial asset types throughout the NY metropolitan area, while maintaining a very sharp focus on multifamily, mixed-use and development properties. Ariel’s Research Division produces a variety of market reports that are referenced throughout the industry.
For press inquiries, please contact our Public Relations Department at 212.544.9500 ext. 19 or via mploc@arielpa.com
The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee the accuracy of any information provided herein. As an example, all zoning information, buildable footage estimates and indicated uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example, and does not necessarily relate to actual vacancy, if any. The value of this prospective investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. The prospective buyer should carefully verify each item of income, and all other information contained herein.
