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Coleman’s Movers and Shakers

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June 16, 2016

By Bob Coleman
Editor, Movers and Shakers

Liberty SBF Secures $75 Million in B Round Capital Raise, Expands Credit Facility Commitments, Expands Relationship with Capital One

“Liberty SBF expects to originate over $200MM in 504 loans in the next 12 months on asset types that range from industrial and self-storage facilities to hotels among others,” says Alex Cohen, Chief Executive Officer, Liberty SBF. “By increasing our already substantial nationwide network we will help serve more small businesses seeking commercial property financing.”

“We’re excited to invest directly in a platform that is revolutionizing the commercial real estate lending business,” says Elie Brender, Chief Investment Officer, Exigent Alternative Capital. “Liberty SBF’s lending focus and existing portfolio presents a compelling opportunity that is consistent with our investment strategy.”

Read the full Press Release

Shannon Hay Joins United Community Bank as Vice President, SBA National Business Development Officer, CPA Market

“We are pleased with the growth our SBA team has driven over the past year,” says Rich Bradshaw, president of specialized lending at United Community Bank. “The addition of Shannon and his expertise in practice solutions will allow us to expand into a new sector, continue our steady growth and be a reliable financial partner for small business owners across the country.”

Bonnie Jessen and Harvey Torres Join Bank of the West as VP, Business Devleopment Officers

Bonnie Jessen has joined the company as vice president, SBA Business Development Officer. In this role, Jessen is responsible for providing SBA 504 and 7(a) loans to small-and medium-sized business clients in Phoenix and the surrounding areas. Harvey Torres has rejoined the company as vice president, SBA Business Development Officer. In this role, Torres is responsible for providing SBA and owner-occupied commercial real estate loans to small-and medium-sized business clients in the Southern California market with an Orange County/Inland Empire focus.

Lisa Murgatroyd Joins Northeast Bank as Vice President, SBA Business Development

“We are very excited Lisa has joined our SBA team in order to provide financing to small businesses in the Mid-Atlantic region,” said Rick Wayne, President and CEO. “Small businesses are critical to job creation and prosperity and we are pleased to be offering new capital to help them grow. With more than 15 years of experience, Lisa will be instrumental in helping the bank support the needs of current and prospective small business customers in the years ahead.”

Calendar

2016 Mid-America Lenders Conference, August 17-18, Houston

America East, August 24-26, Philadelphia

The SBIC Summit: Increased Profit, Improved Regulatory Compliance, September 13, San Francisco

America’s SBDC, September 19-22, Orlando

FLAGGL 2016, September 21-23, Orlando

National Alliance of Commercial Loan Brokers 2nd Annual Conference, October 4-6, Las Vegas

LEND360, October 5-7, Chicago

NAGGL Annual Meeting, October 31-November 2, Scottsdale

NADCO Annual Meeting, November 7-10, San Francisco

Ninth Annual Secondary Market Summit, December 5-6, Washington D.C.

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