Los Angeles, Calif.—July 12, 2022—Jon Spelke, a 25-year commercial real estate veteran, has joined Encinitas, CA-based LFB Ventures (“LFB”). LFB is a diversified real estate company offering direct lending to the residential building industry, capital advisory and commercial brokerage services nationwide. Mr. Spelke will head the Los Angeles office as Managing Director.
In addition to managing this office, which is located at 270 Coral Circle, Suite 200, El Segundo, Mr. Spelke’s duties will also include growing LFB’s lending and capital advisory businesses nationally.
“When we started looking into opening a Los Angeles office, we also started the search for the person who would manage this office. Jon’s tremendous amount of experience in commercial real estate, coupled with his managerial skills was a major factor in our hiring decision,” said LFB Founder and President Blake Bitterlin. “Additionally, as we continue to expand our platform nationwide, Jon will become a key component to our efforts.”
In addition to the Los Angeles location, LFB has offices in Encinitas, CA and Salt Lake City, UT.
With more than 25 years in the real estate industry where he held senior level positions with groups such as Lennar, Centex, Clarion Partners and Hillman Properties, Mr. Spelke directly managed or was involved in development of more than three million square feet of CRE and hotels, over 5,000 residential units (multifamily and single family for-sale) and more than $1 billion of financings.
“I’m excited to join LFB and further the growth that Blake and the team have accomplished thus far. With the capital markets such as they are today and for the foreseeable future there’s an absolute need for a strong lending platform that can provide the certainty of close for the borrower as well as advisory expertise to raise capital (debt and equity) for sponsors. LFB continues to lend and should be the go-to lending solution for homebuilders nationally.” said Mr. Spelke.
Mr. Spelke earned his bachelor’s degree in business from Northeastern University and is active in ULI, CREF and MBA and enjoys a good pickleball game between calls and meetings.
About LFB Ventures
LFB Ventures, Inc. (“LFB”) is a diversified real estate company offering lending, capital advisory, and commercial brokerage services nationwide. LFB’s multi-faceted platform enables our specialized teams to provide a boutique-style approach, while achieving institutional-level results. We may want to add more here from the new revised website and content.