Angel Oak Commercial Lending Grows Team With Key Hires, Including Addition to Executive Suite
The firm expands growth initiatives to focus on new talent and technology integration
ATLANTA–(BUSINESS WIRE)–Angel Oak Commercial Lending, LLC, a specialty finance company committed to meeting the underserved financing needs of commercial real estate owners, developers and investors, welcomes two new hires: Daniel Friedman as senior vice president and Gavin Pohlhaus as underwriting analyst. The new hires come on the heels of a successful small-balance commercial loan securitization. As Angel Oak Commercial Lending looks to springboard off this momentum, the firm foresees originations surpassing $250 million in small-balance commercial real estate lending in 2021 and an additional $250 million in a middle-market bridge lending strategy.
“Angel Oak has decided to take advantage of the opportunities presented by the turmoil of a difficult year and will be launching a series of debt products designed to fill the needs of our high-quality borrowers as we build a solid foundation for growth in our commercial real estate business in 2021,” remarked Rick Gallitto, co-president of Angel Oak Commercial Lending. “The hiring of Mr. Friedman and Mr. Pohlhaus is just the start. With a focus on expanding our client base and improving our technological capabilities, we feel we are in a great position entering 2021.”
Friedman joins Angel Oak in its New York office and will primarily be responsible for sourcing and structuring debt investments for the Angel Oak Commercial Real Estate Strategies group of investment funds. He brings over 14 years of experience in commercial real estate lending. Most recently, Friedman served as vice president at C-III Capital Partners, where he originated and underwrote both fixed-rate and bridge loans. Pohlhaus will work from Angel Oak’s headquarters in Atlanta, and both hires will report to co-president Nik Chillar.
“I look forward to working with the Angel Oak team and really focusing on expanding the brand footprint with institutional borrowers that benefit from Angel Oak’s debt offerings,” said Friedman. “Angel Oak has built a cutting-edge platform on the backs of a great team of industry veterans and I am excited to play a role in this growth.”
In tandem with Angel Oak’s employee growth initiatives, the firm has placed a strong emphasis on expanding and developing its technological resources. These include innovative data sciences, machine learning and intelligent credit algorithms the firm hopes to apply in developing its proprietary predictive credit modeling. The integration of these technologies supplements the team’s experience and expertise in achieving attractive results across several asset classes. Moving forward, the firm anticipates continued growth within the small-balance space and aims to increase its exposure to the institutional and middle lending market.
“As we embark on our growth initiatives, Daniel and Gavin are valuable additions who bring a variety of strengths that bolster our team,” remarked Chillar. “Their knowledge of the industry, paired with Angel Oak’s top-of-the-line technological resources, will allow us to continue offering exemplary service for our clients and further our goals within the commercial lending market.”
Angel Oak Commercial Lending intends to more than double its team this year and is actively hiring.
To learn more, visit www.angeloakcl.com.
About Angel Oak Commercial Lending, LLC
Angel Oak Commercial Lending is a specialty finance company providing solutions to meet the underserved financing needs of commercial real estate owners, developers and investors. The company provides access to debt markets for value-add transitional and stabilized projects quickly and efficiently. Angel Oak Commercial Lending offers senior mortgage loans, mezzanine loans and bridge loans on all commercial asset classes throughout the United States.
For more information, please visit www.angeloakcl.com.