Celebrating Outstanding Achievements in Commercial Real Estate
Annual Awards Recognize Leaders in the Industry
The CRE Finance Council (CREFC) proudly announced the recipients of its prestigious awards at an annual conference. This year's highlight was the recognition of Lea Overby as the Woman of Distinction and Toby Cobb as the recipient of the esteemed Founders Award.
Lea Overby: A Trailblazer in CRE Finance
CREFC's Woman of Distinction Award honors female professionals in commercial real estate finance who exemplify leadership traits and advocate for inclusivity. Lea Overby, Managing Director and Head of U.S. Commercial Mortgage-Backed Securities (CMBS) Research at Barclays, received this distinguished award.
With over 25 years in the CRE finance industry and a devoted CREFC member since 2010, Ms. Overby has excelled in various leadership roles within the CMBS landscape. Her previous experience includes heading CMBS research at Wells Fargo Securities and overseeing analytics and research at Morningstar Credit Ratings.
Ms. Overby is not just a participant; she is an influential voice in the sector. Her moderation of numerous panels at CREFC conferences has engaged audiences and enriched discussions regarding the CMBS markets. Additionally, she serves on the CREFC Women's Network Advisory Board, fostering a space for women professionals in the field.
"Receiving this award is a profound honor, and I appreciate being recognized among many talented women professionals who have shaped our industry. Participating in CREFC's conferences allows me to contribute to important conversations about the CMBS markets," expressed Ms. Overby.
Endorsements from CREFC Leaders
Lisa Pendergast, President and CEO of CREFC, praised Ms. Overby's unwavering commitment to the association and the broader CRE finance community. "Her insights into market dynamics have educated and influenced investment decisions for decades, making her a vital asset to our membership," stated Pendergast.
Toby Cobb: A Leader in Innovation and Service
CREFC's Founders Award is awarded to professionals who have significantly contributed to the advancement of the organization and the commercial real estate finance industry. Toby Cobb, Co-Founder and Managing Partner of 3650 Capital, received this notable honor for his extensive experience and impactful contributions over three decades.
Mr. Cobb has been a CREFC member since 1997. His responsibilities include loan origination, managing capital markets and financing operations, and overseeing 3650 Loan Servicing. His involvement spans from restructuring LNR Property LLC, where he served as Co-Chief Executive Officer, to holding senior roles at Deutsche Bank Securities during key times of economic adversity.
"I am honored by this recognition from my peers at CREFC, a cornerstone of the commercial real estate market. I look forward to continuing to contribute to our industry's growth," said Mr. Cobb regarding his award.
Pendergast recognized the significance of Mr. Cobb's contributions, stating, "For three decades, Toby has been a key innovator in CRE finance, guiding the market through challenging periods and supporting CREFC through his varied experiences."
About the CRE Finance Council
The CRE Finance Council (CREFC) serves as the principal trade association for the commercial real estate finance sector, representing nearly $6 trillion in financing activity. With around 400 member firms and 19,000 individual professionals, CREFC encompasses a diverse network that includes lenders, investors, equity firms, rating agencies, and service providers.
For over 30 years, CREFC has championed vital principles like liquidity, transparency, and efficiency within the finance markets. The council stands as a legislative advocate, defines market standards, and offers education that empowers participants in the commercial real estate finance landscape.
Frequently Asked Questions
What is the CREFC's Woman of Distinction Award?
The CREFC's Woman of Distinction Award recognizes extraordinary leadership and contributions of women professionals in commercial real estate finance.
Who won this year's Woman of Distinction Award?
This year's recipient is Lea Overby, a notable leader in the CMBS research field at Barclays.
What does the Founders Award signify?
The Founders Award acknowledges an individual’s significant contributions to the CREFC and the overall commercial real estate finance industry.
Who was awarded the Founders Award in 2025?
Toby Cobb, Co-Founder and Managing Partner of 3650 Capital, received the Founders Award for his leadership and innovative contributions.
What role does CREFC play in the industry?
CREFC promotes best practices in commercial real estate finance, advocates for the industry, and offers critical education to its members.
