Mag Mile Capital Group Expands with Three New Hires

CHICAGO – Rushi Shah, Principal and CEO of Mag Mile Capital is pleased to announce the firm has hired Robert Scarantino as Senior Vice President of Originations, Ross Groedel as an Analyst for the underwriting team, and Julia Pratt as Marketing and Operations Coordinator. Scarantino will join the firm’s East Coast team, while Groedel and Pratt will be based at the firm’s headquarter office in Chicago.

“Adding Bob’s professional rolodex to our East Coast team will bolster originations, particularly in the Tri-State area where we are looking to gain an increasing market share,” said Rob Bernstein, Executive Vice President of Capital Markets and Originations. “Additionally, with Ross and Julia joining our growing roster of young, talented professionals in Chicago, we will further enhance our highly regarded client service reputation.”

Scarantino has more than 30 years of experience in investment banking, capital markets, financing and technology. He is well positioned to advise clients on all aspects of the financing lifecycle. Based in New Jersey, Scarantino will arrange financing for hotel, retail, office, self-storage, industrial and multifamily properties throughout the country on behalf of Mag Mile Capital.

“I am very excited to join the team at Mag Mile Capital,” said Scarantino. “With the firm's long and successful history of originating financing for commercial properties across all asset classes and a top notch organization led by Rushi Shah and Rob Bernstein, I am confident that I can help to even further strengthen this already formidable team.”

Prior to joining Mag Mile Capital, Scarantino was principal at HAS Consulting Services, where he provided advisory services to firms including HSBC, State Street Bank and Trust, Bank of NY Mellon, Bank of Montreal, Northern Trust, Principal Financial Group and Bridgewater Associates. He specializes in providing clients with innovative solutions and has extensive experience working with numerous Wall Street investment firms on debt and credit structures. Scarantino has a Master of Business Administration from Columbia Business School and a Bachelor of Science in Finance from Baruch College, The City University of New York.

“We are doubling down on our East Coast growth strategy by bringing on Bob Scarantino who will originate for our entire platform using both our firm’s leads as well as his own resources,” added Mag Mile Capital Principal & CEO, Rushi Shah. “We are also excited to further strengthen our infrastructure by bringing in top notch talent like Julia and Ross in our Chicago office to support the rapid and strategic growth of the organization across the country.”

Groedel joins Mag Mile Capital an Analyst for the underwriting team responsible for underwriting and packaging client transactions for lender review, as well as evaluating new investment opportunities. Prior to joining the firm, Groedel attended Ohio State University where he specialized in finance with additional coursework in real estate. He also interned with real estate investors including The Ratkovich Company in Los Angeles, The John Buck Company in Chicago, and Brack Capital in Tel Aviv. He is an active member of the Real Estate Investment Association (REIA) of Chicago.

Joining Mag Mile as the Marketing and Operations Coordinator, Pratt has a Bachelors in Communications from Northwestern University with a concentration in English. Her prior experience includes working for Xerox in Sales and Marketing and for an event management company. Pratt’s primary responsibilities in this new role will include working with our PR agency to handle communications, managing commuinications to clients and prospects, maintaining and updating the firm's CRM system, negotiating with vendors, conferences, and various stakeholders, and updating marketing collateral for the firm.

 

About Mag Mile Capital

Chicago-based Mag Mile Capital is a full-service, commercial real estate mortgage and investment banking firm. The boutique firm offers preferred access to best-in-class debt placement, equity arrangement, tax credit syndication, real estate brokerage and advisory through a high-touch, disciplined approach that leverages its extensive lending relationships and deep-rooted client and equity sponsors. During the past 27 years, team members have collectively funded over $8.5 billion in debt, equity, tax credit and mezzanine financing for hotel, multifamily, office, retail, industrial, healthcare, self-storage and special purpose properties throughout the United States and the Caribbean. For more information please visit www.magmilecapital.com.