Greg Porter Joins MC-Five Mile’s Loan Origination Team

Aug. 25, 2014 - PRLog -- MC-Five Mile Commercial Mortgage Finance LLC (“MC-Five Mile”) has announced that Greg Porter has joined the company as Managing Director.  A commercial real estate veteran with over 20 years of experience, Mr. Porter joins as a senior member of the loan origination team and will be opening MC-Five Mile’s West Coast office in Carlsbad, California.  Mr. Porter is charged with originating fixed-rate commercial real estate loans sized $2-100 million in markets throughout the Western States, and reports to lending group head Matt Philip in New York.  MC-Five Mile’s new office is situated at 701 Palomar Airport Road, Carlsbad, CA 92011.

The opening of a West Coast office comes at a time of accelerating growth for MC-Five Mile, which has funded over $1.25 billion of loans since its inception in late 2012. “We are thrilled to have Greg join the team,” says Mr. Philip, “as he brings extensive lending experience, contacts and knowledge of markets in the West.”

Mr. Porter originated and structured commercial real estate loans while managing the Merrill Lynch Mortgage Lending Group’s Orange County office from 2002 to 2009.  Prior to that, Mr. Porter served as Vice President in the Los Angeles office of Bear, Stearns & Co. Inc., where he originated and underwrote fixed and floating rate commercial real estate debt.  The hire marks Mr. Porter’s return to commercial real estate lending after leading clean energy finance group Starlight Capital Advisors, Inc. and residential loan brokerage First Carlsbad Mortgage.

About MC-Five Mile Commercial Mortgage Finance LLC

MC-Five Mile provides fixed-rate permanent financing to borrowers on commercial real estate assets across the United States.  MC-Five Mile finances various types of properties including office, retail, multi-family, student housing, industrial, hotel, and self-storage.  The Company is run by a highly experienced management team with expertise in all aspects of the commercial real estate industry, including origination, credit, underwriting, structuring, capital markets and asset management.