Real Estate Credit Industry Veteran Matt Borstein Joins CIM Group
Matthew Borstein, a known leader in the real estate credit industry, has joined CIM Group as managing director, co-head of credit in a continued expansion of the firm’s credit team and platform.
Borstein has more than 25 years of experience across real estate investments, loans, securities, and hard assets with expertise in building and leading global credit platforms. According to the company, his appointment reflects CIM Group’s dedication to building a team of in-house experts skilled in delivering custom financing opportunities for diverse real estate types and managing risk during dynamic market cycles.
“I am thrilled to join CIM Group at this pivotal moment in the real estate credit space,” said Borstein. “What sets CIM apart is its vertically integrated platform, its distinctive vantage point, and the world-class caliber of its team with a strong commitment to growth. Together, I look forward to expanding our client relationships and helping scale the business to meet the needs of our partners.”
At CIM Group, Borstein will play an integral role in the firm’s growing credit platform. He will work alongside Daniel Ottensoser, managing director and co-head of credit, to lead capital deployment strategies across CIM’s funds and accounts. In the position, the company said Borstein will ensure alignment with market conditions and the firm’s broader vision in addition to advising on key asset management decisions and team development.
“Matt is an outstanding addition to our team and I’m excited to partner with him as co-head of credit. He is a highly respected leader, and I welcome this opportunity to work with him to continue strengthening our platform,” said Ottensoser.
Before joining CIM Group, Borstein served as partner and portfolio manager at Oak Hill Advisors, where he started and led its dedicated commercial real estate business.
Borstein previously served as the global head of commercial real estate at Deutsche Bank from 2010 to 2021, where he built and led a global platform overseeing Deutsche Bank’s commercial real estate debt origination, the expansion of its balance sheet lending portfolio, its commercial mortgage-backed securities business, the special situations group, and commercial real estate repurchase and warehouse facilities.
Earlier in his career, Borstein held positions at Wachovia, Nomura, and Credit Suisse First Boston.
Through its CIM real estate debt solutions business, CIM Group said it applies its broad experience as an owner, operator, and developer of high quality commercial real estate to its lending strategy and believes this helps differentiate the firm from many other debt providers. Through mortgage and mezzanine loans, the firm provides bridge and construction financing to owners and developers of commercial real estate in major markets across the United States and works with borrowers to offer an array of lending solutions.
“Alongside our real estate and infrastructure platforms, CIM’s Credit platform has been an integral area of growth. We have profound respect for Matt. He has exceptional expertise, longstanding relationships, and strategic vision, and we are proud to welcome him to CIM Group,” said Avi Shemesh, co-founder and principal, CIM Group.
CIM Group is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has delivered more than $60 billion of real estate and infrastructure projects.
Last month, AltsWire reported that the firm appointed Barry Schanker as managing director, head of private wealth. Schanker manages day-to-day operations of the team and oversees business development initiatives to increase awareness of CIM Group’s investment opportunities across its real estate, infrastructure, and credit platforms.
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