Affinity Bank Renews Portland Presence

PORTLAND-Affinity Bank, the Ventura, CA-based commercial real estate lender with a strong Portland connection, has a new regional manager for the Portland loan production office it launched in January.

Clain Brandt, a veteran commercial mortgage banker educated at OSU and PSU, is now overseeing the firm’s lending operations throughout Washington and Oregon, says the company’s National Sales Manager James Barnett, adding that company president Michael McGuire and two of his senior vice presidents also are former residents of Oregon.

Affinity, which focuses on permanent loans from $500,000 to $5 million, has about $530 million in assets and generates about $300 million annually in commercial mortgages, “selling a lot of them into the secondary market,” says Barnett. Brandt tells GlobeSt.com the company anticipates lending not less than $50 million over the next 12 months throughout the Northwest states of Oregon and Washington.