News: Brokerage

Trump Financial appoints Holmes director of business development

"Trump Financial has hired Richard Holmes, to spearhead the expansion of the mortgage bank and lending company into 14 key urban markets over the next 12 months," said, David Brecher, president and CEO. Holmes will be responsible for procuring locations and participating in the recruitment of loan officers, initially in Chicago, Las Vegas, Los Angeles and San Francisco, in addition to recently opened offices in Bethesda, MD and Hallandale, FL. In New York City, the organization, which launched the Trump Financial brand in March 2007, will continue to do business under its affiliate, First Meridian Mortgage, a long-established leader in the greater Metro area. As the Trump Organization's preferred lender, Trump Financial will open its first regional offices in areas where the developer has a concentration of residential projects. Holmes will be instrumental in launching the brand in the various cities. "Our highly recognizable name and strong business model have already generated interest about Trump Financial in many of the primary urban markets," said, Holmes. "My goal is to reinforce our core teams of experienced professionals by providing great locations and staffing the offices with loan officers committed to our collective vision." Holmes' background includes banking and fixed income positions with UBS, Fremont Investment & Loan and MLN USA. Originally from Hyde Park, N.Y., he majored in business and marketing at SUNY Oswego.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,