Trez Capital, a private real estate lender helping to build better communities across North America, promoted Ben Jacobson to Managing Director of the Florida office. Jacobson previously served as a Vice President, Origination. In his new role, he will continue to be responsible for generating new debt and equity deals for the Eastern U.S. division.
Since the start of 2021, Jacobson has originated more than $250 million in loan value. Most recently, he landed a $75.2 million construction loan for a 354-unit luxury apartment community in Sarasota called SOTA 75 and a $64.7 million loan for a 293-unit rental project in Dania Beach, Florida called The Elevate.
Prior to joining Trez Capital in 2016, Jacobson gained experience in the industry at two other capital market firms as an analyst and underwriter, working on more than $3 billion worth of deals.
“Ben has been a tremendous asset since joining Trez Capital five years ago as an associate,” said Brett Forman, Executive Managing Director, Eastern U.S. “He has played a big role in helping us grow our book of business, and I anticipate big things out of him in the future. His promotion is well-deserved.”
In addition to Jacobson’s promotion, Trez Capital added two more originators to the Eastern U.S. division, which is based in Palm Beach, Florida. Michael Allen and Bob Dockerty both serve as Associates, Origination and are responsible for sourcing new business.
Trez Capital provides short-term debt and equity financing typically between six months and 36 months in term ranging from $5 million up to $100 million in loan value. Trez Capital is on pace to originate about $2 billion in loans by year’s end, with approximately $800 million in value being produced from the Eastern U.S. division, which includes the Palm Beach office and one in Atlanta, Georgia.
In March, Trez Capital hired Caperton “Cap” Putt to lead the Atlanta office as Managing Director, Origination, and subsequently added Ryan Hodgdon as Vice President, Origination.
“Our success this year is largely driven by the boom in residential construction coupled with having the right talent on the ground,” Forman said. “We continue to focus on communities with high job growth where most of the new development is taking place. As the market continues to do well, we will continue putting the right people in place to take advantage of the opportunities.”