Principal, Head of Capital Markets & Lending
Ray Cleeman is a Principal at Pensam a multi-faceted private equity real estate fund that has a robust Credit Solutions Group. As a private, direct real estate lender, Pensam provides flexible and rapid capital solutions to real estate sponsors across the capital stack including first mortgages, mezzanine debt, subordinate debt and preferred equity with a focus on supporting value-add strategies, lease-ups, recapitalizations and transitional situations. Pensam can take leverage up to 90%. Pensam is also an approved buyer of Freddie Mac “B-Piece” Senior Debt Securities under the K-Series Program.
Ray spent the formative years of his career on Wall Street having worked as an investment banker at Credit Suisse, Donaldson, Lufkin & Jenerette, and Raymond James. He has been involved in the issuance of over $6 billion of high yield securities, the issuance of over $3 billion of private and public equities, arranged bridge commitments and senior loan facilities, advised on over $7 billion of global M&A transactions and advised on several merchant banking transactions. Previously, Ray was also SVP Finance & Treasurer of a publicly traded company.