Veteran banker Marc Bosnyak has joined forces with Mark Suchy at Core Capital Asia (CCA) to bring real estate lending advisory to the China market as the Shanghai-based property investment consultancy’s head of debt advisory.
“Marc has substantial experience which will provide our clients with a more complete investment advisory service and help them overcome the current challenging debt market,” Core Capital founder and managing director Mark Suchy told Mingtiandi.
Competing Head to Head With the Big Players
Suchy, who set up the boutique property investment brokerage in 2016 after more than a dozen years with international real estate consultancies in the city added that Bosnyak’s presence at Core Capital allows the two-year-old firm to “compete head to head against the big agencies.”
Bosnyak brings with him to the role more than 20 years of property finance experience, including 10 years in Asia. Prior to joining Core Capital, the graduate of the University of Colorado and New York University ran the Asia desk for New York-based real estate advisory firm Estreich and Co, and Core Capital indicated that the company will cooperate as correspondents on cross-border investment advisory projects going forward.
Bosnyak also spent nine years with Standard Chartered Bank in Hong Kong and Shanghai, serving most recently as an executive director for real estate investment banking. He also has experience in the US with JP Morgan and Capital Trust in New York.
Aiming for $4B in Deals
Since its inception, Core Capital has closed over $1 billion in investment transactions in Asia, including Shui On Land’s sale of a retail asset in the Ruihong Xincheng development in Shanghai to the Hehe Group in 2017, and World Union Investment’s acquisition of a set of strata title office floors in the Tian An Center in 2016.
With Bosnyak now on board, the company is on track to close $4 billion in transactions by the end of its third year, according to Suchy.