expansion of the bank’s market footprint. de Ona has also played
an integral role in developing new deal structures to finance the
acquisition of distressed bank notes for commercial real estate
institutions and high-net-worth individuals. This has positioned the
bank to grow into its next phase.
In 2017, at the age of 38, de Ona was named president of
Centennial Bank South Florida’s Miami-Dade County office. As
president, he is focused on loan and deposit growth, loan structuring, maintaining stringent underwriting standards, conducting
due diligence, and maintaining credit culture and risk appetite.
Before approval, every one of the bank’s loans crosses his desk for
a final review.
de Ona made a name for himself out of the 2008 financial crisis.
He employed creative financing solutions to support borrowers’
needs, and as a result, many of the Miami real estate market’s most
significant players were able to reenter the field. In the decade
since, his innovation hasn’t waned. He continues to unite partners
to accomplish a wide variety of real estate deals. His current mission has been aimed at connecting developers and government
agencies to form public-private partnerships to bring affordable
and student housing to the market with a financing structure that
is beneficial to all sides in the deal.
His client commitments and proven strategy have helped him to
earn a long list of honors. He was named an up and comer in both
Lifestyle Magazine and South Florida Business & Wealth; 40 Under 40
in South Florida Business Journal, and he was named Banker of the
Year in 2012, 2014, 2015 and 2016 by Stonegate Bank.
As an active community member, De Ona served on the Florida
International University’s Advisory Board from 2010 to 2017, where
he promoted the university and helped secure scholarship fundraising. He currently serves as a board member for the Lil’ Abner
Foundation, which provides support for underprivileged kids.
He has an MBA and a Bachelor’s degree in business administration from Florida International University.
At the budding age of 27, Mitch
Paskover launched Continental Partners
to focus on creating a debt and equity
finance solutions that will benefit both
borrowers and lenders. As a result, he
has focused on nurturing relationships
with both parties. Since its inception in
2006, the company has originated $6
billion in transaction volume for more
than 250 commercial properties—
becoming one of the leading mortgage
banking firms in the nation, despite launching just before the 2008
financial crisis. Continental Partners provides loan amounts from
$2 million to $200 million, working across asset classes throughout
the US and with a special focus on the Western US.
In 2018 alone, Continental Partners completed $400 million in
transaction volume, and in the last three years, it has built an
impressive portfolio of real estate financing solutions for clients.
Some of the firm’s top deals include the $54 million fixed-rate,
non-recourse, interest-only refinance for the Ritz-Carlton Rancho
Mirage, a 244-room luxury resort in Rancho Mirage, CA; a $20.5
million in fixed-rate, non-recourse refinancing for the Sheraton
Garden Grove-Anaheim South Hotel, a 285-room hotel near
Disneyland; four financing transactions totaling $38.1 million for a
12-unit portfolio totaling 210 units in Los Angeles; and the $21.4
million refinancing of two shopping centers, a 152,719 square-foot
shopping center in Sacramento and a 149,620-square-foot, retail
property in Los Banos, CA. The firm also secured $74 million to
refinance a permanent construction loan for the Atlantic Times
Square mixed-use property in Monterey Park, CA. The loan from
start to finish was closed in 30 days, and represents a significant
accomplishment for the company.
While Paskover, who is the president and founder of Continential
Partners, is committed to securing creative solutions to financing
needs, he is also an active investor. He is the co-founder and man-
aging partner at Trion Properties, a firm that invests in value-add
multifamily properties on the West Coast, giving him a unique
market perspective as both a player and capital advisor.
Through Continental Partners, Paskover is a member of the
Mortgage Bankers Association and the National Multifamily
Housing Council. Continental Partners is also on the advisory
board of the Jewish Federation’s Real Estate & Construction
Division. Paskover and many Continential team members are also
committed to mentoring the youth in the community. He coaches
little league games and other activities targeted toward encouraging and inspiring the youth.
Ethan Penner has become an eminent
figure in the commercial real estate
finance industry during his 35-year career.
He is best known as a pioneer in the creation of the commercial mortgage-backed securities, or CMBS, market
during his tenure at Nomura Securities.
While this propelled him to acclaim, it
certainly isn’t a standalone accomplishment. Penner also served as the president
of CBRE Capital Markets, a debt platform
that manages more than $600 million in capital from both private and
institutional sources. His numerous accolades have earned him a
place on the list of the US Real Estate Industry’s 100 icons of the
20th century and on Real Estate Forum’s list of the Real Estate Industry’s
65 living legends in its 65th anniversary issue in 2011.
So what does a living legend do next? By 2015, Penner had
launched Mosaic Real Estate Investors, a firm focused on providing
capital solutions to borrowers currently excluded from traditional
lenders due to stringent regulations. The firm, where Penner
serves as co-founder and managing partner, takes an opportunistic
approach to lending providing first mortgage loan, mezzanine or
preferred equity structures. Typical loan terms range from one to
three years and range in size from $20 million to $250 million, with
a loan-to-value limit of 70%.
Already, the firm has participated in significant deals, including
providing $212.3 million in construction financing to developer
the Robert Green Co. for the first phase of the 145-acre Silver Rock
Resort and Residences in La Quinta, CA.
Penner also steps outside of daily operations at Mosaic and into
the classroom to educate the next generation of real estate professionals. He currently serves as an adjunct professor at Pepperdine
University’s Graziadio School of Business and Management, and
he has previously served as an adjunct professor at the University of
Southern California’s Marshall School of Business. He also lends
his industry knowledge to several publications. He has written for
the Wall Street Journal, Wharton Real Estate Review and the Institutional
Real Estate Investor.
Outside of the real estate industry, Penner is an active community member. He currently serves as a member of the advisory