Veteran finance professional aims to grow origination team and scale platform for rapid growth
Concord Summit Capital, LLC, a leading intermediary between sponsors and providers of commercial real estate capital, has hired industry veteran Manny Brown as its Chief Operating Officer.
Brown has led successful market-share growth at private and public companies spanning multiple industries. Immediately prior to joining Concord Summit, he was Chief Operating Officer & President of Plum Lending and before that, COO & President and partner of Cohen Financial, which is now part of Truist. He has worked in commercial real estate finance since 2007.
Concord Summit, which was formed at the height of the pandemic by industry veteran Kevin O’Grady, is based in Miami with offices in New York, Denver, Los Angeles, and New York. Its platform of debt and equity advisors/loan originators specialize in formulating complex capital structures and providing capital to CRE owners and developers.
“We are extremely pleased to add Manny Brown to the executive team,” said Kevin O’Grady, partner and chairman. “He has more than three decades of experience supporting and growing organizations in various industries, like Concord Summit, which provide the best quality products and services to their clients with the highest level of execution. Together, we helped build the Cohen / Pilar platform at Guggenheim which resulted in a successful sale to SunTrust (now Truist) in 2016. We have been a very good team in the past and I look forward to repeating that success.”
The company’s goals are to increase the size of its production and advisory team, add new products and services, and grow revenues over the next three years. Concord Summit Capital has more than 3,500 lender, investor, and insurance platform relationships. It specializes in advising clients on real estate financing solutions and capital structures, and negotiating and closing senior debt, mezzanine and equity financing.
“I am so pleased to be part of Concord Summit and look forward to helping the company achieve its growth objectives over the next few years,” said Brown. “They are a nationally recognized commercial real estate platform with some of the best talent in the industry. I hope to build off the foundation that Kevin and his team have already formed and help take the company to new heights.”
O’Grady has led Concord Summit Capital since its founding in 2020. He has financed more than $25 billion in the structured finance space as an advisory since 2002. His experience accounts for 10 million square feet of commercial mixed-use development as well as developing over 25,000 residential units and 13 golf course communities as a senior officer of public development companies, prior to entering the finance business.
About Concord Summit Capital
Concord Summit Capital is a leading intermediary between sponsors and providers of capital for commercial real estate debt and equity financing. CSC provides three independent services across its investment platform. The Concord Summit Capital Advisory Team provides fee-based advisory services for debt and equity transactions for commercial real estate capitalizations, ranging from $3 million to $1 billion. The Advisory Team has arranged over $27 billion of debt, structured financing, and equity. The Concord Summit Capital Investment Team acquires distressed assets and non-performing loans from all banks and financial institutions across the nation. The Concord Summit Capital Fund Team invests in commercial real estate debt and equity structures in transactions ranging from $2 million to $35 million. For more details, please see www.concordsummit.com
