The senior executive joins from Ares Management
Hunt Mortgage Group has announced that it hired Precilla Torres as senior managing director and head of its proprietary lending group.
Hunt Mortgage Group President and Chief Investment Officer Jim Flynn said Torres will be responsible for overall lending and program goals for the business unit. Torres will also direct the marketing of the platform to borrowers, investors, and rating agencies and coordinate originations, screening, underwriting, closing, asset management, capital markets, and other activities related to proprietary or balance sheet loans and investments.
She will be based in the firm's New York office and will report to Flynn.
"Precilla has the right blend of skills and experience to take on the role of managing our important balance sheet loan business," Flynn said. "She is known for her ability to work closely with clients to find creative solutions to all their financing needs. We are confident that under her leadership the proprietary lending group will flourish in all regions."
Torres was most recently co-portfolio manager and co-head of the CMBS platform at Ares Management. Also, she was previously the head of capital markets of the commercial real estate debt group. Earlier in her career, Torres held various senior leadership positions covering loan and structured product platforms at firms including Citigroup, Lehman Brothers, Credit Suisse, Hudson Realty, and NewOak Capital.