Prospect Ridge appoints Mestel as managing director and co-head of credit strategies

Manhattan, NY Prospect Ridge appointed Michael Mestel as managing director and co-head of the firm’s credit strategies platform. Mestel will lead the credit business alongside Robb Milne, who has played a pivotal role in scaling Prospect Ridge’s equity and credit capabilities since the platform’s inception.

Mestel brings more than two decades of commercial real estate investment experience across origination, structuring, and asset management. He most recently served as managing director and co-head of H.I.G. Real Estate Credit, U.S., where he was responsible for all aspects of credit investing nationwide. His prior roles include senior positions at Affinius Capital (formerly Square Mile Capital), Citigroup, and Rialto Capital Management.

“We’re thrilled to welcome Michael Mestel to the Prospect Ridge team,” said Brahm Cramer, co-founder and co-chief investment officer of Prospect Ridge. “His deep credit expertise and strong industry relationships will play a key role in advancing our platform.”

Jay Nydick, co-founder and co-chief investment officer, said, “Michael’s track record and strategic insight align with our long-term vision for growing our credit business. We’re confident he will enhance our ability to deliver tailored capital solutions to borrowers looking to finance their transitional real estate assets.”

With a team of over 40 experienced professionals and $6.8 billion of investor capital raised across equity and credit vehicles, Prospect Ridge has built a reputation for its rigorous investment approach and commitment to long-term value creation. Since inception, Prospect Ridge and its predecessor entities have completed more than 100 real estate investments totalling over $13 billion.