Colliers International Negotiates 410,208-SF Industrial Sale in Fontana, CA

 FONTANA, CA – Colliers International, the second largest real estate services organization globally, has negotiated the sale of a 410,208-square-foot industrial building located at 10721 Jasmine St. (top left photo) in Fontana, Calif., to BlackRidge Real Estate Group, LLC, a Lakewood, Colo.-based privately held full-service real estate investment firm, for an undisclosed amount.

Built in 1991, 10721 Jasmine Street is a freestanding, concrete tilt-up industrial building with 50 dock-high doors and 3,000 amps of electrical service.

 The property has a fully-secured yard with a mechanical gate and security booth. The new owner will renovate the building and upgrade the sprinkler system to early suppression fast response (ESFR).

“This is the first vacant Class B building we’ve seen in Fontana sell to an institutional investor," said Tom Taylor (middle right photo) , executive vice president in Colliers’ Ontario office, who represented the both the buyer and the undisclosed seller in the transaction.

"Due to a shortage of Class A assets available for purchase, combined with the recent rebound in values, institutions are now aggressively pursuing Class B assets on a value added basis,” 

Along with Taylor, Steve Bellitti (middle left photo), executive vice president, and Summer Coulter (bottom right photo), associate, both in Colliers’ Ontario office, represented the buyer and seller in the transaction.

Contact:

Megan Morales

Marketing & PR Coordinator

Dir +1 949 724 5537 | Mob +1 714 273 2472

Main +1 949 474 0707 | Fax +1 949 724 5600

megan.morales@colliers.com

Southern Commercial Brokers 33,178-SF Lease in Orlando, FL

 

ORLANDO, FL--Principal Moses Salcido (top right photo), SIOR of Southern Commercial Real Estate Advisors completed a 33,178 square foot renewal at 2544 E Landstreet Road.  Salcido represented the Landlord, DCT Boggy Creek FL LP.  The Tenant was LiveTV, Inc. 

Media Contact: Celeste MacKenzie, 321-281-8503, cmackenzie@southerncommercialre.com

 

                                  ,                                                                                                                                                           

Arbor Closes $13,760,000 Fannie Mae DUS® Loa for Westpointe Apartments in Robinson, PA

Uniondale, NY (Oct. 27, 2010) - Arbor Commercial Funding, LLC (“Arbor”), a wholly-owned subsidiary of Arbor Commercial Mortgage, LLC, announced the recent funding of a $13,760,000 loan under the Fannie Mae DUS^® Loan product line for the 291-unit complex known as Westpointe Apartments (top left photo) in Robinson, PA. The 10-year loan amortizes on a 30-year schedule.

The Westpointe Apartments are located within the West Submarket of the Pittsburgh metropolitan area in an neighborhood of increasing residential and retail development.

The West Submarket is currently outperforming the Pittsburgh market as a whole with a declining vacancy rate.

The loan was originated by Ronen Abergel (bottom right photo), Director, in Arbor’s full-service New York, NY, lending office.

Contact:  Christopher Ostrowski, costrowski@arbor.com

MBA Announces New Members and Leadership of Residential Board of Governors (RESBOG) and Residential Committee Chairs

ATLANTA, GA - The Mortgage Bankers Association (MBA) announced Henry V. (Hank) Cunningham, Jr., (top right photo) CMB, President of Cunningham & Company, Greensboro, NC, as Chairman of its Residential Board of Governors (RESBOG) and Garry Cipponeri (middle left photo), Senior Vice President of Chase in Iselin, NJ as Vice Chair of RESBOG at the association's 97^th Annual Convention & Expo.  

RESBOG is the governing body for MBA's single-family residential members, responsible for establishing legislative and regulatory policies and positions on single-family residential lending issues.  

"Hank and Garry will provide excellent leadership for RESBOG as it sets MBA policy for the myriad of issues that residential mortgage lenders will face in the coming year," said MBA Chairman Michael D. Berman, CMB.  "Their dedication and commitment to MBA has made them respected leaders in our industry."

Cunningham and Cipponeri presently sit on MBA's Board of Directors and both have been active MBA members and served on several committees.  Hank has been a member of MBA's Regulatory Reform Task Force, Warehouse Lending Task Force and the GSE Policy Task Force.

