About Us
Gramercy Capital Corp. (NYSE: GKK) is a national commercial real estate special finance company organized as a real estate investment trust (REIT). Sponsored by SL Green Realty Corp. (NYSE: SLG), Gramercy was formed in April 2004 to provide customized commercial real estate finance products to sophisticated property investors in markets throughout the United States. Gramercy is headquartered in New York City and has a regional investment office in Los Angeles.Gramercy's senior management team, which has more than 40 years of experience in commercial real estate finance, is committed to providing best-of-class service at every point in the value chain: origination; underwriting; negotiation; transaction execution; and loan servicing.
Gramercy originates and acquires a range of loan products intended to assist its clients in achieving their financing and liquidity needs quickly and cost-effectively, with professional execution and a continuing commitment to quality client service.
Gramercy's clients include public and private property owners, financial institutions, mortgage brokers, and other intermediaries.
For more detailed information regarding Gramercy's product offerings, real estate professionals, Company history, investor relations information, career information, or to contact a Gramercy real estate professional, please explore this website.
Management
Roger CozziChief Executive Officer
President
Roger Cozzi is President & Chief Executive Officer of Gramercy Capital Corp. Roger joined Gramercy Capital Corp. in October, 2008. Prior to joining the Gramercy team, Roger was Managing Director at Fortress Investment Group, LLC. From 1998 to 2007, Roger held progressively senior roles, including Chief Investment Officer from 2006 to 2007, at iStar Financial Inc., a publicly traded real estate investment trust focused on the financing of commercial real estate. While at iStar Financial, Mr. Cozzi was responsible for the origination of structured financing transactions and he successfully closed over $3 billion of first mortgage, mezzanine and corporate finance investments. From 1995 to 1998, Roger was an investment officer for Starwood Mezzanine Investors and Starwood Opportunity Fund IV. Prior to his tenure at Starwood, Roger served at Goldman Sachs from 1992 to 1995 in the real estate department where he primarily focused on securitizing and selling investment grade and non-investment grade securities backed by pools of commercial mortgages, evaluating performing commercial mortgage loans for potential principal investment by the Whitehall funds and consulting large corporate tenants on lease alternatives. Also at Goldman, Roger worked in the investment management group, where he worked on several merger transactions, created a conduit to lend directly to mutual funds, and helped create a vehicle to securitize 12b-1 financing fees.
Roger Cozzi holds a BS in Economics from The Wharton School of the University of Pennsylvania.
Robert R. FoleyChief Operating Officer
Bob Foley is Chief Operating Officer of Gramercy Capital Corp. Prior to assisting in the launch of Gramercy Capital Corp. in July 2004, Bob was co-director of Goldman Sachs & Co.'s real estate mezzanine and high-yield lending programs, which involved up to $1.5 billion of committed capital. Previously, Bob was responsible for the capital commitments, pricing, and distribution of floating rate senior and mezzanine real estate loans originated by Goldman, Sachs & Co. Prior to joining Goldman Sachs in 1997, Bob held a range of senior real estate capital markets and strategic advisory positions with BT Securities Corporation (now Deutsche Bank) and Touche Ross & Co. in New York, Los Angeles, and San Francisco.
Bob earned a BA in Economics and Political Science from Stanford University and an MBA from The Wharton School of the University of Pennsylvania. Bob is a certified public accountant, a Governor of the Commercial Mortgage Securitization Association (CMSA), and a member of a range of real estate industry trade groups.
John RocheChief Financial Officer
John Roche is the Chief Financial Officer of Gramercy Capital Corp. A seasoned Chief Financial Officer with an impressive REIT and real estate background, Mr. Roche is ideally suited to guide the newly combined entity into its next phase of growth as an integrated commercial real estate finance and property investment company. Before joining Gramercy, from 2000 to 2007, Mr. Roche served as Executive Vice President & Chief Financial Officer at New Plan Excel Realty Trust, one of the nation's largest real estate companies with over 450 shopping centers encompassing more than 65 million square feet. While at New Plan, Mr. Roche oversaw the issuance of $2 billion of debt and equity and facilitated acquisitions and dispositions of assets in excess of $5 billion and $700 million of redevelopment projects. Mr. Roche departed New Plan upon the closing of its sale to Australia's Centro Properties Group.
Mr. Roche received a Bachelor of Arts in Accounting from Queens College, City University of New York in 1984 and an MBA from the Executive Program at Columbia Business School, Columbia University in 1996. He is a certified public accountant.
Our Manager
Gramercy Capital Corp is externally managed and advised by GKK Manager LLC, a majority-owned subsidiary of SL Green. GKK Manager is responsible for administering Gramercy's business activities and day-to-day operations and using the administrative resources of SL Green to enhance our operations for the benefit of our borrowers and our shareholders.Initially, our Manager is responsible for originating all of our assets. We expect our Manager to take advantage of the broad network of relationships established by its senior management team and by SL Green Realty Corp. over more than two decades to identify outstanding investment opportunities. GKK Manager will utilize its extensive network of relationships with property owners, developers, mortgage loan brokers, commercial and investment banks and institutional investors throughout the United States. With offices in New York and Los Angeles staffed with experienced commercial real estate lenders committed to providing responsive, thoughtful and efficient financing to sophisticated entrepreneurial borrowers, Gramercy is developing a national lending portfolio. Additionally, Gramercy expects to form strategic partnerships with best-in-class commercial real estate owners and lenders.
