Joel J. Gorjian, a 24-year old national real estate investor, has established Uber Capital Group, LLC, a commercial real estate financial advisory and mortgage origination firm.
Uber Capital is based in Great Neck, Long Island, and operates nationally, with its main focus on the Northeast, Southeast, and Midwest markets.
Uber assists property investors in planning, negotiating, and sourcing debt and equity financing.
“Our experience in negotiating financing, re-financing, and acquisitions of our own commercial properties nationwide allows us to identify the most beneficial funding sources for other real estate investors and developers,ˮ said Gorjian.
“We frequently work with individual investors and boutique ownership firms who lack sufficient experience and national reach to obtain debt financing from varied sources. There is a strong need, particularly in the secondary and tertiary markets, for a financial advisor with extensive national ownership and investment experience. We provide this level of industry know-how.”
Uber’s first lending advisory projects showcase the advantage the firm offers due to its relationships with a network of financial institutions throughout the Midwest, especially in Ohio, Indiana, Iowa, and Michigan, where Gorjian owns numerous properties.
Uber’s first deals, originated mainly through local and regional banks, included a total of over $7.8 million in permanent financing for three shopping centers in Ohio and Iowa. Uber also sourced a $380,000 bridge loan for a mixed-use property in Nassau County on Long Island.
Gorjian holds ownership interest in approximately 2M s/f of commercial real estate across the United States. In addition to leading the newly established Uber Capital Group as president, Gorjian serves as vice president of acquisitions and dispositions at Namdar Realty Group and runs his own investment firm.