A&E Real Estate Unveils New Mortgage Lending Arm

A&E Real Estate today announced the formation of A&E Real Estate Finance, a debt financing platform led Joseph E. Fingerman, an industry veteran with more than two decades of experience across the sector.

AEREF will initially concentrate on issuing first mortgage loans for multifamily rental buildings located across the New York Metro region. Backed by large institutional investors and A&E Real Estate’s insights as one of the region’s largest multifamily owners and operators, AEREF will source, originate and service each of its loans from start to finish.

AEREF has built a 20-person team with industry-leading expertise in loan sourcing, underwriting and servicing.  The team is actively sourcing a number of first mortgage loans on multifamily buildings and portfolios owned by legacy owners and other long-time multifamily operators across the Metro region.

Founded in 2011 by Douglas Eisenberg, John Arrillaga, Jr., and Wendy Eisenberg, A&E Real Estate has grown from a single 49-unit building in Fort Greene to more than 20,000 Bronx, Manhattan, Brooklyn and Queens apartments currently under management. Its extensive multifamily portfolio ranges from 10-unit rentals in Brooklyn to 1,200-apartment communities in Kew Gardens Hills and Harlem’s Riverton Square.

“As a fully integrated real estate firm with a portfolio of apartments across a diverse range of New York City residential neighborhoods, we will bring real-time market data and insights to bear, which gives the AEREF team an inherent advantage as they source and underwrite deals,” said A&E Real Estate President Maggie Brunn. “We have known Joseph and his team for more than a decade. The business they built was solid and highly respected. I believe that together, we are well-positioned to help fill the void left by the recent pullback in lending by regional banks.”

“This is an exciting moment in my career to connect our real estate lending acumen with A&E’s on-the-ground knowledge of running properties,” added Fingerman.  “There is a tremendous need for private credit as the banking system goes through its challenges, and AEREF is the next step towards transforming traditional real estate lending.”

Fingerman comes to AEREF from Signature Bank’s successful Commercial Real Estate Group, where he led a team of veteran professionals dedicated to lending for multifamily, mixed-use, retail and office properties as well as new construction and note financing.  Fingerman began his commercial real estate career at Commercial Bank of New York and later became a key member of the highly successful real estate lending group at North Fork Bank. He currently serves as a board member for a range of professional organizations and has received numerous awards recognizing his expertise and successes.

About A&E Real Estate 

A&E Real Estate was founded in 2011 to invest in multifamily properties in the New York City Metropolitan area with a primary focus on workforce housing. With more than 20,000 apartments, A&E performs direct asset management, property management, and construction management for its entire portfolio, with a belief that no third-party manager will bring the same degree of focus and attention to detail.

A&E’s commitment to provide a high level of service to its residents reflects the philosophy that both owner and resident have a mutual long-term interest in preserving the city’s multifamily residential stock. The residents of A&E’s properties comprise the backbone of New York City’s economy. Police and fire personnel, train and bus drivers, hospital workers, teachers and banquet managers are all included among the residents of A&E’s properties.