RealtyMogul.com has established an East coast beachfront by opening an office in New York City. Simultaneously the real estate crowdfunding platform has announced the hiring of Michelle Paretti as Senior Managing Director. Paretti will manage the New York office and will report directly to CEO and founder Jilliene Helman.
Prior to joining ReatyMogul.com, Paretti served as Senior Managing Director for the Small Balance Commercial Real Estate Finance Group at Guggenheim Partners and COO for the Guggenheim Commercial Real Estate Finance Group. Paretti managed all operational aspects of the business and constructed a fully integrated, multi-product commercial real estate lending platform that included insurance, bridge finance, conduit and agency products. She was also COO of Illiquid Alternative Investments at Credit Suisse having previously served as head of Credit Suisse’s Real Estate Finance & Securitization Group’s Small Balance Loan Program.
“I am pleased to be a part of the RealtyMogul.com team, a group which shares the same vision of the significant role technology will play in the future of the commercial real estate finance sector,” commented Paretti on the appointment. “I am looking forward to contributing to the growth of the business and supporting our valued borrowers, sponsors and partners.”
RealtyMogul.com may be the largest online real estate platform in the US today. The company recently revealed it was nearing the $200 million mark in finance. Hrach Simonian, a member of the Board of Directors of RealtyMogul.com, sees the company going to $1 billion in real estate investments in 2 to 3 years.
“Her knowledge of both the client side and the operational needs of running a business like ours are exceptional,” said Helman. “Michelle brings a wealth of operational experience in commercial real estate finance sales, funding, closing, servicing, asset management, marketing and investor reporting. She is a seasoned professional with an exceptional reputation in the industry and her experience fits well within our fast-paced and highly regulated real estate capital market space.”