Los Angeles-based Dekel Capital has launched Dekel Correspondent Lending (DCL), which will originate balance sheet and CMBS loans for the acquisition, refinancing and recapitalization of commercial real estate assets. Additionally, Dekel Capital has hired finance experts Vishal Vanjani (pictured) as Managing Director and Ben Markiles as Associate to lead the new initiative.

“We expect to originate approximately $500 million through our DCL platform and combined with our debt advisory and JV equity services, we will help our clients manage the current crisis, take advantage of the market dislocation and prepare for the future,” said Dekel Capital Founder Shlomi Ronen.

“Unlike other correspondent programs that are generally focused on “in-the-box” financing, we will be able to originate in-house a variety of non-recourse loans with short term, floating-rate and long-term fixed-rate capital,” added Vanjani who joins Dekel Capital from CION Investments. Vanjani has originated over $15 billion and is a board member of the USC Lusk Center for Real Estate.