Bio
Steven M. Firtel is principal and co-managing partner of Oro Capital Advisors. Mr. Firtel has extensive experience in the acquisition, repositioning, and operation of commercial properties including value-add multi-family, retail, commercial and industrial properties in a variety of markets. Mr. Firtel joined Oro Capital Advisors in the fall of 2012 and heads the acquisition, stabilization, and redevelopment teams while overseeing the daily management and operations of the assets.
Mr. Firtel began his career working for a private equity firm associated with Hughes Research Lab, where he worked closely with researchers on the commercialization of their technologies. Post-2001, Mr. Firtel co-founded a wholesale mortgage correspondent bank called Trojan Lending (“TL”). TL was licensed to originate loans through their $30+mm warehouse line of credit in 13 states, employed over 50 people and funded upwards of $1 billion in loans. Mr. Firtel concentrated on the underwriting, funding, closing and post-closing pooling of loans. He successfully managed relationships with a variety of domestic and international secondary market institutions. In 2007, TL ceased operations in good standing with its secondary market partners. At that time, Mr. Firtel joined Bomel Companies as Managing Director and Corporate Counsel, where he managed and operated the firm’s ($500+mm) portfolio of commercial real estate. While at Bomel, Mr. Firtel gained experience in the operation, entitlement, “greening,” and redevelopment of commercial properties with a partial focus on historic projects.
Mr. Firtel holds a Bachelor of Science (B.S.) in Business Administration with an emphasis in Finance from the Marshall School of Business at the University of Southern California, as well as a Juris Doctor (J.D.) from the Pepperdine School of Law. He is licensed to practice law in the State of California, is a Green Associate with the United States Green Building Council, and currently serves on several boards and volunteers for a variety of charitable organizations. Mr. Firtel resides in the Los Angeles area with his wife and two children.
Areas of Interest
- Deal Type
- Acquisition, Development, Ground Lease, Loan Purchase, Opportunity Zone, Partner Buyout, Pre-Development, Recapitalization, Refinance, Rehabilitation