Garry was previously Chair of the Secondary and Capital Markets Committee and continues to be a member of MBA's Council on Ensuring Mortgage Liquidity.

MBA also named the newly elected members of RESBOG.  The new members are:

• Steve Alonso, Consumer Lending-Mortgage & Business, Cincinnati, OH
• David H. Katkov, PMI Mortgage Insurance Co., Walnut Creek, CA
• Stewart Larsen, CMB, Bank of the West, Omaha, NE
• Marla Mayne, U.S. Bank Home Mortgage, Minneapolis, MN
• Samuel B. Morelli, CMB, WestStar Mortgage Inc., Chadds Ford, PA

MBA's returning members of RESBOG are:

• Gary Acosta, Prado Mortgage, San Diego, CA
• Michael D. Berman, CMB, CWCaptial, Needham, MA
• Phillip W. Bracken, CMB, Wells Fargo Home Mortgage, Ellisville, MO
• Robert D. Broeksmit, CMB, Bethesda, MD
• James G. Carter, SunTrust Mortgage Inc., Richmond, VA
• Todd Chamberlain, Regions Financial Corporation, Birmingham, AL
• Garry Cipponeri, Chase, Iselin, NJ
• Dan Crockett, Franklin American Mortgage Company, Franklin, TN
• James H. Danis II, CMB, AMP, Residential Mortgage Corp., Fayetteville, NC
• James M. Deitch, CMB, American Home Bank NA, Mountville, PA
• Abraham Eisner, GFI Mortgage Bankers Inc., New York, NY
• William C. Emerson, Quicken Loans Inc., Detroit, MI
• Robert Gaither, Bank of America Home Loans, Charlotte, NC
• James F. Jandrisevits, USAA Federal Savings Bank, San Antonio, TX
• John B. Johnson, CMB, MortgageAmerica Inc., Birmingham, AL
• Michael C. Koster, EverHome Mortgage Company, Jacksonville, FL
• Michael McQuiggan, Tri-Emerald Financial Group, Lake Forest, CA
• J. David Motley, CMB, Colonial National Mortgage, Fort Worth, TX
• Donald L. Salmon, TBI Mortgage Company, Horsham, PA
• Debra W. Still, CMB, Pulte Mortgage LLC, Englewood, CO
• Gregory S. Tornquist, Cenlar FSB, Ewing, NJ
• G. Todd White, CMB, Avrest Mortgage Company, Lowell, AR
• Dena L. Yocom, CMB, imortgage.com Inc., San Diego, CA
• Michael W. Young, Cenlar FSB, Ewing, NJ

MBA's Residential Committee Chairs serving on RESBOG:

• Financial Management: Jennifer Simons, PNC Financial Services Group Inc.
• Legal Issues, Quality Assurance and Regulatory Compliance: David Hay, SunTrust Mortgage Inc.
• Loan Administration: Jordan Dorchuck, AMP, American Home Mortgage
• Residential Loan Production: Noel McGarvey, Pulte Mortgage
• Secondary and Capital Markets: Rob Gaither, Bank of America
• State Legislative and Regulatory: John V. Konyk, Weiner Brodsky Sidman Kider PC

Contact:

John Mechem,  (202) 557-2924, jmechem@mortgagebankers.org   

Melissa Key, (202) 557-2799, mkey@mortgagebankers.org 
  

     

Marcus & Millichap Sells 2,216-SF Single-Tenant, Net-Leased Building in Vidalia, GA

 VIDALIA, GA – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of a 2,216-square foot Taco Bell (top left photo) located in Vidalia, Ga., according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

The asset commanded a sales price of $795,000.

Leon Brockmeier (middle right photo) and Patrick O’Halloran, retail investment specialists in Marcus & Millichap’s Tampa and Atlanta offices respectively, had the exclusive listing to market the property on behalf of the seller, a Florida-based private investor. 

The buyer, a limited liability company based out of California, was secured and represented by Justin White and John Vorsheck, investment specialists in the Long Beach office, along with Tina Taylor and Ned Zivkovich investment specialists in the Las Vegas office. 

The Taco Bell is located at 400 E. 1st Street (US Hwy 280) in Vidalia.

 “This transaction is a testament to our national platform and our ability to move capital across the country. The buyer was in a 1031 exchange and we were able to sell this deal from start to close in roughly 30 days,” says O’Halloran.

Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700

Marcus & Millichap Sells 62-Unit Apartment Property in Tampa, FL for $2.275 Million

 TAMPA, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Raintree Oak (top left photo) , a 62-unit apartment property located in Tampa, Fla, according to Bryn D. Merrey, Regional Manager of the firm’s Tampa office.

 The asset commanded a sales price of $2.275 million.

Robert Jinks (middle right photo), CCIM, senior associate and James Vestal (bottom left photo), associate in the firm’s Tampa office, facilitated the sale on behalf of the seller, a Miami-based private investor.

 The buyer, a limited liability company, was also secured and represented by Jinks and Vestal.

Raintree Oak was built in 1983 and is located at 12710 English Hills Court. 

“Even though this was a fractured condo deal, the property was being operated as a fully functioning apartment complex with high occupancy and was essentially a turnkey asset,” says Vestal.

Press Contact: Bryn D. Merrey, Regional Manager, Tampa, (813) 387-4700

Marcus & Millichap Arranges Receivership Sale of Student Housing Community in Fort Myers, FL

FORT MYERS, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has brokered the sale of College Club (top left photo), a 144-unit, 504-bed, 218,520-square foot student housing community in Fort Myers.

            Peter Katz (middle right photo)  a senior vice president investments in Marcus & Millichap’s Phoenix office; Dorothy Jackman (middle left photo), a vice president investments; Travis Prince, a senior associate; and Michael Harris, an associate; all in the Tampa office, represented the buyer, Florida Gulf Coast University, and the seller.

“With the university’s explosive enrollment growth, this property will allow the school to provide additional quality housing to their students,” says Jackman.

“College Club features high-end amenities such as a pool, a sand volleyball court, a tanning booth, fitness center and computer lab. The units provide students with their own private bedroom and bathroom and are fully furnished with modern furniture and appliances,” adds Jackman.

The property is located approximately one mile from Florida Gulf Coast University at 17100 College Club Loop in Fort Myers. The Miromar Outlets mall and the Gulf Coast Town Center mall are nearby.

The Campus Club unit mix features 72 three-bedroom/three-bath units and 72 four-bedroom/four-bath units. The average weighted unit size is approximately 1,518 square feet.

Florida Gulf Coast University has an enrollment of more than 11,000 students.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

Stirling Sotheby’s International Realty named exclusive sales and marketing agents for Chateau Am Ufer in Indialantic, Brevard County, FL

ORLANDO - Stirling Sotheby’s International Realty was recently appointed exclusive sales and marketing agents for Chateau Am Ufer (above centered photo), a 9,800 square foot waterfront estate in Indialantic priced as a bank approved short sale at $1.75 million.

Roger Soderstrom, founder and owner at Stirling Sotheby’s International Realty, said the seven-bedroom, five-and-a-half bath estate features a 20-foot waterfall and koi pond in the three-story foyer with a sweeping grand staircase.

“Chateau Am Ufer ranks as the most magnificent estate home available for sale in Brevard County,” Soderstrom said.

Designed by MAI Architects and built in 1999, the home features 230 feet of deepwater frontage on two sides and every conceivable luxury feature,” Soderstrom said.

Stirling Sotheby’s International Realty luxury home specialist Jack Jeffcoat (lower left photo), who personally represents the property, said the estate in Indialantic resembles a storybook European castle with modern design flourishes and rock-solid engineering that includes 29 pinpoint pilings, bronzed storm windows that exceed Miami-Dade hurricane code specifications and a whole-house generator.

The estate can accommodate two yachts of up to 60 feet on the canal side and up to 90 feet on the river side. The gourmet kitchen features hand-stained tile pointers and Italian tile flooring. The media room features four large LCD screens and a drop-down theater screen.

“Chateau Am Ufer is one of the most striking luxury estates I have ever seen. At the bank approved short sale price, it may rank as the greatest estate value in Florida,” Soderstrom said.

Visit http://tours.tourfactory.com/tours/tour.asp?t=464576 for a video tour of the property.

For more information, please  contact: 

Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890;  

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 

NAI Realvest negotiates sale of office condominium for Dental Office at Narcoossee Commerce Park

ORLANDO — NAI Realvest recently negotiated the $408,375 sale price for a 2,475 square foot “gray shell” office/retail condominium at Narcoossee Commerce Park,

8257 Narcoossee Park Drive

in southeast Orlando. 

