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Amherst Capital strengthens commercial real estate lending business.

Global Banking News-December 1, 2015--Amherst Capital strengthens commercial real estate lending business

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Global Banking News - 01 December 2015

Amherst Capital Management Llc, a real estate credit investment specialist and BNY Mellon Investment Management (NYSE: BK) boutique, has announced the appointment of two senior real estate finance executives to lead the development of its Commercial Real Estate (CRE) Lending business.

Christopher T. Kelly has been appointed head of Commercial Real Estate Lending, while Abbe Franchot was named head of Originations.

'We are thrilled to announce the launch of our CRE Lending platform and expanded offerings on the alternative side of our business,' said Sean Dobson, CEO of Amherst Capital. Amherst Capital's CRE Lending team will initially focus on strategies providing interim floating rate debt for property acquisitions or recapitalisations with a value-add or opportunistic investment plan.

In his new role as head of Commercial Real Estate Lending, Kelly will be responsible for leading all facets of the CRE middle-market Lending business, and targeting mortgage investments in all types of commercial and for-rent residential real estate assets. In this role, he will oversee the origination and qualification of potential investment opportunities and drive the underwriting process of CRE transactions, including cash flow modelling, asset valuation and debt structuring. Additionally, he will provide oversight for Amherst Capital's overall CRE loan portfolio performance and asset quality.

Kelly has 28 years of experience in real estate debt, mezzanine and equity markets. Prior to joining Amherst Capital, he led the national real estate lending business at CapitalSource, a division of Pacific Western Bank, as a managing director and head of Real Estate.

As head of Originations, Franchot will lead a team of originators that will source investment opportunities. Franchot has previously worked alongside Kelly at CapitalSource, where she was responsible for providing debt solutions to CRE owners and investors nationwide as a senior member of the originations team.

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Publication:Global Banking News (GBN)
Date:Dec 1, 2015
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