History
Gramercy Capital Corp. was formed in April 2004 and completed its initial public offering of stock on August 2, 2004. Gramercy Capital Corp. was formed to assume, and then expand to a national scale, SL Green Realty Corp.'s structured finance lending business, which was established in 1997. Since then, SL Green has invested in 34 discrete structured finance transactions totaling $665 million, primarily in the New York metropolitan area and primarily involving office and retail property. Gramercy Capital Corp. will provide senior and subordinate financing secured by all types of commercial real estate, especially retail, multifamily, industrial, lodging and office.Our Investment Philosophy
Gramercy Capital Corp. intends to originate structured real estate finance investments where it believes it can utilize its capital, market knowledge, extensive experience in evaluating real estate risk, and familiarity in employing a wide range of financing structures, to create tailored financial solutions to client problems that also fulfill Gramercy's mission of generating appropriate risk-adjusted returns for its shareholders.Gramercy has the experience, capitalization and national reach to provide one-stop financial solutions to borrowers seeking to acquire properties, refinance existing property investments, or fund property renovations or repositionings in all major geographic markets and all property types, including office, retail, apartments, industrial, hotel, and select categories of special-purpose real estate.
Gramercy is experienced in originating or acquiring:
- First Mortgage Loans
- Subordinate Interests in Whole Loans (B Notes)
- Mezzanine Financing
- Preferred Equity
- Bridge Loans
- Permanent Loans
Commercial Real Estate Finance Product Offerings
Transitional Mortgage LoansAmount: up to $100 million
Loan to Value Ratio: up to 90%
Index: 1MO LIBOR
Amortization: Variable
Property Types: CBD and suburban office, neighborhood and community retail, apartments, industrial, lodging, and residential conversions
Geography: All major US markets
B Notes
Amount: up to $75 million
Loan to Value Ratio: up to 75%
Index: 1MO LIBOR
Amortization: Variable
Property Types: CBD and suburban office, neighborhood and community retail, apartments, industrial, lodging, and residential conversions
Geography: All major US markets
Mezzanine Loans
Amount: up to $75 million
Loan to Value Ratio: up to 85%
Index: 1MO LIBOR
Amortization: Variable
Property Types: CBD and suburban office, neighborhood and community retail, apartments, industrial, lodging, and residential conversions
Geography: All major US markets
Preferred Equity Investments
Amount: up to $50 million
Loan to Value Ratio: up to 90%
Index: 1MO LIBOR
Amortization: Variable
Property Types: CBD and suburban office, neighborhood and community retail, apartments, industrial, lodging, and residential conversions
Geography: All major US markets
Opportunistic Investments
Sub-performing and non-perfoming loans, note purchase financings, net lease investments,and other special situations.
To discuss your unique financing requirements with Gramercy, or to
learn more about Gramercy's value-added approach to commercial real
estate finance, please contact:
| Gramercy
Capital Corp. |
||
| 420 Lexington Avenue | 11726 San Vicente Boulevard, Suite 235 | |
| New York, NY 10170 | Los Angeles, CA 90049 | |
| Telephone: 212-297-1000 | Telephone: 310-207-1100 | |
| Fax: 212-297-1090 | Fax: 310-207-1195 | |
|
John B. Roche Chief Financial Officer 212-297-1038 john.roche@gkk.com Laura Godfrey Investor Relations 212-297-1018 laura.godfrey@gkk.com |
Michael Nagin 310-207-1255 michael.nagin@gkk.com Philip Orosco 310-207-1399 philip.orosco@gkk.com |
|
Employment Opportunities
Associate, Gramercy Finance
SUMMARY:
Gramercy Capital Corp. seeks an experienced Associate to join its Loan Servicing and Asset Management Group at Gramercy Finance in New York to provide primary servicing and special servicing for its $2.2 billion commercial real estate loan portfolio.
RESPONSIBILITIES:
- Management of 6-10 loans, including monthly balancing, loan fundings and repayments, and assessment of monthly operating performance of underlying property
- Preparation and monthly maintenance of rent roll, Argus models analyzing asset profitability.
- Confirmation of cash flow waterfalls, loan reserve balances, and borrower and guarantor covenant compliance
- Periodic revaluation of underlying collateral using discounted cash flow and sales comparables
- Management of borrower relationship
- Coordination with accounting, treasury and capital markets
QUALIFICATIONS:
- B.S. or B.A. degree in Accounting, Real Estate, Finance or related disciplines
- 3+ years of experience in loan servicing, asset management, workouts, originations, or syndications
- exceptional analytical, financial modeling, written and oral communication skills
- demonstrated ability to multi-task and handle responsibility under deadlines
- intellectual curiosity
SKILLS:
- Advanced Excel, Argus, Word, Access, and PowerPoint
- Familiarity with mortgage loan documents
- Strong quantitative and qualitative analytics
- Problem solving
- Self-motivation, determination and initiative in a team environment.
- Positive attitude
- Ambitious, energetic, and open to learning, growth and development.
COMPENSATION: Commensurate with experience.
Interested and qualified candidates should e-mail a resume to: Lisa.Paterson@gkk.com.