About UsDavid Norton - In 1995, David Norton formed the David B. Norton Inc. Company to exclusively represent the West Coast operations for Lehman Brothers Global Commercial Real Estate Group. Since that time, the Company has been involved in identifying, negotiating, and closing all types of commercial real estate finance transactions throughout the United States by working with owners and developers, and investment bankers, opportunity fund managers, private capital providers, commercial bank officers, and REIT managers. The Company brings a unique knowledge and expertise in development, law, lending, and finance to each financing transaction, utilizing an established 45 year network in real estate, closing over $2.5 billion in over 100 real estate transactions in the last twenty six years. Under Mr. Norton’s leadership, David B. Norton Inc. has developed a proven track record enabling clients to achieve their real estate finance and investment objectives. Each transaction is managed by the principal of the firm, assuring that each client receives professional representation from a seasoned and well respected company that is always on the cutting edge of the real estate capital markets. By maintaining a dedicated focus on the capital markets for real estate, the company is able to provide its clients the benefit from its unique ability to combine credit, capital, investment banking and advisory services into innovative financing solutions. In the evolving world of real estate finance, the Company has the track record and the relationships with the "Decision Makers" at the institutions, resulting in the best execution of each transaction for the client. The Company has arranged, structured and negotiated highly complex debt & equity transactions for all types of commercial income producing properties. Prior to forming David B. Norton Inc., Mr. Norton was Senior Vice President and Manager of Special Assets Division at California Federal Bank. During his seven year tenure with the California Federal Bank, Mr. Norton was responsible in establishing policy, administering and supervising a staff of 84 with an $8 Million annual budget, while servicing a $6.2 Billion loan portfolio, aggregating more than 9,300 loans. Mr. Norton directly reported to the President, Chief Financial Officer, and the Chairman of the Board, charged with the duty of early problem loan detection and optimum liquidation of problem loans and owned real estate. Through his role in managing $9.9 Billion in classified assets, (REO, REI, loans). Mr. Norton was able to improve profitability, increase liquidity, and improve balance sheet performance through reduced classified/scheduled assets, closing 2,118 REO sales totaling $1 Billion and reinstating 492 work-out loans totaling $342 Million in just three years. Mr. Norton was responsible for creating lending policy and underwriting manuals, as well as internal compliance across numerous bank lending units. Prior to his Special Assets role at California Federal Bank, Mr. Norton was also responsible for the supervision of all loans and real estate owned by California Federal Bank’s purchase of Broward Federal Savings Bank in Florida. This involved managing a $257 Million combined portfolio across 18 states. Mr. Norton is also a specialist in resolution of work-out loans, managing over $1.5 Billion in problem loans for two Texas Savings & Loan Institutions, at one point reducing one problem loan portfolio in eleven states from $250 Million to $100 Million in just twelve months. Mr. Norton’s career in real estate began in 1974 as a builder, designer, and project manager of numerous construction and development projects including office, retail, single, and multi-family housing. In 1984, he managed the successful completion of the remodeling of a $25 Million project of the 14 story One Commodore Plaza, and a 12 story combined office and parking garage. Mr. Norton is a licensed California Design and Building Contractor and a licensed California Real Estate Salesperson. He received his bachelor’s degree from the University of North Carolina, attended Lincoln Law School in Sacramento, California, and has participated in numerous real estate associations. Lew Gildred - Lew Gildred joined David B. Norton Inc. in 2007. Prior to joining David B. Norton Inc., Mr. Gildred was Vice President at Pacific Heights Holdings, a Southern California Real Estate Development firm. Pacific Heights Holdings is a venture spin-off formed in 2006 from PacTen Partners. Mr. Gildred joined PacTen Partners in 2004 and was responsible for directing the underwriting and due diligence process for multiple residential and commercial real estate projects including development. During his time at PacTen Partners, Mr. Gildred coordinated a number of real estate developments including a 40-unit condominium conversion in Monterey California, and two major condominium urban infill sites in Century City and Oakland, California. Prior to joining PacTen Partners, Mr. Gildred was the Corporate Development Director for Executive Education at UCLA Anderson School of Management. During his eight years at UCLA Anderson, Mr. Gildred consulted with numerous Fortune 500 corporations to develop unique management initiatives, matching the UCLA's breadth and depth of resources with nuanced client needs. Mr. Gildred spearheaded the rapid development of original, wide-ranging E-Business corporate education programs for a top consulting firm and a major multinational electronics manufactutere and content provided, establishing Anderson’s market presence. Mr. Gildred received his Bachelors degree at UCLA, and later received his MBA at UCLA Anderson School of Management in 2004. |
Recent ClosingsClosed a $18,750,000 Construction Loan and Equity Investment (76.0% LTC) for the Construction of a 125-Unit Multifamily Development
___ Closed a $56,031,000 Construction Loan and Equity Investment (98.2% LTC) for the Construction of a 350-Unit Multifamily Development ___ Closed a $15,500,000 Preferred Equity Investment for the Acquisition of a 722-Unit, $140,800,000 Multifamily Portfolio ___ Closed a $48,500,000 (98.5% LTC) Construction Loan and Joint Venture Equity Investment for a 342-Unit Multifamily Development ___ Closed a $34,140,000 (86% LTC) Construction Loan and Preferred Equity Investment for a 306-Unit Multifamily Development ___ Closed a $39,260,000 (98.5% LTC) Construction Loan and Joint Venture Equity Investment for a 314-Unit Multifamily Development ___ Closed a $13,860,000 Construction Loan for the Development of 109 Townhome Units ___ Closed a $1,040,000 Senior Loan for a 0.12 Acre Parking Lot Property ___ Closed a $60,000,000 Construction Loan for the Development of a 200,000 SF Retail Center ___ Closed a $13,000,000 Acquisition Bridge Loan for an 84,000 SF Office Property ___ Closed a $6,000,000 Acquisition Permanent Loan for a 63,000 SF Industrial Property ___ Closed a $10,000,000 Infrastructure Loan for a 165 Acre Development Property ___ Closed a $37,500,000 (98.5% LTC) Construction Loan and Joint Venture Equity Investment for a 340-unit Apartment Development ___ Closed a $12,450,000 Senior Loan for an 83,00o SF Office/Industrial/Flex Property |
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Contact:
David Norton - (615) 432-2064 / (310) 689-7375, [email protected]
Lew Gildred - (310) 689-7377, [email protected]
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Contact:
David Norton - (615) 432-2064 / (310) 689-7375, [email protected]
Lew Gildred - (310) 689-7377, [email protected]
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