Paradigm Commercial Real Estate marks 10th anniversary

Paradigm Commercial Real Estate celebrates its 10th anniversary of service to the nation's commercial real estate sector. Founded in December 1999 as Paradigm Funding Group, Paradigm has grown from a modest operation serving the tri-state area, to a nationally recognized firm. Under the direction of it founder, Michael Edery, Paradigm's borrower and lender network has grown, so that it now includes the most respected names in the industry; representing publicly traded REITs as borrowers, and a myriad of different lenders. "In that we deal with absolute integrity, often foregoing potential fees in the interest of what is right, we have been recommended over and over by clients and lenders alike, which largely served as the basis for our expansion" said Edery. "I look fondly, or maybe not so fondly, at the days when we were financing smaller apartment buildings in NYC, and compare them to the very large transactions which we have closed for our clients; from Blue Island Illinois, to Macon Georgia, to Akron Ohio, to Pasadena Texas, and I am thankful for our magnanimous growth" said Edery. Like many of Paradigm's peers, over this past decade, Paradigm has closed deals of varying natures, with varying lenders all across the capital stack; mezzanine loans, CMBS loans, balance sheet loans, preferred equity etc. equally as diverse, were the properties financed; skilled nursing and assisted living facilities, multifamily complexes, mobile home parks, industrial, etc. The most quirky of loans ever to present itself to Paradigm, was a quarry. In addition to financing, Paradigm has brokered the sale of thousands of residential apartments, as well as many tens of thousands of retail and commercial square feet. Using its wide client base, sales have sometime been as easy as a telephone call. Total transaction value is in the neighborhood of $2.5 billion. In looking forward to the next decade of service, Paradigm looks back to draw upon their experience and history, to create a successful business model for the future. Although Edery had large plans for a 10th anniversary party, in light of the general economic situation, Edery will be focusing on fundraising for a Teens-at-Risk Charity in which he is involved, that is hosting a sports memorabilia auction in mid-March.