Mission Capital and Global Financial form Mission Global, LLC
New York, NY Mission Capital Advisors and Global Financial Review have revealed the formation of a new company, Mission Global which was formed by the merger of Global Financial Review and Mission Capital’s mortgage services business. Mission Global will provide a comprehensive portfolio of due diligence and other risk management services for institutions buying, selling, securitizing or managing mortgage and consumer loans through its more than 200 full time mortgage industry executives and an extensive network of highly experienced consultants.
Mission Capital Principal, Joe Runk, has been named chief executive officer of Mission Global, while Global Financial Review’s founder and president, Trenton Staley, will serve as president of the new company. Dwight Bostic and Mimi Grotto, both managing directors at Mission Capital, along with Dennis Zehnle and Donna Kubena, both senior executives at Global Financial, will serve in key management roles at Mission Global.
“Mission Capital’s mortgage services platform has been an integral segment of our core loan sale advisory business since the company’s inception in 2002,” Runk stated. “Our network of relationships with institutional clients and our secondary market approach to mortgage services will marry well with Global Financial Review’s long history of first-rate due diligence, forensics and regulatory compliance services. We saw this combination as one that completes both companies’ product offerings into a single source solution for clients.”
“Global Financial Review is excited to join forces with Mission Capital’s top executives to form Mission Global. With over 35 combined years of corporate expertise our integrated companies will offer some of the most comprehensive mortgage services solutions in the industry,” Staley commented. “We look forward to offering the highest level of service to existing and future clients as we grow our technologies and services.”
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
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