New York, NY According to Millbrook Realty Capital, LLC, Uanderson Benedetti has joined the firm as managing director. In this role, Benedetti is responsible for growing the firm’s lending platform, which focuses on originating, underwriting and structuring loans.
“Uanderson is a proven talent with a track record of fueling the growth of commercial real estate lending platforms,” said Millbrook Realty Capital’s managing principals Charles and Marc Yassky. “His direct relevant experience, skills and relationships are already having a positive impact on the firm as we ramp up our lending activities. We look forward to working closely together to deliver creative financing solutions to our expanding client roster.”
Benedetti is focused on originating short-term bridge loans on multifamily properties, mixed-use buildings, condominiums and hotels across the country. Millbrook Realty Capital’s typical loan size ranges from $1 million to $25 million with a term of 12 to 18-months, including potential extension options, and the firm is able to offer rates as low as 7.5 percent. It will also provide financing for ground-up construction projects. With Mr. Benedetti on board, Millbrook Realty Capital is targeting $150 million in originations by year-end.
"I have a great deal of respect for Charles and Marc and the platform they've built," said Benedetti. "I'm excited and honored to lead Millbrooks lending activities, and will continue to do everything I can to advance the firms strategic growth priorities."
Prior to joining Millbrook Realty Capital, Benedetti served as head of originations for Fort Amsterdam Capital where he originated and structured bridge loans. Before that, Benedetti helped develop more than 1 million s/f of commercial real estate space in the city as a senior project executive with MUEngineering and project manager with RCDolner. He brings to Millbrook Realty Capital an intimate understanding of real estate markets, asset classes and the capital markets. Benedetti earned a B.S. in Civil Engineering from Manhattan College in 2005.
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