Savills Studley has formed a capital markets group staffed by Patricia Earnest, Stephanie Lynch, and Lindsay Stroud of PRC Real Estate Investment Banking. They are joining as senior managing directors.
The group will be based in the local area, but will service clients nationwide. Savills Studley has two other capital markets groups under its umbrella, one in New York City and one in Los Angeles. The New York City group primarily works on local deals, while the one in Los Angeles focuses on international capital and to a lesser extent, national deals.
"We will be offering structured finance, raising debt and equity for owners and developers," Lynch tells GlobeSt.com. Products will include recapitalizations, new acquisitions and ground up development. The group is already working with Savills Studley colleagues on two transactions, she says -- an office refinance and a hospital project, which are located in the District and the Caribbean.
The expectation is that the platform will expand into all of the major US cities, Earnest tells GlobeSt.com. "There are also a lot of cross-border relationships that we plan to leverage."
The group is ramping up hiring, with plans to add analysts and associates right away.Savills Studley Forms Capital Markets Group
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