FirstKey Lending, LLC, a provider of financing for investors in one- to four-family rental properties, has introduced FirstKey Commercial, its new commercial real estate lending program.
With the launch of FirstKey Commercial, the company will offer customized, bridge loans from $1 million to $25 million to clients looking to purchase, refinance or reposition commercial properties, including office, retail, multi-family, industrial, self-storage and flagged hospitality assets.
Led by chief executive officer Randy Reiff, FirstKey Lending, LLC’s senior management team has extensive experience in commercial real estate lending and investing.
Reiff was previously global head of commercial real estate finance and CMBS at J.P. Morgan and global co-head of commercial real estate finance and CMBS at Bear Stearns. Most recently he led the global commercial real estate and CMBS business within Macquarie’s Fixed Income Currencies and Commodities division.
“Given the breadth and depth of our team’s commercial real estate expertise and experience and the current need for debt capital in the smaller balance commercial loan space, FirstKey Commercial is the next logical step in our continued efforts to expand our product offering and serve the needs of our entrepreneurial client base,” said Reiff.
“Our extensive experience and flexibility enable us to quickly tackle complex problems and find creative financing solutions, in an industry where speed, certainty and service are critical. We take great pride in offering commercial real estate investors highly competitive terms, flexibility, outstanding client service and certainty of execution.”
Backed by Cerberus Capital Management, L.P., one of the world’s leading private investment firms, FirstKey is a national real estate finance company providing loan products tailored to commercial and residential borrowers.