57.04 F
April 18, 2024
PI Global Investments
Real Estate

A&E Real Estate Unveils New Mortgage Lending Arm 

A&E Real Estate has launched A&E Real Estate Finance (AEREF), a debt financing platform led by industry veteran Joseph E. Fingerman. AEREF will focus on issuing first mortgage loans for multifamily rental buildings in the New York Metro region, leveraging A&E Real Estate’s insights and institutional backing.  

The 20-person team at AEREF will source, originate, and service loans, targeting properties owned by legacy owners and long-time operators in the area. A&E Real Estate, founded in 2011, manages over 20,000 apartments in Bronx, Manhattan, Brooklyn, and Queens.  

“We have known Joseph and his team for more than a decade. The business they built was solid and highly respected. I believe that together, we are well-positioned to help fill the void left by the recent pullback in lending by regional banks.” said A&E Real Estate president Maggie Brun. Fingerman joins from Signature Bank’s Commercial Real Estate Group, bringing over two decades of experience to AEREF. 

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