San Diego firm adds new director of acquisitions and new acquisitions analyst
Online PR News – 23-April-2012 – San Diego, Calif. – SAN DIEGO (April 13, 2012) – Poised for further growth, Pathfinder Partners, LLC – a San Diego-based firm which makes opportunistic investments in distressed real estate assets and defaulted loans – has hired distressed real estate veteran Tony O’Neill as its director of acquisitions and Jon Mesa as acquisitions analyst.
Both come to the firm from Voit Real Estate Services, where O’Neill was previously a vice president, leading a brokerage team focused exclusively on loan and real estate-owned (REO) transactions. In this capacity, he helped close over $175 million in non-performing and sub-performing commercial loans and REO assets. Mesa was previously a financial analyst for Voit’s O’Neill & Askew Team, specializing in distressed note and asset sales in California, Arizona and Nevada.
According to Lorne Polger, senior managing director of Pathfinder Partners, the addition of O’Neill and Mesa is another reflection of Pathfinder’s rapid growth and bullish outlook on its future business prospects. “We’ve closed four transactions initiated by Tony during the past several years and have come to know him well. He has shown himself to be incredibly persistent, an exceptionally hard worker and a strategic thinker, and will fit in well with the Pathfinder corporate culture,” Polger said. “Mesa is also a skilled commercial real estate professional, and will work effectively with Tony as we position ourselves for further growth.”
With a successful strategy of seeking opportunistic investments in major markets throughout the western U.S., Pathfinder acquired six multifamily properties in Seattle, Phoenix and Denver in the first quarter of 2012. Since its inception in 2006, Pathfinder has acquired notes and properties with original loan balances in excess of $350 million in more than 35 separate transactions.
Both O’Neill and Mesa are anticipating helping Pathfinder continue its rapid expansion. “Jon and I are very pleased to be joining the Pathfinder team,” said O’Neill. “We know the company well and are extremely impressed with the firm’s entrepreneurial spirit, top-flight reputation in the real estate and finance communities and with the company’s speed and creativity in closing challenging transactions.”
A licensed real estate broker, O’Neill received a Master of Science degree in real estate from the University of San Diego and a Bachelor of Arts degree in economics from the University of Michigan, Ann Arbor. Mesa graduated from the University of Oregon with a Bachelor of Science degree, double-majoring in business administration and economics.
About Pathfinder Partners, LLC
Headquartered in San Diego, Pathfinder Partners was founded by Lorne Polger and Mitch Siegler in 2006 to make opportunistic investments in distressed real estate assets and defaulted loans. In addition to seeking opportunities to add value by providing liquidity to selling financial institutions, Pathfinder also seeks to maximize value through property enhancements, improvements in operations and marketing, property repositioning and other strategies. For more information, visit www.pathfinderfunds.com.
Contact: Sydnie Moore (619) 823-8488