Originators Kenneth Margala and Ernie Iriarte have left CCRE and joined IH Capital.
They’ll open a West Coast office next week for the conduit-lending shop, a partnership between Iron Hound Management and BNY Mellon. The Irvine, Calif., outpost will be the third regional office for New York-based IH Capital, after Dallas and Charlotte.
Margala and Iriarte report to CMBS lending chief Chuck Wolter. At CCRE, Margala was a managing director and Iriarte was a vice president.