Former New York City Commercial Real Estate Financier Scoots Back to Tampa to Deliver $17.5mm … | News
Tampa, Florida, July 27, 2021 (GLOBE NEWSWIRE) – As he settles on his personal scooter between meetings in downtown Tampa, is the former New Yorker, founder of Skylatus Property Capital and Real Estate Finance guru, Randy Efron, not help but think about the immense possibilities that arise from the combination of its private equity and lending relationships in New York, and experience with real estate developers and investors in Florida.
After he rented community 126-unit building-to-had taken near Tampa recently 12 million US dollars to Bauschulden and 5.5 million US dollars of private equity capital for the foundation engineering one was Efron asked: “Why Tampa for your business” His answer: “Until more people from gateway cities like New York and Los Angeles start to think beyond South Florida, Tampa will continue to be undervalued and have more opportunities for growth. Tampa is a phenomenal city and their continued growth is inevitable. “
Efron, who originally raised in New York and in New Jersey, is the son of a blue-collar working class family. He lived in Tampa between 2000 and 2006 and then again in 2018. He studied at the University of South Florida (USF) with a bachelor’s degree in accounting and began his career at Deloitte in Tampa after his Certified Public Accountant (CPA) license to obtain. Earlier in his career when he figures at Deloitte crunch, spent every free minute Efron that he had not almost with a local Tampa real estate investor, who took him under his wing. It was then that he realized that his passion was real estate. Soon after, Efron left his job accounting and took a land acquisition and development position with Lennar Corporation, 500 Homebuilder a Fortune (NYSE: LEN) buys the lands across the Hillsborough and Pasco Counties near Tampa.
to learn with a knack for numbers and the desire of the “big wigs” of real estate financing, Efron left Tampa in 2006 and moved to Manhattan. He ended up at Trinity Hotel Investors LLC (Trinity), a private equity investment firm acquires real estate, the hotels and resorts. During his time at Trinity acquired Efron real estate, managed more than 5,000 hotel rooms in the US and Europe, completed renovation projects worth over 100 million US dollars and led by loan workouts during the Great Recession. Between 2006 and 2018 Efron worked together on all sides of the “final table” as a real estate private equity investor / owners, lenders and brokers. During this time held Efron positions at Trinity, Hudson Realty Capital (a private equity fund manager for commercial real estate), Stan Johnson Company (a company specializing in net lease real estate brokerage firm) and Walker & Dunlop Commercial Property Funding LLC (a credit platform, originally a joint venture between Walker & Dunlop (NYSE: WD) and one by an affiliate of Fortress Investment Group (NYSE: FIG) managed funds was).
As lenders borrowed Efron on all property types across the country and provided commercial mortgage-backed securities (CMBS) loans, bridge loans, mezzanine loans, preferred stock, Fannie & Freddie loans and HUD loans. While in New York, Efron also received a master’s degree from New York University (NYU) in Real Estate Finance and Investment.
2018 Efron had “in a New York Minute” a revelation. Throughout his career he had always cooperated with capital intermediaries. When he bought property, he hired brokers to procure capital, making him the customer. When he was a lender, he brought broker loan applications that made the broker to Efron’s customers. Efron realized that the vast majority of brokers with whom he collaborated, were mostly sellers, who lacked experience in private equity and lending firsthand. They had never participated in meetings of the Investment and Credit Committee and therefore did not know necessarily how investors and lenders really think. Efron’s enlightenment came, as he thought, “Because I know how equity investors and lenders think, and as I have from my time in NYC so many capital ties, the value I could add the transactions of customers could be the value of a traditional company could provide greatly exceed capital brokers, especially in a smaller market outside of NYC. I will offer what other investors do not offer and that will be my added value that sets me apart! “
Efron made his due diligence, quit his job and moved from Manhattan to Tampa to live in a city that was prepared for his vision.
Today Efron directs the resident of Tampa company Skylatus Property Capital, a brokerage firm for commercial real estate loans and investments, procured the capital for apartment buildings, residential communities, hotels, apartments, triple-net lease properties and self-storage facilities and other types of commercial properties such as office, retail and industrial properties.
The unique selling point of Efron is that he can do much more to facilitate than just the introduction for investors, as do traditional capital brokers. Because of its institutional private equity and credit background and his meticulous attention to detail from its accounting period can trust customers that Efron acts as CFO at the transaction level, caused no additional cost. Customers can use it as a traditional capital brokers, allowing them to focus their time elsewhere while it completes its existing businesses Efron more.
When asked about his personal value to the market of Tampa Bay Efron said: “I combine my institutional private equity and credit background with entrepreneurial drive to offer innovative to real estate developers and investors in Florida capital solutions.”
In his spare time combined Efron his passions for real estate and adventure by founding the Real Estate Adventure Club, a social networking club for people who are interested in commercial real estate and outdoor adventure. “My life consists of a pile of metaphorical bucket and it is important that everyone is filled by them. The Real Estate Adventure Club allows me to fill several buckets at the same time, while I’m outdoors; find new friends; experience new adventures; and finally carry out business with people who have similar interests, “Efron said. In addition to the Real Estate Adventure Club Efron turns in his spare time like educational videos about real estate real estate financing and investments. These videos can be viewed on the Skylatus site, YouTube channel, Facebook, Instagram and LinkedIn. Only audio podcast versions are also available on Spotify and Apple podcasts under the name “Skylatus Property Capital”.
To speak with Randy about debt or equity financing for your business, please visit www.skylatus.com or contact Randy directly beneath 813-515-0828 (extension 701) or [email protected].
About Skylatus Property Capital Skylatus is a brokerage firm for real estate loans and investments, which was founded by Randy Efron, a former owner and lenders of real estate private equity. Skylatus procured nation’s capital for all property types but focuses on transactions for corporate real estate developer and investor in the state of Florida and has a strong expertise in the hospitality industry and apartment buildings. Efron’s experience in the property and in lending allows Skylatus to do more for its customers than traditional financial intermediation companies normally do. Customers can use Skylatus to a much greater extent, which saves them time and money.
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Randy Efron Skylatus PR Photo
Eric Polins Skylatus 8133180565 [email protected]
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