The CRE Finance Council (CREFC) announced the selection of Toby Cobb as chairman of the CREFC Executive Committee and the board of governors for 2026-2027.
Cobb is co-founder and co-managing Partner of 3650 Capital, where he is jointly responsible for loan origination, capital markets, financing activities, and oversight of 3650 Loan Servicing. He is also a member of the firm’s investment committee and serves as co-CEO of Grass River Property, a 3650 Capital affiliate focused on adaptive reuse and transit-oriented development projects. In June 2025, he received CREFC’s Founders Award, the organization’s highest honor, recognizing his outstanding leadership and contributions to the industry.
Cobb succeeds outgoing Chairman Leland F. Bunch III, managing director and head of capital markets and banking for Bank of America’s U.S. Real Estate Structured Finance Group.
“On behalf of CREFC and our membership, I am pleased to congratulate Toby Cobb on his selection as chair of the executive committee and board of governors,” said Lisa Pendergast, president and CEO of CREFC. “Toby’s extensive experience across lending, capital markets, servicing, and investment management, coupled with his longstanding commitment to CREFC and the broader commercial real estate finance industry, make him exceptionally well suited for this leadership role. I would also like to thank Leland Bunch for his outstanding leadership over the past year and for his continued service as immediate past chair.”
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