Managing Director
Mr. Iriarte brings over 30-years of commercial real estate and finance experience to Lido Capital.
Prior to joining Lido Capital, Mr. Iriarte held a senior originations position with various national capital market groups including Cantor Fitzgerald, 3650 REIT, Goldman Sachs and Bank of New York.
Mr. Iriarte has been personally responsible for the underwriting, origination, management, and disposition through securitization, sale, or refinance of several billion in CMBS, mezzanine, and bridge financings. His forte has been originating/brokering complex commercial real estate transactions.
Mr. Iriarte began his career at CBRE where he was responsible for maintaining the firms Wall Street/CMBS relationships.
Mr. Iriarte has extensive experience in valuing distressed institutional commercial real estate portfolios having worked on FDIC and institutional workout assignments for various consulting groups. His experience involved evaluating and grading institutional real estate portfolios as well as developing recommendations for restructuring best case dispositions of individual assets.
Mr. Iriarte received a B.S. in Finance from the University of Southern California.
Phone 949-922-7200
Managing Director
Mr. Margala is a 30-year seasoned real estate professional with a diverse background in loan origination real estate finance and project analysis supported by public accounting experience early in his career.
His experience as a senior tax consultant and auditor for a Big Four firm as well as CFO for a major real estate company provided him a solid foundation for proficiency in commercial real estate due diligence and underwriting.
Ken has a proven record of origination, underwriting and funding of conventional and innovative structured finance and capital market structures.
Over a 30-year period, Mr. Margala has been personally responsible for the underwriting, origination, management, and disposition through securitization, sale, or refinance of several billion in CMBS, mezzanine, and bridge financings.
Mr. Margala has organized, established, and managed regional origination and underwriting operations in the US Eastern and Western Regions of several funding institutions including Merrill Lynch, Goldman Sachs, UBS, and Cantor Fitzgerald. He possesses a large database of existing borrowing relationships with an excellent reputation in the mortgage banking and brokerage communities.
In the workout arena, Mr. Margala has extensive experience in in valuing distressed institutional commercial real estate portfolios having worked for the Resolution Trust Corporation (RTC), FDIC and various consulting groups. His experience involved evaluating and grading institutional real estate portfolios as well as developing recommendations for restructuring best case dispositions of individual assets.
Mr. Margala is experienced in the design and implementation of loan underwriting models, and the origination and securitization process with extensive knowledge of underwriting standards. He is credited with developing the underwriting loan analysis and evaluation model which became the standard underwriting model utilized by many institutional lenders, due diligence evaluators and rating agencies.
Mr. Margala attended Stanford University on an Academic/Athletic Scholarship, graduating with a BA in Economics and was a member of two Rose Bowl teams. He also attended California State Polytechnic College in the MBA program.
Phone 949-278-4243
Managing Director
Brent Wessel brings over 25 years of industry experience and has been involved in over $22B in real estate transactions nationally including multi-market portfolios, single assets of class A, B, and C properties for both securitization and portfolio lending.
Previous Experience: includes, Cantor Fitzgerald – CMBS loan origination team, Pillar Finance - Red Capital Group - Head of CMBS loan originations, MMC Group - Senior Asset Manager, RBC Capital Markets - Regional Director of CMBS lending and securitization and GE Capital Real Estate - Regional Director of CMBS lending and securitization.
Mr. Wessel has been responsible for supervising the restructuring and disposition of performing and non-performing assets for the FDIC receivership in multiple states. Mr. Wessel has served on credit committee and structured loan sales team.
Education: Mr. Wessel holds a BA and MBA from the University of Redlands and Advanced Business
Management degree from the University of California, Riverside.
Industry Involvement: MBA, CMBA, Mortgage Bankers Assoc. SSA, ISS and ULI.
Phone 714-356-6229
Email bwessel@lido-capital.com
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