Manhattan, NY Development firm Silverstein Properties has promoted Shawn Katz to lead its lending platform, Silverstein Capital Partners. Katz takes over from Michael May, who is stepping down from his role as president of the company to pursue other interests.

In making the announcement, Lisa Silverstein, who serves as CEO of Silverstein Properties, said: “I am delighted that Shawn will lead Silverstein Capital Partners as the platform continues to grow. Over the past six years, he has done a terrific job helping us manage and expand this business. I would also like to thank Michael for his great work launching and building the platform. Thanks to their efforts, we have raised over $5 billion, and financed a number of iconic development projects across the United States and overseas.”

Established in 2018, Silverstein Capital Partners provides senior loans, bridge loans, subordinate loans, and rescue capital to borrowers on shovel-ready ground-up construction, heavy value-add repositioning, land, and inventory loans on completed condominium projects. The platform focuses on residential, industrial, residential, retail and office properties.

In addition, the company has promoted Tyler Hasemann to managing director. Hasemann, who joined Silverstein Capital Partners in 2019, will continue to be responsible for sourcing and executing credit investment opportunities in his new role.

“I am honored to lead this terrific company, and to continue working with our wonderful team, colleagues, investors, partners, and borrowers,” said Katz. “I am grateful to Silverstein Properties for their unwavering support, and to Michael May for his leadership over the past six years. I am eager to expand our successful lending platform into a market currently facing a notable supply-demand gap in real estate financing.”

Katz was previously senior managing director of Silverstein Capital Partners. He joined the company shortly after its inception in 2018, and was actively involved in managing all aspects of the business including originations, execution, portfolio management and investor relations.

Prior to joining Silverstein, Katz was managing partner and co-founder of KUB Capital, where he led the company with an emphasis on acquisitions, investment strategy, capital markets and financial management. Before co-founding KUB, Katz was senior vice president at Rosemont Realty, where he managed the company’s acquisition department and was a member of the company’s investment committee.