JEMB Realty, a real estate owner, developer and management company, has launched Basis Investment Group LLC to capitalize on the unprecedented opportunities in the debt market. Finance veteran Tammy K. Heyman, who previously directed CWCapital's fixed- and floating-rate Capital Markets Lending Division, will serve as president of the new venture.
Basis Investment Group is a debt investment platform that acquires and originates high-yield performing and distressed whole loans, mezzanine loans, B notes, gap equity and select commercial mortgage-backed securities investments on behalf of its clients. In addition to debt investment, Basis Investment Group will provide origination, lending and underwriting support to third parties on a separate account basis.
Heyman and the Basis Investment Group management team have originated and securitized in excess of $30 billion of fixed-rate, floating-rate and mezzanine debt products over the last decade, the company notes.
SOURCE: JEMB Realty