Commerical Real Estate Financing    |    Purchase Leaseback & Build to Suit Leaseback

TENCAL Management Team

Theodore J. Schwartz (Principal)

Mr. Schwartz, a university graduate and certified public accountant, began his career in real estate and commercial financing with a regional office of a national commercial lending company. As an auditor and real estate lending officer he acquired significant experience in operations and financing.

Choosing to focus in the area of commercial and industrial real estate, Mr. Schwartz was appointed Controller of a successful Midwest industrial real estate developer. In his capacity as Controller, he developed the skills necessary to underwrite and structure construction and permanent financing, prepare detailed acquisition and development budgets and provide financial and tax analysis.

Mr. Schwartz founded Commercial Mortgage Underwriters, Inc. “CMU” in 1983, a real estate investment company and commercial real estate finance intermediary. Since its inception, CMU has arranged in excess of $2.5 Billion of transactions for its clients. Properties acquired and financed by CMU include office buildings, warehouses, shopping centers, apartments, hotels and healthcare facilities.

In 2003, Mr. Schwartz co-founded TenCal, LLC with Richard Botts. TENCAL has acquired and developed properties aggregating 1,350,000 square feet valued in excess of $40,000,000. Mr. Schwartz serves as asset manager for TENCAL and oversees the company’s property acquisition, development and financing activities.

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