Herbert Named Managing Director of 6/10 Capital Advisors
The 6/10 Corporation, a Winter Haven based investment company, is pleased to announce that John W. Herbert, Jr. has joined the company as the Managing Director of 6/10 Capital Advisors, LLC, a wholly-owned commercial real estate investment banking firm.
- Orlando, FL (1888PressRelease) October 19, 2010 - Mr. Herbert has over 35 years of legal, real estate, corporate and investment banking experience. He has held officer-level positions with Wells Fargo Realty Finance, Bank of America International and Realty Finance, SunTrust Mortgage and SouthTrust Bank. Mr. Herbert has underwritten and structured over $1 billion of transactions during his career. Mr. Herbert received a JD Degree from Golden Gate University School of Law in 1975 and was admitted to the California Bar in 1976. He received a MA Degree in Real Estate and Finance from the University of Florida in 2000. Mr. Herbert is also a member of the Real Estate Advisory Board of the University of Florida.
"We are pleased to have John on board," said Carl J. Strang, III, President of 6/10. "As commercial real estate lending starts to come back to life, we feel there is going to be a real need for the expertise and experience that John possesses. It's a new ballgame out there and we believe John and his associates are going to be very busy." 6/10 Capital Advisors, L.L.C. will be focused primarily on arranging long-term, fixed rate mortgage financing in the $1-10 Million range for owner-occupied commercial real estate properties including office buildings, office-warehouses, warehouses, manufacturing facilities, R&D facilities and mixed use facilities. "Our capabilities also include arranging equity capital of at least $10 Million for the acquisition and/or repositioning of office and hotel assets and portfolios in conjunction with local partners," said Mr. Herbert.
"In addition to John's mortgage brokerage activities, he will be joining the 6/10 management team and assisting us in evaluating and structuring new opportunities." says Strang.
About The 6/10 Corporation
The 6/10 Corporation is a Winter Haven, Florida based investment company. Its primary holdings are Florida commercial real estate properties and private equity positions in Florida based operating companies. The 6/10 Corporation's commercial real estate portfolio includes office, data center, industrial, retail and undeveloped land. Operating companies included in the 6/10 Private Equity portfolio include software, colocation and data center, manufacturing and IT services. Formed in 1985, 6/10 has many years of experience in the acquisition, development, ownership and management of a broad range of investments.
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