Lument Adds Israel Leiner as Managing Director to Expand Debt Capital Markets Platform

Lument has appointed Israel Leiner as a managing director on its Debt Capital Markets team, the firm announced Sept. 16, 2026. Based in New Jersey, Leiner will originate debt and preferred equity financing solutions for commercial real estate clients nationwide and will report to Rick Warren, senior managing director and head of real estate capital markets at Lument.

Leiner's Background and Track Record

Leiner arrives with more than $2 billion in closed financing across more than 200 loans. His experience spans construction, bridge, and permanent financing across apartment, office, and retail assets, with multifamily transactions representing the majority of his production. He also brings established relationships with a broad range of capital providers, including banks, debt funds, life insurance companies, CMBS lenders, and private capital sources.

Prior to joining Lument, Leiner served as a managing director, capital markets, at Walker & Dunlop. Before that, he held a vice president role at Meridian Capital Group.

Warren cited Leiner's regional footprint and growth-market presence as key factors in the hire. "As borrowers seek creative financing solutions in an increasingly complex market, Israel brings a strong track record of execution and a client-first mindset," Warren said. "His track record in New York-New Jersey and his established business in key growth markets such as the Philadelphia metro area, Atlanta, and other Sunbelt markets further strengthen our ability to serve."

Leiner pointed to the breadth of Lument's platform as his reason for making the move. "What attracted me to Lument is how well the platform aligns with the clients and transactions I've spent my career serving," he said. "With access to a wide range of capital sources and the ability to tailor solutions across the capital stack, Lument is well positioned to help borrowers navigate a complex market. I'm excited to join a team that is continuing to invest in growth and expand what's possible for its clients."

Lument's Debt Capital Markets Build-Out

Lument launched its Debt Capital Markets platform in 2024 to provide alternative debt and preferred equity solutions sourced from banks, debt funds, life insurance companies, conduits, and proprietary capital — primarily for multifamily and other commercial real estate investors who require financing beyond the firm's agency and balance sheet products. Since launch, the DCM platform has completed more than $1.9 billion in debt placement volume.

The Leiner hire is the latest in a series of additions to the DCM team. In mid-2026, Lument added Rob Bedwell as a managing director to expand its life insurance company lending platform and oversee central desk operations. In August 2026, the firm brought on Christian Gorissen as a managing director to strengthen its Mid-Atlantic presence. Earlier, in 2024, Lument disclosed it had doubled the size of its real estate capital markets team through multiple managing director and senior director hires.

Lument's parent company, ORIX Corporation USA, reinforced the platform further in April 2026 through the acquisition of a $400 million life company servicing portfolio, a move the firm said strengthened its debt capital markets capabilities.

Platform Scale and Multifamily Focus

The DCM expansion is layered on top of a broader Lument platform that closed more than $8.8 billion in debt transactions across 550 deals in 2025, financing more than 75,000 housing units nationwide. Combined Fannie Mae, Freddie Mac, and FHA originations reached $6.2 billion in 2025, doubling year-over-year. Lument also reports being the top FHA MAP lender by loan count and managing a servicing portfolio exceeding $56.5 billion.

Lument's DCM platform gives borrowers access to debt and preferred equity solutions from banks, debt funds, life companies, conduits, and the firm's own proprietary capital. The firm has approximately 550 employees across more than 30 offices in the United States.

Market Context: Shifting Lender Mix in Multifamily

The hire comes as the composition of multifamily lending has shifted materially. Bank participation in multifamily lending has pulled back sharply, with bank market share down roughly 50% since 2023, while debt funds, insurance companies, and CMBS and CRE CLO lenders have significantly increased their activity. Multifamily debt originations surged in the back half of 2025, with third-quarter originations up 48% year-over-year, driven by tighter loan spreads and improving borrower confidence.

Against that backdrop, Lument's DCM platform — and Leiner's specific experience sourcing capital from non-bank lenders — is positioned to serve borrowers in the New York–New Jersey corridor and in growth markets such as Philadelphia and Atlanta, where structured debt and preferred equity have become increasingly important tools as traditional bank financing has contracted.

Lument is a subsidiary of ORIX Corporation USA and offers Fannie Mae, Freddie Mac, FHA, USDA, and balance sheet financing, as well as capital markets lending products and real estate advisory services including investment sales, investment banking, and investment management.

Sources

Lument — Lument Continues to Grow Debt Capital Markets Platform with the Addition of Israel Leiner