CRE

Hunt Mortgage Group Hires Penny Newton as VP

By Joyce C. Dimaculangan

Commercial real estate lender Hunt Mortgage Group announced that Penny Newton has joined the business as Vice President in the Small Loan Group. In this capacity, Newton is responsible for sourcing and originating Freddie Mac and Fannie Mae small loans for clients in Colorado and the surrounding area. Based in Denver, Colorado, she reports to Rick Warren, Senior Managing Director Mortgage Banking.

Penny Newton Hunt Mortgage GroupNewton has nearly 25 years of experience in commercial mortgage and bank lending. Most recently, she was a Vice President at Grandbridge Real Estate Capital/BB&T Bank, where she served as a commercial banker for agency debt, Freddie Mac and Fannie Mae, insurance companies, CMBS and commercial banks.

Previously, she served as Client Manager, Commercial Term Lending at Chase Commercial Term Lending, and Vice President-Lender at Horizon Banks. She also worked at GMAC Commercial Mortgage, KeyBank and Midland Loan Services.

Hunt Mortgage Group is pleased to have Newton on board. “She is well known in the local commercial real estate community as a seasoned versatile lender with an established reputation for her certainty of execution and fast delivery, including multiple property closings,” commented Warren.

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Republic Bank Hires Bruce Krah as VP, CRE Lender

By Joyce C. Dimaculangan

Republic Bank has hired Bruce Krah as Vice President, Commercial Real Estate Lender. In this capacity, Krah is responsible for developing commercial real estate business opportunities in the Pennsylvania and Southern New Jersey markets.

Republic BankKrah brings nearly 30 years of experience in the banking industry to his new role. Prior to joining Republic Bank, he was a Senior Commercial Lending Officer at Malvern Federal Savings Bank, where he managed and developed commercial real estate transactions through to settlement, as well as spearheaded new initiatives to increase annual loan volume production.

He spent seven years as President and Chief Financial Officer at Greystone Financial Group, Inc., a company that provides equipment and real estate leasing and financing solutions for businesses in West Chester, Pennsylvania. During his tenure at Greystone, he structured credit underwriting and processing, managed relationships with funding partners and increased customer retention.

Republic Bank is pleased to have Krah on board. “His senior-level experiences at both banking institutions and commercial real estate firms exhibit his versatility and wide range of expertise. Bruce has demonstrated the ability to develop and maintain investor and customer relationships, which will prove to be an invaluable skill in this role,” said Harry Madonna, Chairman and CEO.

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Leigh Ann Henderson Joins Partner ESI

By Joyce C. Dimaculangan

Partner Engineering and Science, Inc. announced that Leigh Ann Henderson has joined the company as a Principal and National Client Manager. She will be based in Houston, Texas and will be in charge of providing risk management services to regional and national banks and credit unions involved in construction lending.

Leigh Ann Henderson Partner ESIHenderson brings almost 20 years of experience in the construction risk management industry to Partner ESI. Her past experience includes developing a strong base of regional and national bank and credit union clients, providing full-scope construction funds management and inspections services.

As an expert in the industry, she has been a speaker on Construction Risk for various lender industry conferences, including the Houston Association of Government Guaranteed Lenders (HAGGL), Central Texas Association of Government Guaranteed Lenders (CTAGGL) and Mid-America Lenders conferences.

“Construction lending is risky, and in this market it is critical that lenders take a proactive approach to managing those construction risks. Leigh Ann will be a fantastic advocate for more proactive, cost-effective tools that will enable construction lenders to better manage risks while taking advantage of today’s favorable market conditions,” said Joe Derhake, CEO of Partner.

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Florence Bank Names Downey VP of Comm’l Lending

By Joyce C. Dimaculangan

Massachusetts-based Florence Bank has appointed Henry Downey as Vice President of Commercial Lending. Downey brings over 10 years of experience in the banking industry to his new role.

Henry Downey Florence BankPrior to joining Florence Bank, Downey served as Senior Vice President and Team Leader in the Commercial Lending Department at Chicopee Savings Bank. Previously, he was the Assistant Vice President, Commercial Lender at TD Bank in Springfield, and as an Analyst at HSBC Securities, New York City.

John F. Heaps, Jr., President and CEO of Florence Bank, stated, “Hank is a great addition to our Florence Bank family. He is someone with significant banking experience and an active member of the community. We look forward to having him as part of our team.”

“It is a great opportunity to be affiliated with Florence Bank, which has such an excellent reputation and does so much good in the community,” said Downey. “Everyone here has made me feel right at home from the beginning.”

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TD Bank Adds Sanders as Sr Relationship Manager

By Joyce C. Dimaculangan

TD Bank has named Lisa A. Sanders as Senior Relationship Manager in Commercial Lending. In her new role, Sanders will be responsible for maintaining and growing a portfolio of loans and cross selling the full range of TD Bank’s products and services to mid-sized companies throughout southern Connecticut. She will be based out of the Bank’s office in Wilton, Connecticut.

TD Bank LogoSanders brings 33 years of experience in banking and lending to her new role. She spent the past 24 years with Bank of America in Stamford, Connecticut, where she most recently held the position of Senior Vice President, Commercial Real Estate. With Bank of America, she originated and managed several profitable corporate and project loan portfolios, and was responsible for transactions ranging in size from $20 million to $1 billion.

Prior to that, she served as Vice President, CRE at HSBC, where she was in charge of a portfolio of real estate companies headquartered in New York City. She also was the Assistant Vice President at M&T Bank. She holds NASD Series 7 & 63 licenses.

