CBA Commercial Names Ken N. Beyer President and Chief Execut
STAMFORD, Conn., July 20 /PRNewswire/ -- CBA Commercial, LLC () has named Ken N. Beyer president and chief executive officer and Richard Skriloff chief operating officer.
The appointments are effective July 30.
Beyer, 35, was formerly chief executive officer of OfficeTiger Global Real Estate Services, Inc., an RR Donnelley company. Before that he was president and chief executive officer of MortgageRamp, Inc., a GMAC Commercial Mortgage affiliate, where he grew the startup into a leading global provider of outsourcing services to the commercial and residential real estate finance industries. He successfully directed the management-led sale of MortgageRamp to OfficeTiger.
Beyer brings to CBA Commercial a consistent record of entrepreneurial and operational success. His experience spans real estate, technology, finance, sales and marketing, and he has a proven track record of leading and growing both start-up and established businesses. Beyer has particular expertise in the small balance commercial mortgage market, having developed business processes and led outsourced operations at OfficeTiger for several leading small balance commercial mortgage lenders.
Skriloff, 38, was previously a CBA Commercial vice president and has been with the company since its inception in 2004. He has been a key part of the team that structures and issues the company's securitizations, which are backed by small balance commercial mortgage loans CBA Commercial funds and acquires as part of its CBAC Authorized Lender(TM) program. The company has issued five highly successful securitizations to date.
The Beyer and Skriloff appointments mark CBA Commercial's continuing evolution into a small balance commercial mortgage leader. They signal the company's maturation into a more significant force in this marketplace.
CBA Commercial will continue to focus on growing origination volume and underwriting high-quality mortgage loans. The company will give its sales force enhanced tools and training to develop relationships with mortgage lenders and to facilitate residential lenders' transition into the small balance commercial space.
"CBA Commercial has proven that there's a tremendous opportunity in the small balance commercial mortgage space," said Beyer. "There's a strong appetite for these loans on both the lending and capital markets sides. We plan to develop more long-term relationships with leading players on both sides."
Beyer and Skriloff succeed former CEO William Komperda and former COO Clayton Andrews. Both remain affiliated with CBA Commercial as shareholders and in advisory capacities.
CBA Commercial, LLC () is a specialized mortgage investment firm that purchases and securitizes small balance multifamily, commercial and mixed-use mortgage loans. Its nationwide CBAC Authorized Lender(TM) program provides standard loan documentation, standard underwriting guidelines, online processing, appraisals and environmental insurance for loans ranging from $100,000 to $3 million.
Source: CBA Commercial, LLC