The Indianapolis office of Marcus & Millichap Capital Corp. announced that Standard Insurance Co. (The Standard) has appointed Alec Neesham of MMCC as its correspondent mortgage banker for the state of Indiana. The Standard recently announced its entrance into Indiana’s commercial real estate lending markets and Neesham will be the only mortgage banker based in Indiana to represent The Standard for commercial real estate loan originations throughout the state.
The Standard specializes in commercial real estate loans that typically range from $750,000 to $20 million. Property types include retail, office, industrial, multifamily, self-storage and manufactured housing communities. It originates all loans through correspondent mortgage bankers like Neesham.
Neesham, Prior to joining MMCC in Indianapolis, worked extensively with The Standard and other lenders as part of Pinnacle Financial Group in Cleveland, Ohio. Pinnacle Financial Group was acquired by MMCC in 2018.
In addition to originating loans, MMCC will continue to provide mortgage servicing for all of the loans it closes with The Standard. MMCC oversees a servicing portfolio of over $2 billion for many types of lenders, including life insurance companies, pension funds, and CMBS lenders. Borrowers find significant value in having MMCC as their advocate throughout the life of their loan.