A resident of Ridgefield, Connecticut, Sanders serves on the boards of the Stamford Partnership and the Housing Development Fund, Inc. (HDF), where she also serves as Treasurer. She earned an undergraduate degree in Political Philosophy from Kenyon College and an MBA in Finance and Quantitative Methods from Fordham University in New York City.

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TD Bank Promotes Mincey to Regional Director, CRE

By Joyce C. Dimaculangan

TD Bank is pleased to announce the promotion of Donald R. Mincey to Senior Vice President, Regional Director for Commercial Real Estate in Florida. In his new role, Mincey will continue to lead the Bank’s CRE team in Tampa, Boca Raton and Coral Gables, as well as manage the full range of CRE’s finance activities in the state.

Donald Mincey TD BankMincey has 39 years of experience in banking and lending. He joined TD Bank in 2008 and prior to his promotion, he served the Bank as SVP-CRE.

Before joining TD Bank, he worked for the Investment Real Estate Division at National Bank, where he managed the west coast of Florida.

He has existing and prior affiliations with the Real Estate Investment Council in Tampa, the International Council of Shopping Centers and has served as Chairman of the Tampa Bay chapter of the National Association of Industrial and Office Properties. He is the former Chairman of Neighborhood Lending Partners, a $100 million consortium of regional lenders financing affordable housing projects across Florida.

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Gustafson Joins Crown Bank as VP, Comm’l Banking

By Joyce C. Dimaculangan

Crown Bank is pleased to announce that Ashley Gustafson has joined the business as Vice President, Commercial Banking. In this capacity, Gustafson will concentrate on commercial and investment real estate activities of the Bank. She will be based in the Bank’s office in Minneapolis.

Ashley Gustafson Crown BankGustafson brings an extensive background in SBA, 7a and 504 loan programs to her new role. Before joining Crown Bank, she served as a commercial lender at 21st Century Bank. She also has experience as a project coordinator and office manager in real estate offices in Minneapolis and Duluth.

Crown Bank is looking forward to having Gustafson on board. According to Peter Dahl, CEO of Crown Bank, “Commercial banking and real estate investment are specialties of Crown Bank. Ashley’s experience and her focus on providing excellent service to her clients mesh perfectly with Crown Bank’s vision as a premier, community focused bank.”

Gustafson earned a bachelor’s degree from The College of St. Scholastica.

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Pinnacle Names Second CRE Hire

By Joyce C. Dimaculangan

Pinnacle Financial Partners is pleased to announce the addition of Tyler Muesch as Senior Vice President and Financial Advisor. Muesch will be working out of the company’s home office in Nashville, Tennessee.

Tyler Muesch Pinnacle Financial PartnersWith nine years of financial services experience, Muesch joins U.S. Bank veteran John Cannon, who recently joined the company as its first senior CRE lender.

Muesch comes to Pinnacle from Regions Bank, where he most recently served as a commercial real estate relationship manager.

In the seven years he spent at Regions, he held various roles including Credit Underwriter and Special Assets Credit Manager, where he was responsible for the direct credit management of a $200MM commercial real estate portfolio within the Special Assets Division.

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ReadyCap Commercial Adds Loan Officer Harris

By Joyce C. Dimaculangan

ReadyCap Commercial, LLC, a non-bank direct portfolio lender, announced the addition of Oliver Harris as a Loan Officer, covering the Mid-Atlantic region. ReadyCap specializes in small-balance commercial real estate loans and offers flexibility on general structure and considers the total picture of the borrower and property.

ReadyCap CommercialHarris brings more than 13 years of experience in commercial real estate lending to his new role. Throughout his loan origination career, he has originated approximately $1 billion in loans.

Harris’ expertise includes underwriting, originations of HUD/FHA and conduit loans, and data analysis. ReadyCap said his extensive background in deal structuring and commitment to developing customer relationships are advantageous to the company’s clients, which include bankers, borrowers, business owners, commercial brokers, and referral partners.

Prior to joining ReadyCap, Harris served as a Loan Originator at CW Capital, LLC, where he was in charge of underwriting and structuring commercial real estate loans, analyzing property data and conducting property inspections, to provide clients with loan quotes and applications. Before that, he was an Analyst where he was responsible for coordinating marketing events, preliminary loan analysis and office operations for CW Capital.

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Bellwether Enterprise Hires Krupoff VP in Irvine

By Joyce C. Dimaculangan

Bellwether Enterprise Real Estate Capital LLC announced that it has hired Jason Krupoff as Vice President. In this capacity, Krupoff will work from the company’s Western Regional office in Irvine, California and be actively involved in the origination of multifamily and commercial real estate loans throughout the United States.

Jason Krupoff Bellwether EnterpriseKrupoff joins Bellwether Enterprise from Walker & Dunlop, where he most recently served as Vice President of Loan Origination. He was in charge of sourcing and closing multifamily and commercial loans with a variety of institutional investors.

Before that, Krupoff served a similar role at Berkadia Commercial Mortgage, where he originated multifamily and commercial loans. He also held top leadership roles at Hunt Investment Management, GMAC Commercial Mortgage, and Sares-Regis Group. Over the last 8 years, he has originated $1.050 billion in commercial loans nationwide.

According to Ned Huffman, President of Bellwether Enterprise, “Over the course of his career, Jason has had extensive success in originating multifamily and commercial real estate loans, and we are confident he will deliver significant value to our clients in the Western region.”

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