HREC Capital Markets Team
Mike Armstrong - Principal
Email: [email protected]
Phone: 760-931-5606
Mike Armstrong is a Principal and head of HREC's® capital markets practice. A 35-year hotel industry veteran, Mike brings extensive experience in debt & equity financing, hotel real estate sales, development, acquisitions, dispositions, and hotel management to his leadership role with the company. Prior to HREC®, Mike was the founder and CEO of Neptune Hospitality Advisors where he directed the company's advisory activities, including raising debt & equity capital, investment sales brokerage, and asset management services. Previously, he held executive positions with Insignia/ESG, Hotel Partners, and Metro Hotels. Over his career, Mike completed over $2.5 billion in real estate sales and financing. Mike is a California licensed real estate broker and a graduate of the University of North Texas where he earned a BBA with concentrations in Real Estate and Finance.
Gregory Porter - Managing Director
Email: [email protected]
Phone: 949-500-7314
Greg Porter is a Managing Director and dedicated mortgage and structured finance specialist within HREC’s capital markets practice. Greg is a +20 year commercial real estate finance veteran with extensive experience in fixed-rate, floating-rate and mezzanine lending with over $1.6 billion in financings completed. Greg owned and managed his own mortgage brokerage firm and held loan officer positions with lenders MC-Five Mile Capital, Merrill Lynch, and Bear Stearns dating back to 1997. Greg has extensive experience in single-asset and portfolio acquisition, refinance, and recapitalization financings applying senior, subordinate, and preferred equity strategies. Greg began his career as a commercial real estate appraiser with a regional appraisal firm and then as a Senior Real Estate Analyst with the Arthur Andersen real estate advisory practice in Los Angeles. Greg holds a Bachelor of Science degree in Business from the University of Southern California and is a licensed California Real Estate Broker.
Joe O’Loughlin – Senior Vice President
Email: [email protected]
Phone: 617-733-1658
Joe O’Loughlin is a Senior Vice President in the HREC Investment Advisors Capital Markets Group. Joe is based in Boston where he is a trusted client advisor for hotel debt and equity matters. Joe has 35 years of experience in commercial real estate and hotel finance including 23 years with Wells Fargo Bank where he was a founding member of the Hospitality Finance Group. While at Wells Fargo Joe had credit and line responsibility for East Coast institutional hotel clients with average total commitments >$1 billion. Responsibilities included the sourcing, underwriting and closing of large senior/secured/structured hospitality loans for balance sheet hold and syndication. Loan types included pre-development, construction (ground up and conversion), acquisition/renovation and mezzanine financing. Focusing primary on the eastern United States, Joe’s relationship base includes family owner/operators/developers, institutional management companies, private equity funds, life insurance companies and REITs.
Bhavesh (B.J.) Patel - Senior Vice President - Investment Sales/Capital Markets
Email: [email protected]
Phone: 404-940-5108
With over 20 years of dedicated real estate experience in the hotel industry, and a lifetime in the hotel world, Patel previously was managing director at a national, boutique real estate capital advisory firm specializing in lodging. At this firm, Patel participated in the highlight sales of the Marriott Saddle Brook, in Saddle Brook, New Jersey and The Yachtsman Resort in Myrtle Beach, South Carolina, and many premium branded select service assets. Prior, Patel was senior managing director at Newmark, where his transaction involvement included the Trypp Hotel Downtown Savannah, the RL Baltimore, the Courtyard Columbia Downtown at USC. In total, Patel has been involved in over $1.5M billion in investment sales throughout the U.S., across all property types and various complex dispositions, including REO, receivership, partially constructed assets, C of O deals, land, etc. Patel brings operational experience to his toolbox, having also worked at various family operated properties, at the 510-room Hilton Atlanta Airport, as the assistant director of finance and chief accountant, and with NYLO Hotels as development manager, where he was involved with everything leading up to construction permitting phase. He has further experience with the Procaccianti Group, as an associate on the acquisitions team. Having graduated from Clemson University with a double Bachelor of Science in Finance and Business Management, Patel also has an MMH from the Cornell University School of Hospitality Administration, with a concentration in real estate. Other than Broker Life, his other passions are travel, the gym, spending time outdoors, and his family.