JLL’s Capital Markets team is growing steadily with plans to double the size of the debt and equity team within the next two years in hopes of capturing both the middle and upper end of the financing market. Managing Director Peter Nicoletti speaks with the Mortgage Observer on plans to grow the team and dominate the middle and upper ends of the market.
Brokers are an ambitious lot, especially the most successful ones. Peter Nicoletti would count among those easily. The 45-year-old broker who helms JLL’s rapidly expanding capital markets group has brokered some of the biggest and most complicated financings in New York City. And when it comes to ambition, he doesn’t mince words.
“The goal here is to be the top equity and debt provider in New York City,” he said of JLL at an interview in his Madison Avenue office last month. “It’s not a long-term plan.”
Still, he tempers his impulse to close a transaction–and nab a commission—with a grounded understanding of the needs of the other side of the deal. That may be a big part of why he and his team have set out on a meteoric rise through the city’s debt placement world.
Read the full article from Mortgage Observer: Eye on the Prize: JLL’s Peter Nicoletti has big plans to grow his team and dominate the middle of the market.