Stronghill Capital Appoints Jack M. Cohen President and Chief Innovation Officer
AUSTIN, Texas--(BUSINESS WIRE)--Feb 3, 2020--
Stronghill Capital (“Stronghill” or the “Company”), a small-balance commercial real estate lender offering borrowers a predictable process that leads to reliable results, is pleased to announce that commercial real estate finance veteran Jack M. Cohen has joined the Company as President and Chief Innovation Officer, effectively immediately. Mr. Cohen brings nearly 40 years of direct, relevant experience to the job, enabling him to offer fresh, informed and creative insights as a leader.
In this role, Mr. Cohen is focused on enhancing Stronghill’s value proposition and growing its origination platform. This includes the implementation of innovative new processes, strategies and policies aimed at driving technological and loan ecosystem efficiencies, empowering associates, fueling product innovation and attracting top talent. In addition to benefiting borrowers, these changes serve to create a more powerful and reliable offering for Stronghill’s Channel Partners and Capital Partners. These partners rely on the Company to achieve their desired outcomes.
“Stronghill has built a successful lending platform and I look forward to building on this solid foundation and fostering innovation in a manner that’s value-additive to all of the Company’s constituents,” said Mr. Cohen. “We will do this by applying tomorrow’s thinking to yesterday’s business model. I have found this forward-looking approach to be highly effective at identifying and eliminating barriers to efficiency and effectiveness, improving the customer journey, strengthening relationships and enhancing our service proposition. In summary, we plan to create an even more reliable enterprise that is attuned to and supports the important, strategic initiatives of our customers.”
Before joining Stronghill, Mr. Cohen served as Managing Partner at 3650 REIT, a nationwide commercial real estate lender originating and servicing portfolio loans, and will remain an advisor to the company as Vice Chairman. He will also continue to lead private investment firm Darkknight Ventures, which provides intellectual and economic capital to help entrepreneurs optimize their business journeys. Prior to that, Mr. Cohen was CEO of Cohen Financial, a national real estate capital services company, which he recapitalized six times between 1998 and 2013. He sits on the board of several leading finance and technology organizations including CRESimple, Hillcrest Capital Partners, Ascot, B&E Net Lease, Forum Real Estate Group and Academic Approach. Mr. Cohen has also held several professional affiliations including Association President of Chartered Realty Investor and Commercial Real Estate Finance Council, The Commercial Real Estate Finance/Multifamily Board of Governors of the Mortgage Bankers Association and at one time sat on the big board at Mortgage Bankers Association.
John Eisinger, CEO at Stronghill, stated, “Jack is a visionary in our industry who is known for challenging conventional thinking, building strong relationships across the real estate industry, and managing a culture of accountability and reliability. We couldn’t be more excited to have him on our team and look forward to benefiting from his experience, candor and management philosophy. Together, we are embarking on a new decade that we intend to be defined by sustainable growth, enhanced service and more opportunities for our valued associates and clients.”
Mr. Cohen will be hosting an invitation-only roundtable discussion on the state of the lending industry at the MBA Commercial Real Estate Finance/Multifamily Housing Convention and Expo on Tuesday, February 11th, at 9:00am in the Seaport Ballroom C room at the Manchester Grand Hyatt in San Diego, California.
About Stronghill Capital
Stronghill Capital (“Stronghill”) is a small-balance commercial real estate lender offering brokers, correspondents, Channel and Capital Partners and borrowers a predictable process that leads to reliable results. The firm’s partners can rely upon Stronghill to help execute their own strategic initiatives better, faster and more effectively. Stronghill offers multiple loan programs for investment residential, multifamily and commercial properties, and has been lending to real estate investors since 2007. Its mission is to help mortgage brokers, business owners and real estate owners grow through education, innovation and real estate-backed loans.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200203005108/en/
Greg Michaels and Jason Chudoba, ICR for Stronghill Capital
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY HUMAN RESOURCES FINANCE BANKING SMALL BUSINESS PROFESSIONAL SERVICES RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: Stronghill Capital
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PUB: 02/03/2020 09:00 AM/DISC: 02/03/2020 09:01 AM