Newport Beach, CA-based Buchanan Street Partners is expanding its bridge loan platform and adding a key executive. Matthew Doerr joined to lead Buchanan Mortgage Holdings, the company’s proprietary lending business.
Doerr brings more than 13 years of experience underwriting and managing debt and equity assets in excess of $1 billion, including roles at MUFG’s Union Bank and iStar Financial. He will lead the structuring and underwriting of loans originating from Buchanan Mortgage’s balance sheet for acquisition, construction, redevelopment or project recapitalization across Western markets.
Buchanan Street Partners’ Tim Ballard notes that recent regulatory changes imposed on banks by the Federal government provides an increased “opportunity to participate in space that was previously controlled by banks.”
The company is experiencing increased lending activity, including three recent loans totaling $30 million.
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