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FirstKey Lending Hires Dennis Cisterna as Managing Director
NEW YORK, April 30, 2014 – FirstKey Lending, LLC (“FirstKey”), a leading provider of loans designed specifically for investors in one- to four-family residential rental properties, today announced that Dennis Cisterna has joined the company as Managing Director. Mr. Cisterna joins as a senior member of the production team and will be opening FirstKey Lending’s West Coast office in Los Angeles, California.
Mr. Cisterna joins FirstKey Lending from national real estate capital advisory firm Johnson Capital, where he most recently served as Senior Vice President and Co-Head of the firm’s Opportunistic Finance division, which provides investment banking services and structured finance solutions for residential buy-to-rent investors.
“Dennis is a strong addition to FirstKey’s deep bench of mortgage professionals and will be instrumental in our efforts to meet the unique needs of entrepreneurial borrowers as the company continues its steady growth in this exciting space,” commented Randy Reiff, Chief Executive Officer of FirstKey Lending. “We are confident his contributions will help us reach new clients and build long-term value for our existing clients and the company.”
“FirstKey Lending has a successful track record and strong commitment to supporting residential rental property investors nationwide by offering innovative financing solutions. I am impressed with FirstKey’s creativity and ability to understand borrowers’ changing needs in this growing sector,” said Cisterna. “I look forward to working with FirstKey’s dedicated team to further expand and improve the company’s products and services.”
FirstKey Lending also announced that it has signed a correspondent agreement with Johnson Capital, one of the most active capital market intermediaries in the U.S. buy-to-rent sector, to allow their national production team of nearly 100 commercial mortgage professionals to sell FirstKey Lending products to their clients.
About FirstKey Lending, LLC
FirstKey Lending, LLC is a licensed commercial real estate lender to investors of tenant-occupied residential properties. Backed by Cerberus Capital Management, L.P., one of the world’s leading private investment firms, FirstKey Lending provides loans of $500 thousand to $500 million across a variety of loan products. Through a team of professionals with decades of experience at leading financial institutions, FirstKey Lending has the strength and stability to provide a wide range of real estate financing products for all sectors of the industry.
About Johnson Capital
Celebrating its 27th year as a leading commercial real estate capital advisory firm, Johnson Capital provides a variety of real estate financing services including debt placement and acquisition financing for permanent loans, construction financing and property repositioning. In addition, it arranges joint venture equity placement for individual assets, portfolios, entities and discretionary funds. The firm is a leading national commercial real estate capital intermediary with direct lender relationships through Fannie Mae, Freddie Mac, HUD and many insurance companies.
Johnson Capital’s transactions have ranged in total funding from $1 million to over $300 million and have financed all property types, including: multifamily, office, retail, industrial and hotels. Since its inception in 1987, Johnson Capital’s aggregate transaction volume has surpassed $36 billion. Johnson Capital is one of the country’s top real estate capital advisory firms with 27 locations nationwide.
For information about FirstKey Lending:
FirstKey Lending, LLC
Bill Ruiz or Scott SanFillippo
1-855-299-1944
Hotel Equities Appoints New Chief Investment Officer- Dennis Meroney
Finance veteran and senior executive, Dennis Meroney, joins Hotel Equities as CIO
Atlanta, GA – April 22, 2014 – Hotel Equities (HE), an Atlanta-based hotel management, ownership and development company, has recently appointed Dennis Meroney as its new Chief Investment Officer. Meroney, a 25-year veteran of the financial industry, has served on the Hotel Equities Board of Directors since 2007. As CIO, Meroney will join HE’s day-to-day operation and assume the responsibility for financial planning, strategic fund raising and working with existing ownership groups on financial options.
“I’m not only excited about Hotel Equities’ owned assets but the fund raising of our second fund as well,” said Meroney. “I look forward to working with the HE team to drive even stronger business results from my new position.”
Meroney brings a wealth of finance and leadership experience, including commercial banking, real estate, lending, investments, servicing systems and portfolio restructuring. Before joining Hotel Equities, Meroney served as President of National Mortgage Alliance where he planned and implemented all phases of a national, online mortgage lending company as a division of a state chartered commercial bank. He successfully led the company for four years and produced over $25 million monthly with a staff of only nine. He is the former President and Chief Operating Officer of Amerisave Mortgage, where he established the mortgage banking arm and generated over $2 billion in originations during the first year of business as an online mortgage lender.
