CRE debt and equity provider CWCapital hired Todd Trehubenko as managing director in multifamily based in its Needham, MA office. The firm is a subsidiary of CW Financial Services.
The new hire will create new multifamily business for CWCapital, originating financing across the firm's lending platforms, restructuring market-rate multifamily assets, as well as developing new housing buying opportunities.
Trehubenko was previously from Recap Real Estate Advisors in Boston, where he most recently served as chief executive officer. He is a senior real estate executive with over 20 years of experience in negotiating, structuring, financing and closing complex apartment deals, he has largely focused his efforts on regulated affordable housing.
Over his tenure at Recap, he personally arranged more than 180 transactions and represented close to $3 billion in real estate value. This includes the refinancing of Starrett City, at $531 million the largest single-asset offering in Freddie Mac's history.
"We are very pleased to welcome Todd, said Michael Berman, president and CEO of CWCapital. "With his expertise and broad network of industry and multifamily relationships, Todd will make an important contribution to CWCapital as we continue to explore new ways to grow our business."
A GSE and FHA lender offering origination, underwriting and servicing via its network of national lending offices, the firm expects to close roughly $4 billion of multifamily loans in 2011 and currently services a loan portfolio of around $16 billion in 48 states.