NEW YORK--(BUSINESS WIRE)--Millbrook Realty Capital, LLC, a leading direct, private lender specializing in bridge loans for commercial real estate, is pleased to announce that seasoned commercial real estate finance professional Uanderson Benedetti has joined the firm as Managing Director. In this role, Mr. Benedetti is responsible for growing the firm’s lending platform, which focuses on originating, underwriting and structuring loans.
“Uanderson is a proven talent with a track record of fueling the growth of commercial real estate lending platforms,” said Millbrook Realty Capital’s Managing Principals Charles and Marc Yassky. “His direct relevant experience, skills and relationships are already having a positive impact on the firm as we ramp up our lending activities. We look forward to working closely together to deliver creative financing solutions to our expanding client roster.”
Mr. Benedetti is focused on originating short-term bridge loans on multifamily properties, mixed-use buildings, condominiums and hotels across the country. Millbrook Realty Capital’s typical loan size ranges from $1 million to $25 million with a term of 12 to 18-months, including potential extension options, and the firm is able to offer rates as low as 7.5 percent. It will also provide financing for ground-up construction projects. With Mr. Benedetti on board, Millbrook Realty Capital is targeting $150 million in originations by year-end.
“I have a great deal of respect for Charles and Marc and the platform they’ve built,” said Mr. Benedetti. “I’m excited and honored to lead Millbrook’s lending activities, and will continue to do everything I can to advance the firm’s strategic growth priorities.”
Prior to joining Millbrook Realty Capital, Mr. Benedetti served as Head of Originations for Fort Amsterdam Capital where he originated and structured bridge loans. Before that, Mr. Benedetti helped develop more than 1 million square feet of commercial real estate space in New York City as a senior project executive with MUEngineering and project manager with RCDolner. He brings to Millbrook Realty Capital an intimate understanding of real estate markets, asset classes and the capital markets. Mr. Benedetti earned a B.S. in Civil Engineering from Manhattan College in 2005.
About Millbrook Realty Capital
Millbrook Realty Capital, LLC a leading direct, private lender specializing in bridge loans for commercial real estate located across the United States. The company provides quick closings and creative loan solutions that meet complex borrower and property requirements. In addition to extending short-term bridge loans, Millbrook Realty Capital purchases distressed debt from commercial banks and savings institutions, as well as from other private lenders. Brothers Charles and Marc Yassky, who are commercial real estate finance veterans with more than 75 years of experience, founded Millbrook Realty Capital in 2009. For more information, please visit: www.millbrookrealtycapital.com