“Dennis’ demonstrated track record across the financial and business landscape made him the perfect candidate to step into this important role on our management team,”said Hotel Equities President and CEO, Fred Cerrone. “With a large portfolio of expertise in all facets of finance and a history of driving positive change, he is a welcome addition to our team, especially as we celebrate 25 years in business and look toward enhancing our business model to meet the needs of today’s hotelier.”
Meroney received an M.B.A in Finance from Emory University in Atlanta, Georgia. He also holds a B.S. from Oglethorpe University, and a Certificate of International Business and Finance from the London Business School.
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Hotel Equities (HE) is an Atlanta-based full-scale hotel management, ownership, development and consulting firm. Fredrick W. Cerrone CHA, serves as President and CEO. HE presently has more than 45 properties in its portfolio. For more information, visit www.hotelequities.com
4th Annual Real Estate Expo in Los Angeles
JOIN US FOR OUR ANNUAL EXPO MAY 24TH
100% TOP Education – Mingle with Vendors
Network with VIPs and Industry Leaders
** Our 4th Annual Summer Expo celebrates Realty411 where it all began,
in beautiful and vibrant Culver City, CA **
HOSTED BY SENSEI & LINDA
Culver City is known as “The Heart of Screenland” thanks to Sony Studios. We began our real estate and media business in Culver City, now it’s our pleasure to give back…
Receive Our NEW 100-page, glossy Real Estate WEALTH magazine here **
We are SOLD OUT of Realty411 and you can only get our alternate cover issue at this expo!
We are down to the last few hundred copies of our magazine, due to popular demand, and we are holding these issues JUST FOR YOU.
This Expo has Top Education with Rich Content. Plus, Great Networking with Industry Leaders.
FREE Expo but you must register to attend. For the 411, visit:
http://www.eventbrite.com/e/realty411s-los-angeles-real-estate-expo-tickets-11105989313
100% TOP Education – Mingle with Vendors
Network with VIPs and Industry Leaders
Limited FREE Passes Available @
http://REALTY411GUIDE.com/events
or call our 24/hr Event Hotline: 310.499.9545
Key Topics to Be Discussed:
* 4 Profit Centers for Investors * Plus Mingle with Exhibitors!
* Tips for Commercial & Residential Real Estate Deals
* How to Legally and Morally Lower Your Tax Liability
* Marketing Secrets to Find Motivated Buyers/Sellers
* Advanced Information about Self Directing Your IRA
* Why Americans are Investing in Baja California
* Insider Information from Top LOCAL Wholesalers
* Meet Turnkey Providers and Property Managers
from around the Country Right in Los Angeles
* Learn How to Garner FREE Press and Media Exposure!
* Find Access to Private Money Here *
Limited FREE Passes Available @
GoodEnvestors Launch NEW Docuseries!
Why Sponsorship Marketing is a Win/Win by Laura Alamery
Many of you will immediately associate sponsorship with sports; your name on the team jersey, a display ad printed in the game programs, your logo emblazoned on a prominent banner waving in the wind. You may be pleasantly surprised to learn that sponsorship marketing is far from being exclusive to the sporting world and humanitarian causes. And, it may just be the answer to integrating your brand into the local community; creating a loyal following of believers in your product or services.
Sponsorship vs. Advertising: What’s the difference?
Sponsorship marketing is one of the most effective and affordable ways for a growing business to gain plenty of exposure. By showing your support for (or alliance with) small and local businesses, sponsorship allows you to get your message out in front of a highly desirable audience; your community, your industry niche. Sponsorship marketing also provides the opportunity of an ongoing relationship, giving you more time to really nurture potential customers and gain their loyalty (and referrals).
Advertising, on the other hand, is a huge expense (especially for a startup business). One simple placement in a popular industry magazine – or several 30 second radio spots a month on your local station – can run into the hundreds of dollars. Your return on investment (ROI) is minimal, because the few seconds you’ve got anyone’s attention is not likely to convert to sales. And, the trial and error you’ll experience while finding what works for your company – and doesn’t – can be painful and time consuming.
