Summit Real Estate Advisors Inc.
is a New York-based commercial real estate mortgage brokerage firm founded and led by Gregory J. Porter. Gregory previously had an extensive 20-year commercial real estate lending career working for various national lending platforms, serving as former Director and Senior Underwriter for Deutsche Bank, AG, former Vice President and Senior Underwriter for JPMorgan, and former Director and Chief Underwriter of Barclays PLC with a $100.0 million funding signature authority.
Over the course of his lending career, Gregory
has closed over $4.0Bn in commercial real estate mortgages and has significant experience in both stabilized, fixed-rate loans as well as land, construction, and value-add bridge loans. Gregory has experience in financing multifamily properties, manufactured housing communities, retail, office, and industrial properties, as well as full-service and select-service hotels. Gregory also has extensive experience in financing self-storage properties and is a regular contributor to Inside Self Storage Magazine, CCIM’s CIRE Magazine, and was awarded as one of Institutional Investor News’ 20 Rising Stars of Real Estate in 2008.
Frank Miller - Senior Vice President
Mr. Miller formally served as President of F.S. Miller Inc., where he specialized in raising equity and financing of commercial properties, net leased and bank owned real estate. Miller has closed over 250 million in transactions and is experienced in the sale and repositioning of commercial real estate properties. Prior to starting F.S. Miller Inc. he served as the vice president of the Carlton Group (an investment bank in NYC) and Senior Vice President of STV Corporation (a privately owned real estate investment company). In addition, he assisted in the acquisition of over $40 million in commercial properties. Miller earned a Bachelor of Science in Business Administration from Empire State College - State University of New York. He also received a diploma in real Estate Finance and Management for his continuing education at New York University.
Summit was formed based on the realization
that most commercial real estate mortgage brokerage firms do not provide their clients with mortgage debt professionals that have former lending experience. The experience gained from working at institutional lending platforms not only provides an intermediary greater insight into how lenders behave at different stages of the lending process but also during various circumstances and ultimately represents the most effective requirement in achieving successful outcomes for their clients - competency. In addition, some mortgage brokerage firms only focus on institutional clients or have minimal loan size requirements, Summit is dedicated to providing all eligible borrowers access to institutional loan products, which are available starting at $2.0 million.