Michael Heidrich (top right photo), a principal at NAI Realvest, negotiated the sale representing the seller, Harkins Development Corporation of Sanford. 

OCAV Holdings, LLC of Orlando purchased unit A in Building 1 at the commerce park and plans to build out the space for use as a dental office.  David Murray of ProMax Property Solutions represented the buyer in the transaction.

For more information, contact:  

Michael Heidrich, Principal NAI Realvest, 407-875-9989 mheidrich@realvest.com;

   Patrick Mahoney, Principal/Chief Operating Officer, 407-875-9989;  

Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142  

Marketplace Advisors, Inc. Developing Database for Retailers

ORLANDO, – Marketplace Advisors, Inc., the specialty commercial real estate firm that focuses on the development of town centers and downtown development districts is developing a major area database that will help retailers identify areas that show the most promise for new retail and restaurant locations.

David Marks (top left photo), president of Marketplace Advisors, Inc. said he has identified 15 submarkets with local demographics data and retail buying trends.

“The real estate market is slowly recovering and over the next few years we will see select new development, relocation and expansion in Central Florida,” Marks said.

Typically, area studies are developed independently by retailers and development consultants, Marks said.

“We’re establishing a region-wide database that will answer all the questions a retail chain or restaurant may have about the region and about specific submarkets within our region,” he said.

For more information, please contact:  

David Marks, Marketplace Advisors, Inc., 407-599-0007, dmarks@cfl.rr.com;  

Larry Vershel or Beth Payan, LV Communications, 407-644-4142    

Stirling Sotheby’s International Realty Reports Sale of Home Site at Bella Collina

ORLANDO - Stirling Sotheby’s International Realty reports it recently sold an estate home site at Bella Collina, the luxury country club community located in Lake County north of

Colonial Dr.

near Montverde.

Roger Soderstrom, founder and owner of Stirling Sotheby’s International Realty, said associates Dan Natol (lower  left photo)i and Carolyn Burgiel (top right photo) of Stirling Sotheby’s Luxury Residential Team sold the home site to a British buyer who plans to build a 10,000 square foot luxury home at Bella Collina.

Stirling Sotheby’s represented the buyer in the transaction, Soderstrom said.

“This sale marks the start of a resurgence at Bella Collina that we have been reporting for three months,” Soderstrom said. “We have seen a marked increase in activity at Bella Collina, with interested buyers from all over the world,” he said.

But all the interest isn’t international---Soderstrom said more than half of the sales inquiries Stirling Sotheby’s has fielded come from Central Florida buyers.

To see a video of the Bella Collina home, http://www.youtube.com/watch?v=FrJ7J4EG13s

For more information about this press release, contact:  

Roger Soderstrom, Founder/Owner Stirling Sotheby’s International Realty 407-581-7890;  

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142  

Orlando economist David Marks proposes Green Community Urbanization Act to create sustainable communities

ORLANDO, Fla. --- Orlando economist David Marks (top right photo), president of Marketplace Advisors, Inc. and a nationally recognized expert on the development of urban town centers, hopes he can convince the Obama administration to take up his proposal to introduce the Green Community Urbanization Act to restructure the national economy and focus on the health of local communities.

Marks said he has presented some of his ideas to the Urban Land Institute, International Council of Shopping Centers and the Florida Planning and Zoning Association.

The Green Community Urbanization Act is based on Marks’ Sustainable Community of Tomorrow model (SCOT), an urban economic development and redevelopment model Marks has proposed for cities and municipalities throughout the U.S.

The vision is to develop a sustainable economy and society that better balances the needs of the individual, society and the environment.   The implementation of such a vision would be a major stimulus to economic growth as green building and community infrastructure is put in place.

By re-envisioning our economy and focusing on the health of our communities we can transform our society into more sustainable places that are better positioned to help themselves, reducing our growing dependence on government. 

 To create such a strong healthy society we need to develop communities that raise healthy individuals, families, and community based institutions.

Marks’ Green Community Urbanization Act proposal calls for construction and renovated of over two million green homes and more than 500 million square feet of green commercial space over the next 10 years.

Local investors and public-private partnerships would fund most of the development costs, and Marks, who is writing a book on the subject, hopes to interest the federal government in funding up to one-third of the cost from a tax on fossil fuel consumption.

