Lackman Commercial Group in LaJolla, CA, announced that it has hired finance and underwriting experts Joe Gigliello and Brad Rust.
Gigliello has more than 23 years of real estate experience with a strong background in finance, including joint venture financing, construction lending and mezzanine lending.
He was with GMAC ResCap’s business capital group for 10 years as a managing director; where he originated more than 60 mezzanine loan transactions with more than $307 million in commitments and managed several workout teams across multiple lending platforms. Before GMAC, he was at Prudential Home Building Investors (PHBI), an investment advisor to CalPERS.
Rust was previously a director with GMAC ResCap, originating more than $350 million in mezzanine financing commitments. He also led workout modifications for underperforming transactions.
He was also a senior underwriter for Heller Financial, a Chicago-based commercial finance, equipment leasing and real estate finance company serving small to midsize companies in the U.S. and Europe. He led financial analysis, deal packaging and credit committee presentations for fixed rate conduit loans and equity investments in numerous real estate property types including multi-family, industrial, office, manufactured housing, and retail properties.