First Niagara Financial Group, Inc. names Griffin to lead regional commercial real estate lending team
NEW HAVEN CT First Niagara Financial Group, Inc. named Jeanneen Griffin to serve as first vice president and team leader, commercial real estate lending for the bank's New England and Tri-State Regions. Specifically, Griffin will manage a sizable commercial real estate loan portfolio and lead an experienced team of CRE lenders focused on developing business with middle market and institutional owners/developers throughout Connecticut, New York Metro, Westchester County and Northern New Jersey. Target transactions range from $5 million to $100 million for properties including multifamily, office, grocery-anchored and single credit tenant retail, and warehouse/distribution. Griffin is an accomplished real estate lender with more than 28 years of experience in debt and equity financing in both middle market and institutional lending.
She joins First Niagara from People's United Bank where she served as a senior commercial lending officer, and consistently ranked as a market leading performer in new loan production. She also held commercial lending roles with GE Commercial Finance, Webster Bank, and CRIIMI MAE, Inc. Earlier in her career she held positions at Paul Revere Life Insurance Company, CIGNA Investments, Inc. and Barclays American Business Credit.
"We are fortunate to attract someone with the depth and breadth of experience that Jeanneen possesses," said First Niagara senior vice president commercial real estate regional manager Christophe Terlizzi. "With her extensive market knowledge, strong underwriting and loan structuring skills, and proven ability to acquire profitable new business, she is the perfect leader to drive our CRE growth objectives in the region."
Griffin has been a member of the executive committee of the New York chapter of the Real Estate Lenders Association for three years, and currently serves as Membership Chair. She was a past president of the Real Estate Exchange (CT affiliate of CREW Network) and a board member of REFA in CT.
"I am excited to join First Niagara, and welcome the opportunity to work with such an accomplished team of lenders," Griffin said. "I have focused on the commercial real estate needs in the Northeast for more than ten years and look forward to putting my market knowledge to work for a community-minded bank with an impressive growth record."
Boston, MA The fall season always marks the return of IFMA Boston events, and this year is no different. Registration is now open for IFMA Boston’s FMForward Deep Dive 2024. The FMForward Deep Dive 2024 Conference will be held on November 19th at the Babson Executive Conference Center in Wellesley, Mass.
In the realm of real estate investing, the 1031 exchange Delaware Statutory Trust can provide savvy real estate investors a unique opportunity to achieve passive management, the potential for regular monthly distributions, and a way to enter one of the most tax efficient real estate investment strategies available today.
Investors have multiple tools to defer tax liabilities when selling investment properties. The best known is likely a 1031 exchange - which has been around in some form or fashion for over 100 years. Installment sales have existed as part of the code for more than 75 years. Newer legislation (2017) created Qualified Opportunity Zones (QOZs)
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
It seems like every day there is another reason showcasing the reason why more and more investors are choosing to stay debt-free when investing in Delaware Statutory Trust (DST) properties in a 1031 exchange.