to Join Structured Finance Division NEEDHAM, Mass.--(BUSINESS WIRE)--June 7, 2006--CWCapital, a full-service national lender to the multifamily and commercial real estate industries, today announced that it has hired Jeffrey Baevsky as Managing Director within the company's Structured Finance division.Baevsky is a former Senior Vice President in the Real Estate Finance division of Wachovia Bank, and will be focused on originating high-yield transactions for CW.He
will be based out of New York City and Greenwich, Connecticut and will report to Kent Daiber, Senior Managing Director of CW's Structured Finance division.
brings a tremendous amount of real estate experience and a demonstrated ability to think "outside the box", which is how we distinguish ourselves in the structured finance arena.His extensive relationships in the commercial real estate world are highly complementary to our existing client base and we believe that Jeffrey
will be instrumental in helping us continue to grow our structured finance business," said Daiber.
...Baevsky is a 20-year veteran of the industry and has an impressive background in real estate finance and investment.
While at Wachovia
managed the firm's coverage of private institutional owners of real estate, including opportunity funds and pension fund advisors.In addition, he
was responsible for the origination and syndication of over $3 billion in senior debt, mortgage placements, B Note and mezzanine investments, CMBS, derivatives and a large portfolio of property mortgage loans.Prior to joining Wachovia, he served as Regional Director for Arbor Commercial Mortgage where he launched the firm's New York City Office.Baevsky is also a sixteen-year veteran of Deutsche Bank Securities where he most recently served as Managing Director within the Real Estate Investment Banking division.Mr. Baevsky graduated magna cum laude from the University of Pennsylvania with a B.S.E.E. and holds a M.B.A. from MIT's Sloan School of Management.
The hiring of Baevsky
is a significant step in CWCapital's strategic objective to further expand its structured finance business.