$ .2B
ORIGINATIONS
%
REPEAT BUSINESS
INVESTMENTS
+
INVESTORS
YRS
LEADERSHIP

For Investors

Alignment of Interests
MREC seeks to align investor and manager interests through its fund structure. MREC’s 0/25 fee structure means that MREC does not collect a management fee based upon AUM and is entirely driven by performance. MREC gets paid only when the Investor succeeds. Additionally, MREC’s open-ended fund structure provides Investors with a liquidity feature and regular distributions.
Avoid Competition
MREC’s broad opportunistic mandate to invest across all debt products secured by U.S. real estate allows it to continuously identify unique opportunities, avoid overcrowded markets, all the while seeking above market risk-adjusted returns.
Downside Protection
As a debt fund with inherently limited upside potential, MREC is highly focused on preserving principal value. MREC seeks to originate and structure investments which minimize the vulnerability to economic downturns by carrying out in-depth initial due diligence, structuring strong protective covenants, performing hands-on asset management, and working with experienced sponsors with successful track records.
Transparency
MREC is committed to complete transparency through clear, thorough and frequent communication with our Investors, including quarterly letters and webinars, and day-to-day responsiveness.

For Borrowers

Responsiveness
MREC understands that time is critical in closing a deal. In communicating with borrowers and brokers, our investment team is highly responsive and provides clear and open communication from the outset through a transaction’s maturity.
Certainty of Close
MREC’s origination team has been providing certainty of execution to the real estate community for three decades and understands the immense value of doing so.
Property Type and Structure Agnostic
As an opportunistic investor dedicated to meeting each transaction’s unique needs, MREC will consider the full spectrum of real estate property types throughout the United States and numerous forms of investment structure.
Borrower Relationships
MREC works closely with borrowers to solve for their unique needs.
Who We Are

The Mosaic team’s collective $50B+ of real estate and lending experience, spanning more than
three decades, reflects unique and broad domain expertise and deep industry relationships

LEADERSHIP TEAM

ETHAN PENNER

Founder/Managing Partner, CIO

VICKY SCHIFF

Founder/Managing Partner, COO

STEVE BERGMAN

Senior Managing Director, Capital Markets

BRUCE DAVIDSON

Managing Director, Head of Asset Management

ALEX OVALLE

Managing Director, Head of Origination

SUNNY PARMAR, CPA, CA

Chief Financial Officer

TEAM

PETER PASQUA

Senior Vice President, Credit

PHIL HASPEL

Vice President, Credit

TREVOR FAY

Assistant Vice President, Capital Markets

NATALIE VIOLA

Assistant Vice President, Credit

CAITLYN FERRARA

Vice President, Accounting

BECCA XIANG

Associate, Credit

KEVIN WALKER

Associate, Capital Markets

IAN CURRY

Associate, Credit

MARC PUGSLEY

Chief Compliance Officer

MICHELLE GUTIERREZ

Executive Assistant

MARISSA GONZALEZ

Executive Assistant