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Stonebriar Commercial Finance Expands With Creation of SCF Realty Capital

April 20, 2016, 07:54 AM
Filed Under: Real Estate

Stonebriar Commercial Finance announced the 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.

Mavoides 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.

Mavoides 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."

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