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Hunt Mortgage to Enter CRE-CLO Business

Commercial real estate lender Hunt Mortgage Group has hired Amy Shah to build and launch a collateralized loan obligations (CLO) platform.

Shah will be based in the New York office, serving as vice president on the proprietary lending team, which has closed or committed more than $450 million in loans so far this year, according to a statement issued by the company Oct. 28. She reports to Michael Becktel, director at the firm.

Most recently, Shah was with Resource Real Estate as a VP in their CRE Capital Markets group, where she structured, priced, securitized and managed CRE CLO transactions.Shah also has legal experience, having worked as a real estate finance attorney at Philadelphia, Pa.-based Ledgewood Law Firm. In this role she was responsible for drafting documents for first mortgage, mezzanine, preferred equity and capital markets deals.

Becktel said Shah will also focus on placing bridge loans and working to help expand Hunt’s balance-sheet lending program.

“We plan to grow that business and begin issuing commercial real estate CLOs as part of our long-range securitization plans,” Becktel said.

The firm’s plans to grow launch and develop a CLO platform comes at a time when U.S. activity in this market segment has stalled. According to Thomson Reuters LPC, volume in September was $4.9 billion; total volume for the first three quarters of the year is $78.6 billion. Comparatively, issuance for the same time last year stood at $93.9 billion.

This article originally appeared in Leveraged Finance News
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