CBRE Group announced that Jim Sellers, one of the area’s leading mortgage bankers, will join the firm’s Capital Markets Debt & Equity Finance Group as a Senior Vice President.
Sellers’ nearly 40 years of industry expertise will enhance the delivery of innovative financial solutions for commercial real estate investors throughout Southern Arizona.
“Jim has established himself as one of the premier mortgage industry professionals in the commercial real estate arena, not only in Tucson but throughout Arizona,” said Brian Stoffers, President, CBRE Debt & Equity Finance. “His well-established lender relationships will enable CBRE to offer additional capital sources and provide real estate investors access to the best debt structures to achieve their investment goals.”
Prior to joining CBRE, Sellers was the president and sole share holder of Heritage Advisory Corp., a full-service commercial mortgage banking company located in Tucson, where he specialized in loan origination, negotiation and placement of debt for all commercial property types.
His transaction experience includes permanent loans, acquisitions financing, construction loans, joint ventures and acquisition, with capital sources ranging from life insurance companies, to pension funds, foreign and domestic banks and securitized lenders.
CBRE has also entered into a definitive agreement to acquire a portion of Heritage Advisory’s loan servicing portfolio.
Sellers will team with First Vice President Tim Prouty, as leaders of its Capital Markets Debt & Equity Finance Group in Tucson. Joining them will be Theresa Witz, a Senior Analyst. Witz worked at Heritage Advisory since 1997, where she not only managed the office but managed the loan process from inception through the closing and post closing servicing.
“Jim is considered one of the most respected mortgage bankers in the business and a leader in the Tucson community,” said Ike Isaacson, Managing Director of CBRE’s Tucson office. “His experience, market knowledge and lengthy list of local relationships complement our team of best-in-class professionals. We are proud to welcome him to CBRE.”
