Denver-based Allonhill, an independent third-party review firm specializing in mortgage due diligence and credit risk management, is expanding its presence in commercial mortgages. The company is developing a push into commercial due diligence, including a key hire to lead the new offering. “Our unmatched expertise in mortgage due diligence and credit risk management, coupled with some of the best commercial real estate talent around, will provide valuable support for investors and issuers of commercial mortgage-backed securities (CMBS) as this market re-emerges this year,” said Sue Allon, CEO and founder of Allonhill. “Thorough due diligence performed by independent third-party review firms will help restore investor confidence in this severely deteriorated sector.” Allonhill hired CMBS veteran Ross Gammill to direct the firm’s new commercial due diligence offering, the company said Thursday. Gammill brings more than seven years experience in the financial services industry. Most recently he served as underwriter for Bridger Commercial Funding, where he underwrote more than $400m in commercial bonds. The frozen CMBS market showed recent signs thawing in April, with the first new-issue CMBS in nearly two years. Allonhill noted that deal flow in the near term is expected to lag considerably from the market high of $232.4bn in 2007. Write to Diana Golobay.
Allonhill Expands into Commercial Mortgage Due Diligence with Key Hire
May 21, 2010, 10:54am
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
Most Popular Articles
Latest Articles
From resilience to antifragility: Rethinking cybersecurity for real estate and mortgage professionals
In information security, we’ve long spoken about resilience. The goal has been to withstand an attack, recover quickly, and return to business as usual. But in today’s environment—where attackers adapt and evolve daily—resilience is no longer enough. We must go further. We must embrace antifragility.
-
From local to global: RE/MAX’s Chris Lim on the next era of real estate relationships
-
Stop marketing like it’s 2008: You’re invisible
-
RE/MAX accelerates real estate innovation with AI and technology
-
Retirement plans for small-business owners have visible generational gaps
-
VA loans rise as housing market shifts toward buyers
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