Advertising is about quantity. Sponsorship is about quality.
Putting Sponsorship Marketing to Work
Whether online or onsite, this method for getting out your message and building brand recognition is superior to many others. Don’t miss the many types of marketing available to sponsors:
1. Reaching a Target Audience: Remember, with sponsorship marketing your ideal prospect is essentially already in place, and you have their attention. Make good use of it! Sponsoring the right company means you skip about 20 different task levels in narrowing down the right consumers for your products and services!
2. Standing above competition: Customers take many things into consideration when choosing to spend their money. While the cost and quality of your services (or products) are key factors, your commitment to the economic development of their local community will definitely influence their decision.
3. Extensive brand exposure: In most cases, sponsorship marketing involves more than just writing a check. You will be given varied ways to introduce yourself to an attentive audience – in person or online, or both. From speaking at group meetings, to brand placement on coveted group web pages; from vendor table opportunities to guest posting. It’s a class act.
4. Business collateral is a must: Here’s a chance to display your logo and message (banners, table runners) at events and distribute your cards, brochures, giveaways like cups or pens, etc. This goes so much further than wasting hundreds of dollars a year with a neighborhood newspaper ad; thrown into driveways, only to be rained on, run over and tossed in the trash.
5. Be generous and tasteful: Go the extra mile and have your gift or donation for drawings branded with your logo. Use subtle yet creative ways to make sure the recipient knows (as well as the audience) that it’s your company providing the gift. Thoughtful, useful items may be kept for many years.
Sponsorship marketing is an excellent means of making the most of your valuable time and hard earned dollars. It is a mutually beneficial strategy to achieving meaningful business goals. Hence, the win/win.
Laura’s Story…
I was born and raised in beautiful Vicenza, Italy – only 40 miles from lovely Venice on the Adriatic Sea. I used to hang out at the top of this hill as a teenager, where I could see the whole city stretched out before me. In 1985 I relocated to United States, moving to Honolulu in 1987 where I became a college student at Hawaii Pacific University; just 4 miles from the beaches of Waikiki. I began developing a keen interest in real estate, so I started reading everything I could find – watching late night infomercials and buying courses by Dave Del Dotto, Robert Allen and Carlton Sheets.
My Real Estate Career Begins
That same year I became a real estate agent, to help pay for my college studies. I joined Dolman and Associates in Honolulu, and right away I was inspired by some of the top agents on the island.
I began following their lead and in my first year in the industry, I became a multi-million dollar producer!
In 1991, I graduated with a Bachelor of Science in Business Administration and moved to Missouri that same year. Once on ‘the mainland,’ my real estate career really took off. I started to purchase properties with no money down, using creative financing.
I continued my education by earning an MBA in Finance, still working part-time in real estate. Then I began a new career as an assistant controller in metal commodities, planning to climb the corporate ladder and keep real estate as a side business.
From Part Time to Full Time
By the mid1990s I had already acquired a sizable portfolio (over 20 properties) consisting mostly of multi-families for rental income – and I was barely 30 years old! I was making more money in part-time real estate (less than 10 hours a week) than my full-time corporate job, so in 1996 I decided to flip the switch and devote myself entirely to real estate. Once I was able to immerse myself full-time into real estate investing, my career skyrocketed.
In 1997, I began sharing my knowledge of real estate investing, proven strategies and creative financing techniques by hosting real estate seminars. And, given the widespread use of the Internet, I decided to also share my practical knowledge and experience as well via online mentoring and coaching. In 2010, I opened The REI Lab, Inc. – the culmination of various companies I had started and closed in the past.
The Next Chapter Unfolds
With a love for laid back lifestyle and great weather (I really missed being near the water), I decided to relocate once more in May of 2015. This time the move was to Broward County, Florida; midpoint between Miami and Fort Lauderdale. The Miami-Dade area is full of opportunities, and 59% of the real estate transactions here in 2016 were cash – more than twice the national average according to the National Association of Realtors!