“The Green Community Urbanization Act initiative could generate more than one million jobs nationwide,” Marks explained.

“More importantly, the Green Community Urbanization Act would change the course of urban development to focus on the health of our communities and the creation of sustainable environments and sustainable economies,” Marks said.

For more information, please contact:  

David Marks, Marketplace Advisors, Inc., 407-599-0007, dmarks@cfl.rr.com;  

Larry Vershel or Beth Payan, LV Communications, 407-644-4142   

U.S. Office Leasing Activity in Central Business Districts Up 31.6 Percent

 ORLANDO, FL-- Cushman & Wakefield released third quarter 2010 statistics for the U.S. office market that show leasing activity maket-wide in Orlando decreased 7.1% year-over-year, ending the third quarter at 1.5 million square feet, compared to 1.6 million at the end of the third quarter of 2009.

 Year-to-date leasing activity for U.S. central business districts (CBDs) totaled 45.5 million square feet at the end of the third quarter of 2010, a 31.6 percent increase in activity from the 34.6 million square feet leased at this time last year. 

Of the 31 CBDs tracked by Cushman & Wakefield, 18 saw year-over-year increases in leasing activity.

 The rise in leasing activity led to declines in vacancy in most markets.  After reaching a high of 15.0 percent at the end of first quarter of 2010, the overall U.S. CBD vacancy rate continued its decline for the second consecutive quarter, ending the third quarter at 14.7 percent, down from 14.8 percent at midyear 2010. 

 The overall vacancy rate for Orlando decreased to 18.8 percent at the end of the third quarter of 2010, down from 20.0 percent at the end of the second quarter.

 The overall rental rate for U.S. CBDs remained unchanged quarter-over-quarter.  Rental rates for Orlando fell during the third quarter to $24.11 per square foot, down $0.08 from $24.19 at midyear 2010.

 The year-to-date absorption rate, a measure which indicates the net change in occupied space, was negative 1.25 million square feet at the end of the third quarter, a 96 percent increase in absorption from the negative 32.1 million square feet at the end of the third quarter of 2009.

 Orlando’s absorption rate was negative 25,406 square feet at the end of the third quarter, compared to negative 152,537 at this time last year.

 Contact: Brook Hines, Tel: 407-541-4401, brook.hines@cushwake.com

http://www.cushwake.com/

U.S. overall industrial vacancy remains unchanged at 10.6 percent

ORLANDO, FL – Cushman & Wakefield today released third quarter statistics for the U.S. industrial market that show the vacancy rate in Orlando at 14.6 percent at the end of the third quarter, unchanged from midyear 2010. 

The overall U.S. industrial vacancy rate remained unchanged from midyear, ending the third quarter at 10.6 percent, after peaking at 10.8 percent at the end of the first quarter of this year.

 Year-to-date leasing activity for the U.S. industrial market totaled 189.8 million square feet at the end of the third quarter of 2010, an 11.9 percent increase in activity from the 169.5 million square feet leased at this time last year.  Leasing activity in Orlando decreased to 2.2 million square feet, compared to 2.4 million at the end of the third quarter of 2009.

 The year-to-date overall absorption rate, a measure which indicates the net change in occupied space, was negative 6.2 million square feet at the end of the third quarter, a 94.7 percent increase in absorption from the negative 118.5 million square feet at the end of the third quarter of 2009.  Orlando’s absorption rate was negative 618,958 square feet at the end of the third quarter, compared to negative 1.5 million at this time last year.

 “While the overall vacancy rate remains unchanged, we are fairly confident that it has hit its peak,” said Jim Dieter (top right photo), executive vice president of Cushman & Wakefield’s Industrial Services.

  “With continued improvements in leasing activity, we should start to see some downward movement in the overall vacancy rate through the end of the year.”

 Industrial construction remained at historical lows in the third quarter of 2010.  Year-to-date product completions totaled 12.3 million square feet, down 77.9 percent from the 55.8 million square feet completed at this time last year. 

 “With nearly 14 million square feet expected to be completed through the remainder of the year, 2010 is on track to see the most limited amount of new construction added to the market since Cushman & Wakefield began tracking the market,” said Maria Sicola (middle right photo), executive managing director and head of Americas Research for Cushman & Wakefield. 

