Stonebriar Commercial Finance announces the further expansion of its capital solutions for clients with the creation of SCF Realty Capital and the hiring of Pete Mavoides as President.
Stonebriar Commercial Finance (“Stonebriar”) is a rapidly growing diversified commercial finance company seeking to provide creative financing solutions for middle market and unrated borrowers that are underserved in the current market from a capital perspective. “Adding real estate financing and sale-leaseback capabilities to our capital solutions was the next logical step in the evolution of our Company into a full-service capital provider” said Dave B. Fate, President and CEO of Stonebriar. “I am very pleased that an executive of Pete’s caliber and reputation has joined Stonebriar to help us build a market leading real estate capital solutions platform,” Fate added. Pete is a seasoned executive with over 18 years of experience in the single tenant, net lease industry. He is the former President and COO of Spirit Realty Capital, a public company traded on the NYSE, where he helped to lead the company through its IPO while building the portfolio to over $8 billion in assets. Prior to that, he spent seven years as President and CEO of Sovereign Investment Company, a private equity firm focused on net leased real estate assets.
Pete added “In seeking to find a partner to grow a business focused on financing and owning single tenant operational real estate, Stonebriar stood out as having a clear competitive advantage due to the flexibility and availability of its capital and the ability to deliver a full range of financing products to its clients”
“I am very excited for Pete to be a part of the Stonebriar team” said Paul T. Bossidy, Chairman of Stonebriar. “With his real estate and team building expertise, I am confident that Stonebriar will quickly become a leading, full-service capital provider to our target market, which is currently starved for creative capital solutions.”
About Stonebriar Commercial Finance: Stonebriar is a privately held commercial finance company established in 2015 and based in Plano, TX. With financial backing from Security Benefit Corporation, Stonebriar is building a world class, multi-billion dollar platform of commercial loans and leases. Since its inception in April 2015, Stonebriar has committed to in excess of $850M in financings with over $700M funded to date. We specialize in transactions for businesses in a wide variety of industries (Rail Leasing, Business Aviation, marine, manufacturing etc.) throughout the entire credit spectrum located in the United States, Canada and select other foreign jurisdictions.
About Security Benefit Corporation: Security Benefit has more than $28 billion in total assets under management and partners with more than 30,000 licensed and appointed financial planners and representatives through a network of 700 broker/dealers and independent marketing organizations. In addition, Security Benefit Life Insurance Company (“SBL” and its New York affiliate, First Security Benefit Life Insurance and Annuity Company of New York (”FSBL”), provide fixed and variable annuities to approximately 230,000 policyholders. We are known nationwide and serve the financial needs of customers in all 50 states. To learn more about Security Benefit go to www.securitybenefit.com.
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