Paul Smyth
Principal and Founder, Broadsword Investors, LLC
Prior to co-founding Broadsword Investors, Paul Smyth served as the Global Chief Credit Officer for the Commercial Real Estate group at Credit Suisse. He was responsible for the vetting of all CRE loans through credit committee in the U.S. and Europe. This included interfacing with B-piece buyers, internal underwriting and credit operations, and interfacing with federal regulators. Mr. Smyth has extensive B-piece investment and related workout experience, having managed over $55 billion in loan resolutions in various portfolios dating back to the mid-1980s. Additionally, Mr. Smyth has been involved in over 165+ B piece/mezzanine acquisitions dating back to the 1990s. Mr. Smyth formed the CRE origination platform at ARCap, and was part of executive team for the restart of Credit Suisse CRE lending group in 2014 which encompassed conduit, mezzanine and floating rate loans.
Prior to Credit Suisse, from 2002-2013, Mr. Smyth held several Executive roles, which included President, CEO, and COO in various entities of ARCap REIT and its successor companies Centerline Capital and C-III (n/k/a Greystone Special Servicing). During this time, he oversaw operations that provided all aspects of asset management. This included originations, CDO Management, and CMBS investments for a $120 billion of portfolio, along with over $6 Billion in debt and equity transactions from 2002-2006, heavily weighted in construction projects.
Mr. Smyth held various origination and asset management roles within Banc One Corp from 1986-02. The last role being Managing Director for Banc One Mortgage Capital Markets/ORIX Capital Markets. In this role, he oversaw the CMBS asset management platform nationwide. Through the late ’80’s and 90’s, he served as Senior Portfolio Manager, which included construction and development lending. He also managed various contracts and asset pools in conjunction with the FDIC and RTC throughout the US. Mr. Smyth has been a panelist and participated in various industry CRE initiatives where he has served in numerous roles within CREFC, CMSA, and the MBA organizations. Mr. Smyth received his BBA degree in Finance and Real Estate from Baylor University.
Cary Williams
Principal and Founder, Broadsword Investors, LLC
Cary Williams started his career at Merrill Lynch Capital Markets in 1987 where he focused on balance sheet management for financial institutions. During the late 80’s and early 90’s, he was active with bank restructuring and various activities with the RTC. Mr. Williams has been involved in the CMBS market since its creation in the early 90’s. Over the last 30 years Mr. Williams has focused on the placement of CMBS B pieces, B notes, mezzanine loans, and whole loans. Mr. Williams spent 25 years at Merrill Lynch/Bank of America as a senior executive in structured products finance. In 2012, Mr. Williams joined Royal Bank of Canada as a Managing Director in Structure Products. He continued to serve clients with a heavy emphasis on CRE and structured products. Mr. Williams joined Credit Suisse in 2014 as a senior executive in their structured products group where he continued to focus on CRE and the origination of CRE assets. Mr. Williams received an MBA from Southern Methodist University in Finance and Real Estate and a BBA from the University of Oklahoma in Finance and Accounting. From 2017-2022, Mr. Williams served as a member on the Trinity River Authority Board of Directors appointed by the Governor of Texas. Mr. Williams holds Series 7,63 and 3 licenses under FINRA.
Jeffrey Elm
Senior Managing Director, Originations
Jef Elm has over 35 years of experience providing capital markets debt and equity solutions for commercial real estate owners and investors. With over $5 billion in closed transactions during his career, Jef has extensive experience in all product and loan types. He has held senior management roles at various lending institutions with specific loan product focus in agency, CMBS, bridge, mezzanine and construction loans.
Prior to joining Broadsword Investors, Jef most recently spent 10 years at Greystone, focusing on loan origination of Fannie, Freddie, FHA, CMBS and bridge loans. Prior to Greystone, Jef was the North America Head of Production for MezzCap, a national mezzanine CMBS lender affiliated with sixteen CMBS investment banks. Prior to MezzCap, Jef held senior roles with life insurance companies (MetLife and Prudential) and CMBS lending institutions (NationsBank, Merrill Lynch and Wells Fargo).
In addition to his lending background, Jef has been involved in commercial real estate ownership and management in a principal role with StoneCreek Properties, with a focus in the student housing arena.
Jef received his BS degree in Finance from Oklahoma State University.
Paul Jankovsky
Managing Director — Conduit Originations
Paul Jankovsky Jr, has over 35 years of capital markets, commercial banking and commercial real estate experience. He has been a regional manager and senior producer in the CMBS industry, originating in excess of $4B of securitized commercial real estate loans. Mr. Jankovsky has had successful tenures with Wall Street firms including Goldman Sachs, JP Morgan Chase and Merrill Lynch. Mr. Jankovsky founded and is currently Managing Principal of JM Advisors LLC, a firm which was formed to participate in the purchase of distressed CMBS bonds. JM Advisors has been an advisor to regional banks where Mr. Jankovsky has implemented successful CMBS platforms, mezzanine platforms and has focused on specialized debt placement. Mr. Jankovsky was also Co-Founder and EVP of BH Capital LLC, a Behringer Harvard related entity which focused on investments in distressed real estate debt. Mr. Jankovsky holds a BBA from Baylor University where he majored in Finance.
Cary Williams IV
Vice President
Cary Williams most recently served as an associate at Greystone where he was primarily focused on REO disposition and securitized product due diligence and underwriting. Previously, Cary served as operations manager for a beverage industry startup conducting business throughout the United States and internationally. During this time Cary oversaw logistics, supply chain, pricing strategy, marketing and assisted in overall business development.
Cary received a BBA in Finance from the University of Oklahoma. As part of his responsibilities at Broadsword, he provides underwriting assistance on loan sizing, conducts market research, and develops models for capital stack structure for a variety of asset classes. Cary is a licensed Texas Real Estate Sales Agent under Broadsword CRE Brokerage, LLC.