Cantor Fitzgerald, which announced plans to add 1,000 new employees this year, announced today that it was expanding the firm's commercial real estate business in California and other West Coast market.
Kenneth Margala, who worked in the Commercial Mortgage Backed Securities, bridge and mezzanine financing area of UBS, has been hired as a director in Cantor Commercial Real Estate and is based in Newport Beach, California.
Margala will be focused on loan origination and help expand the firm's West Coast business. He'll report directly to Chief Executive Officer of Cantor Commercial Real Estate, Anthony Orso.
"We look to further build our commercial mortgage lending and securitization business," said Mr. Orso. "Kenneth's appointment not only strengthens our capabilities but also demonstrates our commitment to providing our clients with unparalleled commercial real estate services in key markets."
Prior to UBS, Margala served as a Regional Manager for the Merrill Lynch and Goldman Sachs conduit groups.
Cantor Commercial Real Estate (CCRE) is an affiliate of Cantor Fitzgerald providing financing solutions to the real estate capital markets. CCRE originates competitively underwritten fixed- and floating-rate mortgages and mezzanine loans secured by diverse asset types in most major U.S. markets and is capitalized by institutional sponsorship including affiliates of Cantor Fitzgerald & Co.