Noel Cain has joined Chicago-based The BSC Group, a commercial real estate financing advisory firm, as a vice president to help support the company’s recently formed alliance with 1st Service Solutions, a Dallas-based loan restructuring organization. Building on his previous experience in underwriting, cash-flow modeling, due diligence and site analysis, Cain advises BSC clients on debt and equity financing as well as loan-workout services for all commercial property types.
Cain’s professional experience includes loan and credit underwriting positions at LaSalle Bank and Dominion Bond Rating Service. Most recently, he worked in the Chicago loan production office of Dexia Real Estate Capital Markets. He earned a bachelor's degree in real estate and urban land economics from the University of Wisconsin-Madison and is a member of the Wisconsin Real Estate Alumni Association.
Last month BSC announced a marketing alliance with 1st Service Solutions to exclusively promote its loan-restructuring services to self-storage owners and investors nationwide. 1st Service Solutions was the country’s first firm to serve as a borrower advocate in loan restructuring and assumptions for commercial mortgage-backed securities borrowers. Since its formation in 2005, the firm has resolved more than $2 billion in loan restructures and more than $1.7 billion in assumptions for clients.
The BSC Group offers financial and loan advisory, mortgage brokerage and workout solutions to commercial real estate property owners and investors, with a special emphasis on the self-storage market.