Commerce Street Capital’s Real Estate Investment Banking Group prides itself on its extensive knowledge of the real estate capital markets. As a financial intermediary, we specialize in arranging debt and equity for commercial real estate on behalf of developers, investors and owners on a nationwide basis.
Our firm’s banking clients, family offices, institutional associations, and high net worth individuals complement our deep and broad real estate experience. We have the resources to facilitate a variety of transactions that encompass all property types and financial products, including but not limited to construction loans, fixed and floating rate acquisition financing, mezzanine debt, bridge loans, credit facilities, and joint venture equity investments.
We add additional value by introducing our clients to other opportunities that complement their respective strategies and objectives. We work with our clients on a team approach, sharing in the risk, only earning a success fee if the deal is funded. We do not charge upfront fees.
Our managing directors have experience and proven track records in structuring real estate debt, equity and other complex financial transactions.
Mr. Dienes is an experienced commercial banker and corporate executive. He has served as Corporate Executive Vice President and Managing Director of the 4th largest bank in the U.S. and as Chairman/President/CEO of three Dallas/Ft. Worth banks.
He started his career with Republic National Bank (which was subsequently acquired by Bank of America) where he assumed positions of increased responsibilities culminating as Director of Corporate Banking for Bank of America.
During his tenure as a commercial banker, he put in place policies and procedures for all aspects of corporate lending during periods of tremendous company growth, mergers and acquisitions. He speared headed the bank’s entry into the communications industry; becoming the 2nd largest communications lender in the U.S. He initiated the bank’s entrance into the high-tech, insurance and venture capital industries. He led a team of 138 professional s across the nation with a $5.5 billion portfolio, $36 billion in commitments, and $71 million in net profits in 1994.
Between 1994 and 1998, Mr. Dienes was President of a NYSE listed corporation that provided consumer loan products and was one of the largest originators of non-conforming mortgage loans in the country. He was responsible for five of the six major production subsidiaries (three of which were start ups). He developed the strategic direction and vision of these subsidiaries that delivered products nationwide. Other duties included managing the legal and underwriting departments as well as the MIS and service platform that supported 125,000 customers throughout the country. Additional responsibilities included the securitizing over $10 billion in ABS securities.
In 2000, Mr. Dienes reentered commercial banking where he was hired to expand an LPO (Loan Production Office) to a full service banking operation in Dallas/Ft. Worth. He added 19 branches, corporate banking, energy lending, private banking and residential mortgage lending to the existing LPO. After growing loans to over $1 billion and deposits to over $500 million, the bank was sold to Citibank in 2004. He remained with Citi as President of Dallas/FT. Worth until 2008.
In 2008, Mr. Dienes was hired to bring his professional experience to put in place policies, procedures and banking discipline for a $1 billion bank that had come under regulatory scrutiny. He was able to stabilize the bank and preclude ultimate regulatory action and was successful in the bank being sold in 2014.
In 2014, Mr. Dienes joined Commerce Street Capital where he is a Managing Director.
Mr. Dienes has a Bachelor of Science Degree in Business Administration from Louisiana Tech University, an MBA in Finance from Southern Methodist University and is a graduate of the Southwestern School of Banking. He holds Series 7 and 66 licenses.
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James H. Polk III
Jamie Polk is a Managing Director in the Real Estate Finance group of Commerce Street Capital, LLC. He has been with Commerce Street since its inception.
Mr. Polk has over 37 years of experience in all aspects of the real estate investment and development business, including the creation and operation of both private and publicly-held REITs. He was a founder and board member of Archstone Smith Trust, a $22 billion multi-family REIT, that was taken private by Lehman Brothers & Tishman Speyer in October, 2007. Prior to his association with Commerce Street, LLC, he was a Managing Director with SAMCO Capital Markets, Inc. During the 1990s, Mr. Polk was a Managing Director with Security Capital Group in Santa Fe, NM, a private investment firm specializing in the acquisition of commercial real estate portfolios utilizing separate REIT structures.
He has been a member of the Board of Governors of The National Association of Real Estate Investment Trusts (NAREIT) and a past-President (‘89/‘90) from 1980-1990. Mr. Polk received his undergraduate degree in mechanical engineering from Vanderbilt University in 1964 (BSME) and his graduate business degree from the University of Virginia in 1967 (MBA).
Mr. Polk is a registered representative and has passed the FINRA Series 7, 24, and 63 examinations.
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George A. Kirchwey
George A. Kirchwey is a Managing Director for the Real Estate Investment Banking Group at CSC, performing analysis, research and due diligence on various commercial real estate projects and funds, for raising both debt and equity. He previously served as the Fund Manager for Commerce Street Income Partners, LP and managed the Commerce Street Income Partners II, LP fund from inception in 2009 to its successful redemption in 2013.
Prior to joining Commerce Street in 2006, Mr. Kirchwey was the director of research for SAMCO Capital Markets, Inc. with a focus on analysis of high-yield corporate and municipal bonds, as well as bank equity research. His high-yield bond research coverage for over 30 industrial companies (including airlines, steel, and plastics) was released periodically to an institutional audience of portfolio managers and hedge funds.
Mr. Kirchwey trained as a bank credit analyst with a major bank in Dallas; worked for the FDIC as it unwound a large Dallas S&L, where he analyzed and valued high-yield bonds, private debt placements, commercial loans, and commercial real estate; and directed the credit analysis department for Guaranty Bank’s commercial lending divisions before moving to RBC Dain Rauscher Inc. as a fixed-income analyst in 1994.
Mr. Kirchwey has an MBA in Finance from Southern Methodist University, and received his BA in Government from Wesleyan University in Connecticut.
Mr. Kirchwey is a registered representative and has passed the FINRA Series 7, 24, 63, 66, 86, and 87 examinations.
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