As part of its plan to launch a commercial mortgage-backed securities (CMBS) lending platform, Lev, the commercial real estate (CRE) financing platform known for its online commercial mortgage origination API and digital loan closing technology, has named Wayne Potters as managing director and head of CMBS.
Potters will assist Lev in its mission to digitize and streamline commercial real estate transactions, with a focus on digital and automated commercial real estate loan securitizations.
Prior to joining Lev, Potters launched and built the CMBS business as managing director and head of commercial mortgages at Société Générale, a European leader in financial services for over 150 years. Over the course of his career, Potters has been involved with the origination and securitization of over $40 billion of loans. Potters has worked with both large and small real estate investors to obtain financing including Blackstone, Vornado and Simon Property Group. He previously led RBS’s commercial real estate group, and before that worked at Fortress, Merrill Lynch and CSFB in various senior roles.
“It speaks volumes that someone like Wayne, who built the CMBS business at a $1.7 trillion-dollar bank, has gravitated to Lev and our mission to improve CRE. To say we’re excited is an understatement,” said Yaakov Zar, CEO and founder of Lev. “Wayne’s experience encompasses working with some of the most prolific banks and borrowers in the industry. With his background having launched various CMBS businesses and his knowledge of tech’s impact across banking, we’re poised to launch a lending experience and securitization product not currently offered by anyone else in the market.”
