Mortgage Bankers Association of New York Appoints New Officers

New York, NY, Nov 19, 2008 - /FLIERWIRE/-- The Mortgage Bankers Association of New York, Inc. (MBA of New York), a professional group dedicated to promoting the welfare of the commercial real estate industry, recently announced the designation of three new officers - president, vice president and treasurer - for a two-year term.

Michael Hurley, Jr., Esq, was elected president of MBA of NY. Hurley previously served as vice president for two years. He has extensive experience in commercial real estate finance representing commercial lenders in various financial transactions including bridge loans, mezzanine loans, construction loans, and permanent loans intended for securitization, syndication, participation or sale in the secondary mortgage market. Currently, Hurley is a partner at the law firm of Cassin & Cassin LLP.

"It's a great honor to be a part of this organization and to be honored with this leading role," Hurley said. "MBA of NY is so important, especially in times like these, when staying in touch with other professionals within the industry is vital for sharing information and keeping current with the current state of business. In my new role here, I hope to be able to lead this organization and make this a great channel for professionals to gather and share, particularly through the many networking and informative events we have planned for the near future."

Michael Fletcher was elected vice president of MBA of NY. Previously, Fletcher served as the treasurer of the MBA of NY. Currently, Fletcher serves as vice president and senior relationship manager at Washington Mutual (WaMu) in the commercial real estate lending group. Since joining WaMu in 2002, Fletcher has been responsible for the origination and closing of term, construction and bridge loans secured by commercial and multi-family properties in the northeastern United States. Prior to joining WaMu, he spent 11 years at The Dime Savings Bank of New York, where he was first involved in portfolio and problem asset management including workouts, restructures and foreclosures before returning to commercial mortgage loan origination.

"There are a lot of great possibilities and opportunities that MBA of NY offers professionals and I am glad that I can be a leading figure in this organization," Fletcher said.

Vincent Nicoletta, Esq, was elected treasurer of MBA of NY. He previously served as the chairman of the group's educational board. Nicoletta is a founding principal of Greenberg Nicoletta & Stein, LLP, a full-service boutique real estate law firm based in the Grand Central District of Midtown Manhattan. Nicoletta's practice focuses on financings, acquisitions, dispositions, development projects, joint ventures and office and retail leasing. He represents a wide range of clients, including lenders, institutional investors, landlords, owners and developers. Prior to forming Greenberg Nicoletta & Stein, Vincent practiced with Sidley Austin Brown & Wood and Herrick Feinstein in New York.

"When I joined MBA of NY, I was impressed with all the opportunities it presented," Nicoletta said. "More than networking, we are a cohesive group of professionals that share knowledge and understanding of our profession. I am constantly amazed at the opportunities that present themselves and am pleased to serve this organization as an elected officer."

Mortgage Bankers Association of New York, Inc.
Mortgage Bankers Association of New York, Inc. is the only statewide organization in New York that is recognized by the national Mortgage Bankers Association. Since 1948, MBA of New York has represented the commercial and multifamily real estate financial industry and has offered its members opportunities for networking, education and advocacy in a variety of political and business arenas. A broad spectrum of firms and individuals comprise the membership of MBA of New York, including mortgage bankers and brokers, commercial and investment banks and other institutional lenders, title companies, attorneys, accountants, appraisers and environmental services firms.

For more information, please visit www.mbany.org.


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