Melville, NY According to The Advantage Group, Stuart Gelb has been appointed commercial finance director at its mortgage financing subsidiary, Mortgage Advantage. “With Stuart joining the team, we demonstrate our continued commitment to Mortgage Advantage and our commercial real estate clients by hiring one of the industry’s most talented professionals. Our mission is to give our clients the best options to succeed. The Advantage way is built on long established lending relationships, a 360-degree perspective of the real estate marketplace, and, sage counsel. We are delighted that Stuart, whose exceptional blend of experience make him a natural fit, joins us in doing so,” said Joseph Willen, president and CEO, Advantage Group.
As commercial finance director, Mortgage Advantage, since July, Gelb helps business leaders find the best lending solutions available. Clients benefit from his extensive real estate background in management and finance with broad business connections to banks, brokerages and the construction industry. In addition to his role at Mortgage Advantage, Gelb continues to run The Liquidity Source, a NY-based financial and advisory firm specializing in real estate and debt placement, which he founded in 2008. He also manages family commercial real estate in the metro area; is president of the condominium board for 210 Lafayette Street, known as One Kenmare Square, in Manhattan; and serves on the Zoning Board of Kings Point Long Island in Great Neck, NY where he resides.
When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.