Investment Executive Albert Rex Appointed to Sterling Mortgage Income Fund
Sterling Global Financial, an award-winning financial services provider with more than US$9 billion in assets under administration and management, announced the appointment today of finance and equity executive Albert G. Rex to its Sterling Mortgage Income Fund Board of Directors.
“Albert Rex brings a wealth of experience almost unmatched in his range of expertise,” said David Kosoy, Chairman of the Board. “Over the past 40 years, he has steered more than $15 billion in financing and equity solutions to commercial real estate developers and owners. I’ve known him for over 25 years and his understanding of the investment industry and experience on various key real estate and planning boards results in him being one of the best directors a company can have. We are delighted that he has joined one of the fastest growing segments of our expanding company.”
In his role on the Sterling Mortgage Income Fund Board, Mr. Rex will help develop policy for the Fund that provides financing for large hotel renovations, luxury condominium development, complex multi-use construction projects and land acquisition for urban development. Sterling Mortgage Income Fund has won numerous awards and earned prestigious industry-wide recognition. Most of its real estate financing is in the English-speaking Caribbean though it has provided funding for projects in Boston, London, Miami and the U.K.
Based in Fort Lauderdale, Mr. Rex joined Walker & Dunlop in 2012. Since beginning with Travelers Insurance in 1977 Mr. Rex has been involved in over 1500 loans totaling over $15 Billion in transactions. Mr. Rex spent the majority of his career as a managing partner with Carey Kramer a company he helped found in 1983 and ultimately owned solely from 2001 until he merged it with Collateral Real Estate Capital in 2005. Collateral was sold to and merged with Laureate Capital, LLC in 2007, to form Grandbridge Real Estate Capital, LLC, a whole owned subsidiary of BB & T. He is a graduate of University of Florida with a degree in Finance and Real Estate and serves on their Real Estate Advisory Board. He is also an active member of the Mortgage Bankers Association (MBA), Urban Land Institute (ULI), International Council of Shopping Centers (ICSC), and National Association of Industrial and Office Properties (NAIOP), where he has served as President of the South Florida Chapter. He was recently appointed to the Board of Big Rock Partners Acquisition Corp a NASDAQ-listed company (BKPA).
Sterling Mortgage Income Fund (SMIF) is the flagship debt investment fund managed by Sterling Global Financial. SMIF has over $110M in assets under management. Focusing on multiple exit strategies, borrowers with strong track records and disciplined leverage levels, the fund offers investors a strategy that delivers consistent returns with enhanced protection of investment principal.