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CJC Technologies in Conjunction with Situs Appoints Raj Mehta to Director, Client Development

CJC Technologies, a leading provider of commercial real estate loan origination and asset management software solutions in conjunction with Situs, the premier provider of commercial real estate loan advisory services, today announced the appointment of Raj Mehta to director, client development.

In his new role, Mr. Mehta will be responsible for managing the industry-wide adoption of CJC’s flagship loan origination and asset management system, CLOSER. Consistently recognized as the most intuitive and flexible option for commercial real estate lenders, CLOSER provides clients with a true “life of loan” system. CJC has quietly become one of the most diversified firms in this business, supporting portfolio lenders, CMBS participants, agency lenders, credit unions, and industry service providers. As evidenced by Mr. Mehta’s hiring and the opening of CJC’s office in New York, CJC continues to expand its client base in the New York area.

"Raj brings valuable experience, expertise, and relationships to the CJC/Situs team. This hire is consistent with our historical commitment to adding and retaining highly qualified team members. We believe Raj will continue to expand our ability to deliver truly valuable solutions to our customers. I am very pleased to have Raj expanding our presence in this critical market, and our clients will benefit from this addition to our team,” said Brett Williams, president of CJC.

“As a seasoned professional and thought leader, Raj brings the insight and drive we need to realize our full growth potential for our Technology business,” said Steve Powel, president of Situs. “Raj will be an incredible asset to our team as we expand our products and client base offerings,” he added.

Prior to joining CJC, Mr. Mehta spent eight years in the financial services sector, with stays at JP Morgan & Credit Suisse, delivering industry-leading CRE origination, analytics, and bespoke trading platforms. Prior to his time on Wall Street, Mr. Mehta worked in the Business Technology office at McKinsey & Company where he focused on developing process reengineering strategies and governance protocols aimed at improving operational and financial performance. Mr. Mehta holds an M.S. in Real Estate from Columbia University and is an active member of CREFC and the MBA.

About CJC:

CJC Technologies was founded in April 2004 by Brett Williams. In 2007, CJC sold an equity interest to The Situs Companies. This partnership was structured to further enhance the content expertise and resources available to CJC for further product development and support. The stated mission of CJC is to bridge the gap between internal technology needs and ongoing organizational initiatives; the technical staff and the front-line practitioners. CJC has 50 years combined experience in Commercial Real Estate Lending technology solutions ranging from database management to software development. Our key added value is the integration of industry knowledge and the technical understanding of structuring and delivering that content. CJC has grown its client base each year since inception, reflecting our ability to leverage this experience and deliver tangible value to our customers.

About Situs:

Situs is a leading provider of commercial real estate services and business solutions to the global financial services industry. Since 1985, clients have relied on Situs’ trusted insight and experience. Combining creativity, flexibility and strategic planning, Situs offers services including, Real Estate Consulting, Strategic Real Estate Advisory, Loan Servicing and Asset Management, Outsourcing Solutions, and Technology Solutions. Visit our website at www.situs.com.

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