Metropolitan Capital Advisors is a member of the Real Estate Capital Alliance (“RECA”).
RECA is a professional association of 14 independently-owned commercial real estate finance intermediary firms located across the U.S. The purpose of RECA is to allow our members to better serve their Clients by providing access to a wider breadth of financing relationships that can follow a transaction to any market in the country.
RECA members share up-to-the-minute capital market information via a proprietary database. Moreover, RECA members exchange specific transaction information to assure every prospective financing request is presented to the most viable sources of capital, whether the assignment is debt or an equity placement (or anything in between).
RECA members are carefully recruited and evaluated by our Membership Committee to ensure that they are highly experienced commercial real estate financiers that add value to the overall association via experience with a variety of property types, deal structures, and capital provider relationships. Most of our members have at one time or another been associated with large national platform brokerage / finance companies but otherwise prefer to serve their respective clients via a more hands on, entrepreneurial, and client-centric culture versus the national operators.
Most certainly, capital providers have taken note of RECA. During 2012, RECA members closed a combined $1.8 billion of commercial real estate finance transactions. This represents a collective closed production level that would rank RECA in the Top 15 finance intermediaries in the country. Our weekly conference calls feature guest speakers and provide immediate access to an audience of over 40 finance brokers so that capital providers can present their latest programs and deal structures.
The best test of the “Power of RECA” comes when individual members reach out to the RECA Group for assistance on specific transactions. For example, Metropolitan Capital recently had a build-to-suit project in California that needed to be placed with a lender on behalf of a Texas-based developer client. A morning inquiry to RECA resulted in an introduction to a Southern California bank by lunch time with an issued Term Sheet by late afternoon. Now that’s powerful!
To learn more about the Real Estate Capital Alliance, visit the RECA website at www.reca.us.