Chicago, Illinois – NXT Capital announced today that it has appointed Jeff Teetsel to lead real estate originations in the Western U.S. He is responsible for supervising a skilled team of lending professionals, while driving first mortgage transaction growth in the region.
“Jeff’s leadership will help NXT Capital strengthen relationships with middle market real estate developers and brokers in the Western U.S.,” said Kevin Rostowsky, Senior Managing Director.
NXT’s West Coast team also includes Linda Gorbenko and Eddie Kwon, both of whom focus on originating and structuring commercial real estate debt and equity investments in the Western region.
Jeff joined the company in 2013 as an originator in the Arizona market. Previously, he owned Teetsel Properties, where he was the development partner for a large mixed-use development. Jeff was previously the southwest regional manager for Fremont Investment & Loan and its successor iStar Inc., where he focused on bridge debt originations, closing 100+ transactions totaling over $2.5 billion.
NXT Capital’s Real Estate Finance group primarily serves experienced real estate investors. It provides non-recourse floating rate first mortgages of $15 million to $75 million on value-add transactions. NXT Capital provides structured financing solutions through its Real Estate Finance and Corporate Finance groups, originating transactions on a national basis.