BOSTON—Valencia Realty Capital, a provider of flexible, cost-efficient capital for independent commercial real estate investors and developers, announced that Alex Riccio has joined the firm as Director of Transactions.
“Our deal flow continues to grow monthly, and with our expanding pipeline Valencia needed to add a team member who was comfortable managing a variety of deals, working at a fast pace and under tight deadlines,” said Stephen Smeke, Managing Director of Valencia Realty Capital. “Our Business Development Director Duncan France and I thought that adding Alex’s institutional background to the team would make a huge impact to the value that Valencia continues to bring to our clients. We look forward to bringing Alex’s expertise and experience to our firm.”
Mr. Riccio is responsible for asset underwriting and transaction management where he navigates borrowers through the closing process. He helps to drive processes in arranging optimal financing terms for Valencia’s borrower clients.
Prior to joining Valencia, Mr. Riccio worked as a senior analyst in investment sales at CBRE’s Tri-State Region Institutional Sales Group based out of Stamford, CT. While at CBRE, Mr. Riccio underwrote over $2 Billion in real estate and in 2016 was part of the #1 ranked investment sales team in CBRE worldwide.
Mr. Riccio completed his undergraduate degree at Providence College where he majored in Finance and minored in Computer Science.
“I am excited to be joining the hardest working commercial real estate mortgage brokerage group in New England,” said Mr. Riccio. “Everyone at Valencia has their sights set on being the number one capital advisory group, and the results are starting to speak for themselves. Our team is here to deliver institutional quality capital advisory services to independent real estate investors and I am positive that all future and present clients will be ecstatic with the results that they receive.”