NEW YORK, March 26, 2018 (GLOBE NEWSWIRE) -- ReadyCap Commercial, LLC (www.readycapcommercial.com), has hired new team members in Chicago and New York to expand the Bridge Lending team. Mark Blaha joins the Bridge Lending Team as a Director of Originations to cover the Chicago and Midwest regions. ReadyCap has also added Fernando Mendez as an Associate Director and Joram Coxworth as a Production Analyst, to the New York City office. To accommodate the Bridge Lending Team’s growing client base, ReadyCap has also expanded in the last year with the opening of a California office to cover the West Coast. The Bridge Lending Team is headquartered at the Sutherland Asset Management offices located in New York City.
Blaha comes to the ReadyCap Commercial Bridge Lending Team with more than 7 years of commercial real estate lending and finance experience in the Chicago and Midwest markets, where he previously served as AVP Commercial Banker at MB Financial Bank. With Blaha joining the team, a ReadyCap Bridge Lending office has opened in Chicago to broaden its presence in the region. Mendez joins the ReadyCap Commercial Bridge Lending Team with experience as an RAIT Financial Trust Originations Associate in Philadelphia, to focus on new originations. Additionally, Joram Coxworth, who previous served as a Credit Analyst with M&T Bank, was added to the New York City office to support originations.
The opening of the new Chicago office and additional team members in New York and Chicago will grow the nationwide Bridge Lending platform after Jordan Goforth opened the Bridge Lending Team presence this past summer on the West Coast.
Led by Managing Director David Cohen, based in New York City, the ReadyCap Bridge Lending team has grown to maintain a strong presence from coast to coast. Visit Ready Capital Structured Finance page to view the Bridge team’s recent transactions and more information pertaining to the Bridge offices.
For more information, contact Managing Director, David A. Cohen, at dcohen@rclending.com.
About ReadyCap Commercial, LLC
ReadyCap Commercial (www.readycapcommercial.com), headquartered in Irving, Texas, is a non-bank, portfolio lender offering financing for small-to-mid balance fixed rate, multifamily and bridge loans nationwide. ReadyCap’s financing products for commercial real estate include fixed rate loans up to $25 million, small multifamily agency loans up to $7.5 million and bridge loans up to $40 million generally subject to minimum loan sizes of $1 million. Founded in 2012, ReadyCap is an indirect subsidiary of Sutherland Partners, L.P., the general partner of which is Sutherland Asset Management Corporation "Sutherland"). Sutherland, a REIT, is a publicly-traded real estate finance company that acquires, originates, manages and finances commercial real estate loans, and to a lesser extent, asset-backed securities where the underlying pool of assets consists primarily of commercial real estate loans and other real estate-related investments (NYSE:SLD).
Media contact: Mara Rothbart
mara.rothbart@readycapcommercial.com