After selling Pinnacle Financial Group to Marcus & Millichap (“Marcus”), a National Real Estate Services Company, Brock's day-to-day responsibilities are strictly transactional, but doing the same things he has been doing since 1988, placing debt for clients. Brock's goal now, more than ever, is to advise his clients on deals that best for their short- and long-term goals.
Before this, Brock was a founding partner of Pinnacle Financial Group (“Pinnacle”) and PFG Servicing (“PFG”). Pinnacle was a commercial real estate mortgage banking company, which just simply means they arranged debt for Lenders and Borrowers. This was primarily in Ohio, but did arrange debt across the country. Deal types included Apartments, Office Buildings, Industrial buildings, Shopping Centers and Hotels. During this 28-year period, Brock and his team arranged approximately $15 Billion dollars of debt on approximately 2,500 deals. Our team, over the last 5 years, was on average 15 people. In addition to production responsibilities, he handled all Group Health Insurance purchasing, Payroll and all things administrative.
“PFG” was a Loan Servicing Business we started in 1996 at the request of our NATIONAL lenders. This division of Pinnacle consisted of 3 -4 full time employees. At the time of our sale to Marcus, the portfolio had grown to 2 BILLION dollars and 300 loans. Our business purpose was to monitor these for the lenders who made the loan. These services included annual or semiannual inspections, annual financial statement review and 40% of the time, we collected the monthly mortgage payments for the lender and remitted those back to them, usually on the 10th of the month.