Tower Capital Expands into California, Adds Senior CRE Finance Capital Markets Leaders, Opens New Office in Los Angeles

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The latest additions boost its newly-formed, retail-focused, Capital Markets Group to five members, led by Geoffrey Harris, who arrange capital for clients across multiple markets including California, Texas, and the Sun Belt.

Tower Capital, a leading capital advisor in CRE finance, expanded with a new team in California, adding three capital markets leaders and opening a new office in Los Angeles.

The latest to join in California are Alex Chenarides, who will serve as Senior Vice President, Monica Pendergast, who joins as a Transaction Manager, and Adam Folz, who joins as a Capital Advisor. The Capital Markets Group also includes Tanner Johnson, a Vice President. The expansion in California follows Tower Capital’s growth in Texas, where it opened a Dallas office earlier this year, and expansion in Denver in 2022.

Tower Capital’s Adam Finkel, CCIM, Managing Partner and Co-Founder, said, “The expansion into California marks a significant milestone for Tower Capital, and continues to build on our growth in Texas, as well as Denver. In a span of a few months, we have strengthened our team overall with the addition of five respected CRE finance leaders and broadened our reach into key markets in California, Texas, and other parts of the country.”

Tower Capital’s close connections with capital sources and deep understanding of structured financing for CRE allows the firm to achieve remarkable results despite market challenges. A banking crisis and rising interest rates created a volatile and uncertain capital markets environment over the past several years, causing overall contraction to spread across the financial markets and further constrained credit markets.

Tower Capital’s Kyle McDonough, Managing Partner and Co-Founder, added, “Tower Capital continues to achieve growth as a result of our acute focus on arranging a wide array of debt and equity for sponsors who need it to advance their business plans. Clients appreciate our experienced team and institutional approach to CRE financing, though we continue to foster an entrepreneurial culture that is agile and approaches transactions with an eye towards innovation.”

Alex Chenarides
Alex Chenarides is based in the firm’s Los Angeles office and handles commercial real estate finance assignments for net lease, multi-tenant retail, and multifamily assets across California. He previously served at Slatt Capital for nearly two decades and brings 24 years of commercial real estate finance experience to the company in roles as an investor, lender and mortgage banker. Chenarides has executed in excess of $3 billion in loans over his career encompassing all CRE property types while utilizing a full range of funding sources such as banks, debt funds, and life insurance companies.
Monica Pendergast
Monica Pendergast is a Commercial Real Estate Loan Closing & Servicing Specialist who brings more than 20 years of finance experience to her role at Tower Capital. Most recently, she served as a SBA Disaster Loan Servicing Specialist with the US Small Business Administration. Earlier in her career, Pendergast spent nearly 15 years as a loan closing manager in commercial real estate finance.
Adam Folz
Adam Folz joins as a Capital Advisor, with close to a decade of experience in the industry. He specializes in the origination and underwriting of loans for investors seeking structured financing on apartments, office, industrial and retail acquisitions for both stabilized properties and redevelopment opportunities. Folz works closely with high-net-worth individuals to develop long term financing strategies and managed the closing process for complex transactions.

The new Tower Capital office in California is located at 1801 Century Park East, located on the 24th & 35th Floors in Los Angeles, California.

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