http://www.hgllc.com/company/Click-n-Done/click-n-done.htm
The move comes at a tumultuous time for the banking and realestate industries, both heavilg impacted by the economic downturn. Both of theire challenges are linked, Decker noted in an interview Tuesday, by a lack of commercial real estate financin g flowing from banks to developers seeking to startf new construction or refinanceetheir short-term construction loans. “Financing for those markets has been a challenge for the and for the commercial for the past12 months,” the 55-year-oldc Howard County resident said. “The pressure is on, heavily, in tryin to find a commercial bank that is financing to do startup properties.
” Decker began working at MacKenzies Capital LLC on Monday after 30 years in the commercial real estatw financing business. He previously servee as senior vice president and headof Provident’a real estate lending division, a position he was promotes to in May 2006. While at Provident, he was involvedf with the closing of morethan $1.5 billio n in commercial and residential real estate He also established Provident’s residential constructio n lending departments for its Maryland and Northerhn Virginia office. Decker admits his job at MacKenzie won’t be easy, at least for the next as few banks are showintg signs of loosening up their creditstandards significantly.
But amid the ongoinf credit crunch, Decker said he hopes to use his bankinv experience to advise developers on their options and how best to seek out ways to fundtheid projects. “He’s a senior guy, and he’s been around for a long Glenn Ercole, senior vice president of MacKenzie Capital, said in a telephone interview. “The best reason he fits so wellis that, in his he has built up a lot of trustf with his clients.” Ercole said now more than ever developers are looking for help on how to finance their and experts like Decker bring both an insider’w insight into the banking industry and a level of trustg built up over his 30 years in the industry.
Deckert graduated from with a master’s degree in management and from witha bachelor’se degree in business administration. Prior to joininh Provident in 1986, Decker served as a commerciakl real estate loan officer at First Nationall Bankof Maryland, also an acquisition of M&T Bank. M&fT Bank acquired Provident Bank ina $401 million deal that closed May 26. Decke r said he left M&T Bank of his own volition to pursue other areas withinb the real estatelending industry.
He said he respectsx M&T’s local leadership, and pointed to the bank’as retention of the rest of Provident’s real estate lending group as an example of how Greateer Baltimore factors into its futurebanking
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