Commercial Real Estate Direct.com
First Financial Network Inc. has opened up shop in Manhattan, putting it physically closer to conduit lenders and their service providers, many of which are increasing their use of the secondary loan-sales market.
The Oklahoma City loan-sales specialist has hired Stephen D. Quinn, a 20-year financial industry veteran with experience in the valuation and management of performing and nonperforming commercial mortgages, to head up the office.
Quinn most recently was a senior analyst and partner with Noroton Capital Management, a Darien, Conn., hedge fund. He previously was with Merrill Lynch, where he handled the origination and underwriting of commercial mortgages. And he was also with Deutsche Bank, focusing on asset-backed financing. He started his career at Fleet Bank.
“Steve brings a wealth of experience in the financial services arena, which is key to our expansion strategy and to providing continued best in class services to our clients,” said Bliss Morris, founder and chief executive of First Financial.