Contact: Brook Hines, Tel: 407-541-4401, brook.hines@cushwake.com, http://www.cushwake.com/

MBA Honors MortgageAmerica Co-Founder John Johnson with the 2010 Andrew D. Woodward Distinguished Service Award

  

ATLANTA, GA--- The Mortgage Bankers Association (MBA) awarded John Johnson, CMB, President & Chief Executive officer of MortgageAmerica, with the Andrew D. Woodward Distinguished Service Award at the Association's 97th Annual Convention and Expo held in Atlanta. 

The award was given to Johnson in recognition of his dedication and prominent service to MBA and the mortgage lending industry. 

 "John Johnson represents the best of our industry," said MBA Chairman Michael D. Berman, CMB.  "In good times and bad, John has lived up to his company's motto of 'outrageous service' to his customers and his fellow MBA members."

Nominees for the annual award must be associated with an MBA member firm, have a record of sustained and extraordinary service to MBA and the mortgage industry, and have a strong reputation for ethical and professional conduct.

 Johnson founded MortgageAmerica in 1978 with his good friend and mentor, Dr. Harry L. Phillips.  Headquartered in Birmingham, AL, MortgageAmerica has offices throughout the Yellowhammer State as well as branches in Florida, Georgia and Tennessee.

 In addition, Johnson is a member of MBA's Residential/Single-Family Board of Governors (RESBOG). He also serves as a member of MBA's Council on Ensuring Mortgage Liquidity, a task force of association members that examines policy options and issue recommendations for the future of the secondary mortgage market.

 The award is named in honor of Andrew D. Woodward, an industry friend, colleague and leader who passed away in 2008.  Among other activities in his long and distinguished career, Woodward was instrumental in developing MBA's Council to Shape Change report, which was released in August 2006.

Contact:

John Mechem, (202) 557-2924, jmechem@mortgagebankers.org

Melissa Key,  (202) 557-2799, mkey@mortgagebankers.org

MBA Elects 2011 Board of Directors

 ATLANTA, GA - The Mortgage Bankers Association (MBA)  elected its Board of Directors for the 2011 membership year at MBA's 97th Annual Convention & Expo in Atlanta.

The Board of Directors will be chaired by Michael D. Berman (top right photo), CMB, President and Chief Executive Officer of CWCapital, Needham, MA.

 MBA's Board of Directors consists of 21 elected members and one ex-officio member, MBA President and Chief Executive Officer John A. Courson (middle left photo).

 Four are from the Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG), four are from the Residential/Single-Family Board of Governors (RESBOG), one is the Chairman of MORPAC, four are MBA Officers, four are members at large, three are associate members and one represents State and Local mortgage banker associations.

 The Board of Directors sets the strategic direction for MBA and also manages the affairs of the association, including developing association-wide policies and approving the budget.

 The newly elected members of MBA's Board of Directors are:

Jack M. Cohen, CMB, Cohen Financial (middle right photo) 

Dan Crockett, Franklin American Mortgage Company

John V. Konyk, Weiner Brodsky Sidman Kider PC

William J. Krochalis, Sterling National Corporation

J. David Motley, CMB, Colonial National Mortgage

Edward Padilla, CMB, NorthMarq Capital LLC

Joseph R. Reppert, CoreLogic

Brian F. Stoffers, CMB, CBRE Capital Markets

G. Todd White, CMB, Arvest Mortgage Company

Marsha L. Williams Esq., Middleberg Riddle & Gianna/MRG Document Technologies

Members remaining on the Board of Directors are:

Gary Acosta, Prado Mortgage

Michael D. Berman, CMB, CWCapital

E.J. Burke, KeyBank Real Estate Capital

Garry Cipponeri, Chase

William Cosgrove, CMB, Union National Mortgage Co.

John A. Courson, Mortgage Bankers Association

Henry V. Cunningham, Jr., CMB, Cunningham & Company

Tari L. Flannery, CMB, M&T Realty Capital Corp.

Rodrigo Lopez, CMB, Amerisphere Multifamily Finance LLC

Debra W. Still, CMB, Pulte Mortgage LLC

Robert E. Story, Jr., CMB, Seattle Financial Group (lower left photo)

Michael W. Young, Cenlar FSB

Contact:

John Mechem , (202) 557-2924, jmechem@mortgagebankers.org

 Melissa Key, (202) 557-2799, mkey@mortgagebankers.org