Balboa Financial/Scott Duntley has arranged over $3 billion of debt and equity for commercial real estate investors since forming the company in 2003. The vast majority of this financing has included a construction/value-add component, as well as a mezzanine/equity piece in addition to the first mortgage. Approximately, 65% of the +/- 230 transactions have been arranged for only eight customers who give Balboa Financial the exclusive right to capitalize their investments. Michael Montoya, an MRED alumnus from USC and Associate Director of Capital Markets provides and oversees underwriting support.
As a founding member of Real Estate Capital Alliance (www.RECA.us), Balboa Financial has a competitive edge in the market over the major mortgage banking firms given that “sharing of information” is the primary purpose for the existence of the alliance. RECA offices cover 16 of the top 25 major metropolitan markets across the U.S. Collectively, the group of more than 90 originators has arranged over $15 billion in debt and $1 billion joint venture equity/mezzanine debt since 2014. The primary purpose of RECA is to leverage the relationships, experience and daily interactions in the capital markets of a larger group of advisors in order to ensure that the clients of each company are securing access to the best possible capital in the market. RECA members share an online capital source database; participate in a daily deal-help forum; invite guest capital speakers to weekly calls; share a professional deal hosting platform and closed over $5.2 billion of debt and equity in 2018.