Newmark Grubb Knight Frank Global Corporate Services announced its selection as strategic portfolio advisor for Caliber Funding LLC, a national mortgage lender and agency direct seller/servicer headquartered in Dallas, Texas. The firm has secured an exclusive contract to manage Caliber Funding LLC’s real estate transactions nationwide, including tenant representation, landlord representation and dispositions, as well as portfolio/lease administration and consulting services. The portfolio consists of over 100 locations in 28 states.
“Given our rapid growth over the last year, we needed a real estate partner that could not only carry out our real estate transactional needs, but that added value and insight in terms of how and where we continue to develop,” said Nathan Sabo of Caliber Funding. “Newmark Grubb Knight Frank’s depth of knowledge and integrated platform of services is a great match for our portfolio.”
Drew Persson, a principal with Newmark Grubb Knight Frank’s Rutherford, New Jersey, office led the pursuit that secured the business of Caliber Funding LLC, in conjunction with Michael Ippolito, chairman of Newmark Grubb Knight Frank’s Global Corporate Services.
“We are excited to partner with Caliber Funding on this assignment,” said Ippolito, who is principal-in-charge for the Caliber Funding account. “Caliber Funding is the perfect case study of a highly successful company utilizing outsourcing as a platform to further its strategic growth.”
“We are looking forward to providing our integrated platform of services, including development of inventive technology to assist in driving Caliber’s superior business performance,” stated Persson, who is serving as account manager for the Caliber Funding account.
About Caliber Funding
Caliber Funding LLC is a national mortgage lender and agency direct seller/servicer, with its headquarters in Dallas, Texas. Caliber’s proprietary technology platform allows for a state-of-the-art, cutting edge experience for its employees and customers. Driven by an innovative culture and a dynamic entrepreneurial leadership team, Caliber is poised for substantial growth in new markets throughout the country.
Caliber Funding LLC was founded in 2008 by Lone Star Funds, one of the largest global private equity funds in the world. For more information on Caliber Funding, please visit www.caliberfunding.com.
About Newmark Grubb Knight Frank
A part of BGC Partners, Inc. (NASDAQ:BGCP), Newmark Grubb Knight Frank is one of the largest commercial real estate service firms in the U.S. It brings together the strategic consultative approach to creating value for clients and leading position in the New York market that are hallmarks of Newmark; the complementary strengths of Grubb & Ellis in leasing and management, investment sales, valuation and capital markets services; and BGC’s financial strength, proprietary technology, expertise in global capital markets and deep relationships with many of the world’s leading financial institutions.
Newmark Grubb Knight Frank and its London-based partner Knight Frank together operate from more than 300 offices in established and emerging property markets on five continents. This major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide.
About Newmark Grubb Knight Frank Global Corporate Services
Newmark Grubb Knight Frank Global Corporate Services is an integrated global platform that provides beginning-to-end corporate services solutions to clients on an international level. Operating from New York, London and Hong Kong, Newmark Grubb Knight Frank Global Corporate Services combines strategy and execution within a unified team, integrating skill sets, technology tools and analyses typically performed by various consulting, real estate, architecture and project management organizations.