Skip to main content

Situs Opens Shop in Atlanta

Nov 08, 2010

The Situs Companies has announced the opening of a new office in Atlanta, Ga. headed by industry professional Tammy Ellerbe. Situs selected Atlanta for its expansion due to the high concentration of experienced industry professionals, and the number of existing clients in the region. Ellerbe will be initially looking to recruit 25 professionals with experience in commercial real estate (CRE) loan underwriting, due diligence and collateral valuation, asset management, workouts, as well as strategic disposition and real estate-owned (REO) advisory services. Situs has hired more than 120 professionals in 2010 alone, primarily in its Houston and New York offices, and North Carolina operations center. According to the company, growth has been seen across all business lines, and is driven by the massive deleveraging of commercial real estate debt market and the rebirth of commercial mortgage-backed securities (CMBS). Situs has been heavily involved in bank recapitalizations, loan valuations and restructurings, new CMBS originations, and NPL special servicing. "We are excited to welcome Tammy to the Situs family. She brings with her a rich underwriting and valuation background and over 20 years of industry experience. We are equally excited that she will be anchoring our 10th office, representing the continued growth of our integrated platform," said Steve Powel, Situs principal and chief operating officer. Ellerbe previously worked for CWCapital, as a managing director and head of underwriting for their Capital Markets Lending Business. "I am looking forward to the opportunity to establish the firm's Atlanta office. Having worked with the Situs team for a number of years, I feel like we are perfectly positioned to take advantage of the reemergence of our client's commercial real estate lending activities by providing loan underwriting and securitization support, as well as primary and special servicing," said Ellerbe. For more information, visit www.situscompanies.com.
About the author
Published
Nov 08, 2010
Rocket Companies Reports Decline in Fourth Quarter Revenue, Projects Optimism for Future Growth

Despite revenue dip, mortgage giant sees increase in market share and advances in AI technology.

Feb 22, 2024
Broker Action Coalition Unveils Inaugural Board Of Directors

Newly formed nonprofit organization BAC announces industry professionals to guide its mission of legislative change and educational initiatives in the mortgage industry.

Feb 21, 2024
GSEs Report Strong Earnings

Robust performance marks growth for both Fannie Mae and Freddie Mac, despite a dip in home purchases.

Feb 15, 2024
Friendly Competition Joins Forces

The merger aims to enhance local fulfillment and sales support, marking Guild’s sixth acquisition since 2021 and expanding its licensed originators to over 2,100 amidst a challenging market.

Feb 14, 2024
Guild Mortgage Announces Acquisition Of Competitor Academy Mortgage, Bolsters National Presence

The strategic move will see Guild Mortgage enhance its market share and become the 8th largest non-bank retail lender in the U.S., welcoming over 600 loan officers from Academy.

Feb 13, 2024
Proprietary Capital-Led Group Acquires Multichannel Lender AFR

Colorado-based fund manager Proprietary Capital finalizes acquisition of American Financial Resources.

Feb 13, 2024