PORTLAND, Ore. — June 9, 2010 — The Melvin Mark Companies, already known for a comprehensive portfolio of real estate services, has formed the Melvin Mark Capital Group (MMCG) to serve the mortgage banking needs of the real estate market. MMCG is founded in combination with seasoned industry veterans John M. Petersen, Greg Wellington and David Schaffer, who most recently led the Portland office of CB Richard Ellis Capital Markets.
Petersen will serve as president of the new company, and Wellington and Schaffer will serve as vice presidents. With deep financial services experience, and nearly $2 billion in debt placement over the past nine years at CB Richard Ellis Capital Markets, the trio brings extensive industry expertise to complement the Melvin Mark group of companies.
"Access to financing is a real need in the market,” said Jim Mark, chief executive officer, Melvin Mark Companies, “and it is a service that our clients request. Now, we’ll provide those services in-house and expand our business model of helping our clients with all of their real estate needs. The synergy between our brokerage, property management, development and mortgage banking companies will better serve our clients. We consider John, Greg and David among the top people in the industry. They have established relationships with preferred lenders that will help us hit the ground running.”
MMCG will focus on arranging capital and financial solutions for regional owners, buyers, and developers of commercial real estate. Solutions can range from construction or interim financing, permanent financing, bridge loans and more, for retail, office or multi-family developments, industrial buildings and other commercial properties.
"Our shared commitment to customer service and a philosophy grounded in relationship building make us a natural fit with the Melvin Mark team,” said Petersen. “The timing is right for this venture with the recovery of the capital markets. Our job now is to get the word out and focus on the client needs that fit our capabilities.”
The MMCG team will be located in Melvin Mark’s Columbia Square headquarters building at 111 S.W. Columbia Street, 13th floor.
About Melvin Mark Companies
The Melvin Mark Companies have developed, owned and managed property in Portland since 1945. They currently own or manage more than 2.8 million square feet of commercial space in the metro area, and provide a full range of commercial real estate services for landlords and tenants. The companies include Melvin Mark Brokerage Company, Melvin Mark Development Company, Melvin Mark Properties, Melvin Mark Capital Group and Melvin Mark Construction Company. Melvin Mark Brokerage Company is Oregon’s only member of The CORE Network, a global alliance of commercial real estate providers with affiliations in the United States, Canada, Mexico, Asia and Europe.
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