James Murnane is a career commercial real estate finance professional, having worked in a variety of banking positions around the world.
Murnane graduated in 1980 from the University of Illinois with a BS Finance, High Honors. He then graduated from the Graduate School of International Banking at the University of Colorado in 1986. He began his career with Harris Bank in Chicago in 1980. He was recruited to join the Chicago office of the Melbourne based Australia and New Zealand Bank (ANZ) in 1981 to become a mid- market business loan officer. In 1986 he was promoted to head up ANZ’s Houston office (real estate lending and foreign exchange services provided). In 1988 he was recruited to NYC as Senior Credit Officer for the US operations of the State Bank of South Australia, a $20 billion Australian bank (middle market business lending, foreign exchange, real estate lending). In 1990, he was promoted to Head of International Credit for State Bank of South Australia, moving to Adelaide, South Australia where he was responsible for all International Lending/Credit Quality and Training and assumed responsibility for management of the bank’s Hong Kong office. Murnane travelled extensively throughout the bank’s international locations (US, Australia, London, and Asia) in this role.
Murnane moved back to U.S. in 1992 to join River Forest Bancorp in Chicago, a full service multibank holding company as Senior Lending Officer at Belmont Bank. In 1996 he was presented the opportunity to move back to Houston as President and CEO of North Houston Bank, a commercial real estate lender, part of FBOP Corporation, --a national multibank holding company that also owned and operated a wide variety of commercial real estate assets.
As President and CEO of North Houston Bank, Murnane was responsible for all operations of the Bank and was also part of several working committees within the holding company to purchase/manage/sell a variety of commercial real estate assets. FBOP Corp completed individual transactions up to $250 million in size within all sectors of commercial real estate, focusing on Retail, Office and Hospitality assets.
Murnane left the banking industry in 2010 to form Commonwealth Funding, LLC, which provides a variety of consulting and investment services to the commercial real estate industry. Over a 30-plus year career, Murnane has been involved in over $3 billion in commercial real estate transactions, as a lender/manager and owner, within all industry segments.
Murnane is highly skilled in all facets of commercial real estate financing, structuring and management and has written numerous proprietary financial analysis and modelling programs. He has a specific expertise in historic and new market tax credit transaction structure and management.