Share This Profile
Share this profile on Facebook.
Link to this profile on LinkedIn.
Tweet this profile on Twitter.
Email a link to this profile.
See other services through which you can share this profile.
This profile was last updated on 3/27/14  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Joseph C. Franzetti

Wrong Joseph C. Franzetti?

Senior Vice President

Berkadia Commercial Mortgage LLC
Local Address: New York, New York, United States
Berkadia
118 Welsh Road
Horsham, Pennsylvania 19044
United States

Company Description: Berkadia Commercial Mortgage LLC, a joint venture between Berkshire Hathaway Inc. and Leucadia National Corporation, is one of the most prominent lenders in the...   more
Background

Employment History

Board Memberships and Affiliations

Education

  • M.B.A.
    New York University
  • B.S.
    Villanova University
39 Total References
Web References
CMSA | CMSA Press Releases (1999-2004)
www.cmbs.org, 1 Jan 1999 [cached]
"As the voice of the CMBS industry, CMSA is in a unique position to respond to the market's needs in addressing the challenges, and tapping into the opportunities, of this expanding industry," said Joe Franzetti, a Director at Citigroup Global Markets and president of CMSA.
...
Highlighting the importance of the Proposed Statement's potential impact on the CMBS industry, CMSA President Joseph Franzetti said "CMBS create liquidity for long-term commercial and multifamily mortgages and real estate domestically and internationally, and the ability to achieve SFAS 140 sales treatment is critical to the efficient functioning of the CMBS market."
...
market," Joe Franzetti, CMSA President-Elect, added.
...
In addition to Ms. McAneny and Mr. Jenkins, other incoming officers include: President-Elect: Joseph Franzetti, director, Salomon Smith Barney; Vice president: Margie Custis, managing director, Principal Capital Management, LLC; Secretary: Richard Jones, partner, Dechert LLP; Treasurer: Kierran Quinn, president, Column Financial, Inc.
iCap Realty Advisors, LLC - Recent News
www.icaprealty.com, 1 June 2001 [cached]
"We're one of the conduit sources that's going to involved with iCap," says Joe Franzetti, director of commercial mortgage finance with Salomon Smith Barney in New York City.
Can capital markets rise above `soft landing?'
nreionline.com, 1 Jan 2001 [cached]
"An economic slowdown will make everyone more conservative - which means less capital to real estate," says Joe Franzetti, director in the commercial mortgage finance group of New York-based Salomon Smith Barney.
"To the extent the slowdown manifests itself in delinquencies and defaults, I would expect that many lenders would head for the hills," says Franzetti."Capital will get more scarce and expensive, and borrowers will get squeezed with less cashflow and higher borrowing costs - which probably means lower values and more credit concerns.So in the short run a slowdown will result in people realizing that trees do not grow to the sky, and the brakes will get slammed on lending programs."
If a slowdown occurs, and lenders and bondholders are not decimated as happened in the last recession, this could be a positive development, adds Franzetti.
...
Franzetti says another key CMBS development is the tendency for there to be multiple players in each deal, because no lender can generate enough product on its own."Single-property or fusion deals will become more prevalent as REITs will find the mortgage market a safer haven than unsecured debt," he says."Deal size is more likely to remain the same, if not smaller."
Since there is an administrative burden to multiple-handed transactions, there is a natural tension about the number of loans, loan size and multiple players, he says.Due to these factors, the market can expect more scrutiny from servicers as the market looks to its inevitable downturn.
Overall, industry observers are predicting, just as they did in early 2000, that demand will increase in 2001 for more floating-rate deals, where opportunities will be available in higher-risk turnaround properties.
And Franzetti says that CMBS deals will continue to all look alike as investors prefer transactions that are similar to other deals in the market."As a result, conduit lenders are going to look inwardly to revamp their operations to maximize efficiencies and profits," he says.
Last November, for example, Bank of America, decided to close more than 10 of its regional conduit operations in secondary markets to focus on its primary markets.
"Therefore, the focus will be on process and not products," says Franzetti.
...
Ultimately, Franzetti echoes what so many other industry insiders have observed the past few years - profit margins have compressed for lenders and are not likely to widen.
The result is that the lack of profit and the reduced margin for error in lending has taken all the creativity out of the market," says Franzetti.Lenders cannot afford to be different or imaginative when they are not being paid relative to the risk."As a result, conduit lenders will be more inclined to focus on the four major food groups of property types, which will be conservatively underwritten," he says.
NY Credit Advisors :: Corporate Executives
www.nycredit.com, 4 Nov 2008 [cached]
Joseph Franzetti / Managing Director
...
Prior to joining NY Credit, Mr. Franzetti was a Director at Citigroup Global Markets since 1999. In that capacity he was involved in the origination, underwriting and securitization of Commercial Mortgages on a variety of income producing properties. Prior to Citigroup, he spent 15 years with both Standard & Poor's and Duff & Phelps (now Fitch Ratings). His experience at both firms was managing the ratings of Commercial and Residential Mortgage Backed Securities and Real Estate Investment Trusts. His initial professional experience was with Arthur Andersen & Co. He is a Past President of the Commercial Mortgage Securities Association (CMSA), where he currently serves on the Board of Governors. He has served on the Commercial/Multifamily Board of Governors of the Mortgage Bankers Association. He is a founding and current member of the Board of Governors of the Chartered Realty Investor Society. He received a B.S. from Villanova University and an M.B.A. from New York University.
CMSA Press Releases
www.householddirect.com, 4 Dec 2003 [cached]
billion in size. ,As the voice of the CMBS industry, CMSA is in a unique position to respond to the market,s needs in addressing the challenges, and tapping into the opportunities, of this expanding industry,, said Joe Franzetti, a Director at Citigroup Global Markets and president of CMSA.
...
Highlighting the importance of the Proposed Statement's potential impact on the CMBS industry, CMSA President Joseph Franzetti said "CMBS create liquidity for long-term commercial and multifamily mortgages and real estate domestically and internationally, and the ability to achieve SFAS 140 sales treatment is critical to the efficient functioning of the CMBS market."
...
market," Joe Franzetti, CMSA President-Elect, added.
...
In addition to Ms. McAneny and Mr. Jenkins, other incoming officers include: President-Elect: Joseph Franzetti, director, Salomon Smith Barney; Vice president: Margie Custis, managing director, Principal Capital Management, LLC; Secretary: Richard Jones, partner, Dechert LLP; Treasurer: Kierran Quinn, president, Column Financial, Inc.
Other People with the name "Franzetti":
Other ZoomInfo Searches
Accelerate your business with the industry's most comprehensive profiles on business people and companies.
Find business contacts by city, industry and title. Our B2B directory has just-verified and in-depth profiles, plus the market's top tools for searching, targeting and tracking.
Atlanta | Boston | Chicago | Houston | Los Angeles | New York
Browse ZoomInfo's business people directory. Our professional profiles include verified contact information, biography, work history, affiliations and more.
Browse ZoomInfo's company directory. Our company profiles include corporate background information, detailed descriptions, and links to comprehensive employee profiles with verified contact information.
zirhbt201304