NEW YORK, NY, JULY 11, 2005 – The Lightstone Group, a national real estate investment company based in Lakewood, New Jersey, recently appointed Russell Feder, an experienced loan originator, to the position of Senior Vice President of its affiliate, Park Avenue Funding, LLC. In this capacity, Feder will be responsible for originating short- and mid-term bridge loans for commercial real estate transactions in the New York, New Jersey and Connecticut regions. Feder will also target additional geographical markets to spur further growth and expansion for the leasing institution.
“In the same way I can’t stop buying great properties, I can’t stop hiring great people,” said David Lichtenstein, chairman and principal of The Lightstone Group.
“We are delighted to bring Russell on board with our world-class team of professionals,” said Aryeh Friedman, president of Park Avenue Funding. “His experience and ability to quickly analyze and close loan opportunities has already proven to be a tremendous asset to our firm.”
Feder joins Park Avenue Funding from Gala Resources, LLC, a short-term mortgage specialist company, where he served as a loan originator. In this role, Feder was responsible for loan origination and due diligence for high-yield, short-term bridge loans. In addition, Feder negotiated real estate opportunities, developed a broker and borrower network and coordinated all aspects of loan due diligence and closing. Feder, who has extensive career experience in New York City, previously spent several years at TCRM, a mortgage-banking firm, where he originated hard money loans and arranged their sale to end investors.
Feder holds a Bachelor of Science in Biology from the University of Albany. He also previously served in the Israeli Defense Forces.
