CBRE has acquired boutique commercial real estate finance and consulting firm Capstone Financial Solutions, for an undisclosed sum. The acquisition boosts the firm’s presence across the Midwest as well as its proprietary IT with a work-flow technology platform, to reduce the loan closing times for clients.
Capstone Financial Solutions was founded in 2008 and today has six locations across the US. The company provides commercial real estate financial services, including commercial bank consulting and debt relocation services across the US for a wide variety of business types, including, among others, retail, multi-family, self-storage, industrial, manufactured home community, ground-up development, and mixed use properties. The firm’s clients include LoopNet, The New York Times and NNNEX.com. Capstone Financial Solutions is led by Principals Jon Faulkenberg, one of the firm’s co-founders, and Shawn Givens.
The acquisition boosts CBRE’s presence in the debt and structured finance and consulting market, by, among others, adding Capstone Financial’s proprietary work-flow technology platform – which offers clients a reduced processing time on commercial loans – to the firm’s offering to clients across its network. Faulkenberg and Givens will become Executive Vice Presidents at the firm. The value of the deal was not disclosed.
“Combining with CBRE is an ideal situation for us and our clients,” says Faulkenberg. “CBRE’s high-quality, full-service offering will ensure our clients have a one-stop shop for all of their commercial real estate needs.”
Givens says that the firm is "very excited" about the increased opportunities due to being part of CBRE. He adds, "The same high level of service our clients have come to expect will be enhanced by the products and services we will be able to offer as we grow our national team as part of CBRE. We look forward to the future and growth of the combined firm.”
Last month CBRE bought Floored, a New York-based real estate ground plan visualisation developer for an undisclosed sum.