Management Team and Principals
The Preferred Capital management team is led by Dan Corfee , Craig Zarro and Matthew Swanston. Combined, they have spent almost 75 years within the Commercial Real Estate Industry. In addition to Preferred Capital Advisors, Dan, Craig and Matt worked previously with Union Bank's Commercial Real Estate Group, the Panattoni Development Company, Majestic Realty Co and Cohen Financial.
Dan Corfee is the president and founder of Preferred Capital Advisors. He provides management oversight and strategic direction for the privately held boutique advisory firm which provides real estate investment, debt brokerage, equity placement and consulting services. Since its inception, Preferred Capital has completed over $7.5 Billon of transactions for its client base located within the Western United States. Dan is also the managing partner and founder of Oak Capital Partners (OCP I & II). OCP I & II are private real estate equity investment entities focused on generating returns for its investors through direct investment with best in class regional operators.
Prior to the formation of Preferred Capital Advisors in April of 2002, Dan served as the 1st Director of the Capital Markets Group at the Panattoni Development Company, one of the largest privately held development companies in the United States. During his tenure with Panattoni, the company completed over 45 million sf of development in 43 markets across the United States.
Prior to joining Panattoni Development Company, Dan was an executive officer with Union Bank of California for 12 years where he held positions as a Vice President within the Real Estate Special Assets Division and as a Vice President and Regional Manager for Northern California, Nevada and Oregon within the Real Estate Industries Group. Dan is a graduate of The University of California at Davis. Dan is a Member of the Urban Land Institute and Lambda Alpha International.
Since co-founding PrefCap with Dan Corfee, Craig Zarro has closed over $3.5B in real estate transactions. Working primarily on the debt side, Craig has extensive knowledge in structuring permanent, interim and construction loans working directly with Insurance Companies, Private Capital and Banks. Craig also serves as valued member of Oak Capital Partners, a private discretionary equity fund overseen by Dan Corfee and an advisory board consisting of experienced industry representatives.
Prior to the formation of Prefcap, Craig served as the Assistant Director of the Capital Markets Group of Panattoni Development Company. In this capacity, he was responsible for the securing and structuring of all debt obligations for Panattoni on a national basis. Craig held a similar position with Majestic Realty Co., owned and operated by Edward P. Roski, Jr. headquartered in Los Angeles, CA.
Craig received his Bachelor of Science degree from Cal Poly – San Luis Obispo in Economics/Finance in 1993 and shortly upon graduation was hired into the Union Bank Commercial Credit Training Program. Craig served as a Vice President in the Real Estate Industries Group based in Los Angeles and handled such accounts as Shapell Industries, Majestic Realty Co., and Donahue Schriber. While at UnionBank, Craig was recognized with the Commercial Lender of the Year award.
With over 20 years of commercial real estate finance experience, Matt Swanston performs as an advisor to commercial real estate development and investment companies. His assignments involve arranging debt and equity to acquire, reposition, develop or recapitalize income properties throughout the United States. Matt is a principal of Preferred Capital Advisors where he has been since 2003. Over the last 10 years Matt has personally closed over $2.0 Billion in transactions.
Prior to joining PrefCap, Matt held the position of a Vice President in the Capital Markets Unit at Cohen Financial in San Francisco, CA. Matt was responsible for originating mortgages throughout the western United States. He earned a top producer and MVP award within Cohen for 2002.
Prior to joining Cohen Financial, Matt was with Pacific Eastern Real Estate Company in San Francisco, where he assisted two senior principals in the origination of debt and equity for income properties. Prior to Pacific Eastern, Matt worked with CB Commercial in their market research department in Sacramento, CA. Matt received a Bachelor of Arts degree in Economics from the University of Colorado and he is a Sacramento native.
Prior to joining PrefCap, Ron Peters held the position of a Vice President in the Commercial Real Estate Finance division of Citibank. Citibank is one of the nation's largest banks and commercial real estate mortgage portfolios. Ron was responsible for originating Multi Family and Commercial mortgages throughout the Northern California and Northern Nevada regions. Ron earned top producer awards at Citibank from 2003 to 2007 and was one of the top producers in Western United States with excess of $100 million in annual loan production.
Prior to joining Citibank, Ron was with California Federal Bank, where he was in charge of Commercial Real Estate loan originations for income properties, specializing in Multi Family projects. Over the past ten years, Ron has originated over $900M in mortgages. Prior to Cal Fed, Ron worked with Redwood Trust in their commercial lending group, Redwood Commercial Funding. Ron received a Bachelor of Science degree in Business Administration from the California State University at Chico.
Tim comes from a strong background in overseeing complex urban infill development projects. He was intricately involved in the execution of multiple adaptive reuse projects with MJW Investments during the early days of the resurgence of the Downtown LA marketplace. He was also a key component in the pre-development efforts on the proposed $440 million redevelopment of the historic Sears Building and adjacent 23 acres of land.
Most recently from 2006 to 2009, Tim was responsible for overseeing all development efforts at California Landmark - a prominent Westside development firm. Tim was instrumental in the planning, design, construction, marketing, sales and lease up of 360 units (condo, apartments and commercial) spread across four mixed use projects in Marina Del Rey. In addition to these projects, Tim managed the planning & design of the Wilshire & Barrington high rise in Brentwood, California - a 78-unit, 25-story type I residential high rise and the Tramonto project - 54 luxury condos overlooking the Pacific Ocean in Pacific Palisades, CA.
Tim joined PrefCap as a Partner in the Southern California office in early 2009. Tim brings the firm some unique experience as an operator on the principal side of real estate development. His proven network of relationships in the Southern California markets have allowed to successfully structure and close on several complex deals involving recapitalization of borrowers and/or the purchase of distressed senior debt secured by partially constructed and built apartment, mixed use and condominium product. Tim has also been successful in forming equity joint ventures across all asset types including a recently a $31MM mixed use student housing project at USC.
Tim is a graduate of Dartmouth College.