Michael J. Lesser, Managing Director, is responsible for marketing and valuation of commercial mortgage loan portfolios. Mr. Lesser has overseen a significant portion of the firms more than $32 billion in commercial mortgage loan transactions.Mr. Lessers most recent assignments include managing the sale of over $2 billion of performing and nonperforming commercial loans. These loans are being sold to numerous institutional and regional/local loan to own investors. Mr. Lesser has sold over $3.5 billion of commercial and residential mortgage loans for Bank of America, Wachovia, RBC Centura, Indymac, CIBC, Citicorp, and Sanwa Bank. In addition, Mr. Lesser lead the sales of over $320 million for the FDIC and worked on the team that sold over $2 billion of loans for the RTC.Prior to joining Eastdil Secured, Mr. Lesser was a Manager at KPMG Peat Marwick. As a Manager in their Real Estate Consulting Group, Mr. Lesser completed single property valuations, as well as portfolio reviews and acquisition due diligence. Mr. Lesser received his M.B.A. from Harvard Business School and a B.S. from University of Massachusetts, Amherst. Mr. Lesser is a Licensed Securities Representative (Series 7 & 63) and a Licensed Real Estate Broker in the State of California.
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