Co-leaders of a highly successful multifamily debt and structured finance team based in Houston
Generated the highest volume of any capital markets team across the Newmark platform in 2021
Vice Chairmen Purvesh Gosalia, Tip Strickland and David Schwarz co-lead a highly successful multifamily debt and structured finance team based in Houston, Texas. During the past 15 years, the team closed more than $17 billion, representing more than 100 clients.
Newmark’s Houston Capital Markets team consists of seasoned mortgage bankers that have each been procuring capital for commercial real estate for a collective 45 years. Gosalia, Schwarz and Strickland collectively originated or facilitated the placement of more than $5 billion of debt in the 2021 calendar year, the highest volume of any capital markets team across the Newmark platform.
This originations volume comprised 109 acquisitions, 18 refinances, and three construction loans for a total of 130 transactions with 41 distinct capital providers including debt funds, Freddie Mac, Fannie Mae, life companies and banks. The team’s efforts benefitted 66 borrowers in 17 states. Additionally, the total volume generated in 2021 represented a 165% year-over-year increase of 2020’s $1.9 billion volume.
These are some of the reasons we selected Gosalia, Strickland and Schwarz for inclusion in the Connect CRE Top Mortgage Brokers and Lenders Awards. These awards recognize industry professionals who have demonstrated the highest standards in commercial real estate finance.
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