We are happy to announce that Cadmiel Feliz has become part of our team!
Cadmiel was named the CRE Lending Director in October 2021. Previously he served as Assistant Vice President of Corporate Lending at Banco Sabadell from March 2019 to October 2021 where he structured and underwrote over $1 billion in loans to large cap corporates in the Americas and Spain. Prior to Sabadell, Cadmiel served as an investment banking analyst at Barclays Investment Bank covering the global industrials sector.
Mr. Feliz has experience structuring and evaluating large-scale and complex credit transactions in addition to providing technical analysis on debt/equity capital raises and both buy-side and sell-side M&A transactions. Mr. Feliz holds a bachelor’s degree in Finance from Rutgers University and has cleared the CFA level 1.
- Cadmiel, we are very excited to have you in our team! I was wondering if I could get some of your wisdom! Do you mind if I ask you a couple of questions?
No, please go ahead!
- Where do you see the commercial moving in terms of real estate asset valuation?
Despite the effects of the recent downturn and the global pandemic, valuations for commercial real estate properties in the United States continue to recover, though unevenly across property types and geographic markets. Strong demand for housing, e-commerce, and now working from home, valuations for CRE properties in self-storage, multi-family, retail, industrial, and even data centers is on the rise and is expected to further increase. These types of commercial real estate properties are red hot and have proven to be the most profitable so far this year. As we adjust to a new normal, these trends are and will continue to be a primary driver of CRE valuations.
- Do you feel like Florida is still undervalued based on the current economy?
Florida’s real estate market has been one of the biggest beneficiaries of the pandemic attracting residents for its warm weather, low taxes, and relative lack of crowds. With certain exceptions in Miami, Florida real estate remains an excellent opportunity for profitable real estate investment. Florida markets like Orlando, Tampa, Lakeland, Ocala and a number of others, are seeing growing populations, increased job opportunities, and expanding tourism. Prices in these areas still offer investors great value opportunities, while benefiting from positive secular growth trends.
- What advice would you give young professionals looking to expand their reach and grow their business?
My advice to young professionals would be to work extremely hard to develop expert levels of competency in their field, in addition to this, I would advise to never jeopardize their character and integrity. When you couple honest hard work and good character, you can rest assured that you will expand, grow, and surely be successful.