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Deutsche Bank Hires Alexis Block for Commercial Property

May 12 (Bloomberg) -- Deutsche Bank AG, the top underwriter of commercial-mortgage bonds, has hired Alexis Block to originate new loans.

Block, previously at Citigroup Inc., starts as a director at the lender’s New York office this week, Amanda Williams, a spokeswoman for Deutsche Bank, confirmed in a telephone interview. Block will report to Stephen Choe, head of large loan originations.

Wall Street banks are boosting teams to underwrite large loans that can be packaged into bonds as investors clamor for real estate debt. Lenders have arranged about $25 billion of bond offerings linked to shopping malls, skyscrapers, hotels and apartment complexes this year, according to data compiled by Bloomberg. Analysts across Wall Street forecast as much as $100 billion in 2014 issuance.

Deutsche Bank beat at least three competing banks to lend $1.9 billion to the operator of a group of Hawaiian resorts last month, according to people with knowledge of the negotiations. A $1.5 billion chunk of the mortgage will be bundled into bonds in one the largest such deals this year.

Germany’s largest lender was the top underwriter of commercial-mortgage backed securities last year globally, according to industry newsletter Commercial Mortgage Alert. Deutsche Bank grabbed 21.5 percent of the U.S. CMBS market, followed by JPMorgan with 15.6 percent.

To contact the reporter on this story: Sarah Mulholland in New York at

To contact the editors responsible for this story: Shannon D. Harrington at John Parry, Richard Bravo

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