NEW YORK CITY—CapitalSource, a division of Pacific Western Bank and a commercial lender to small and mid-sized businesses, has promoted Brian Skurnik to managing director, heading up the firm's real estate lending group, based here.
Brian Skurnik brings over 25 years of lending experience to his role, and joined CapitalSource in 2006. He is responsible for many facets of CapitalSource's national real estate lending efforts.
Prior to joining the company, Skurnik worked at Barclays Capital in loan originations, and also played a key role as one of the early members of the real estate group in building the lending platform. Before coming to Barclays, Brian held positions at Morgan Stanley, Deutsche Bank and Lehman Brothers where he was primarily responsible for originating and underwriting commercial real estate loans with a capital markets orientation. Skurnik also spent seven years at Heller Financial where he initially worked as a lending officer in the asset-based lending group and then transferred into the real estate division, which focused on providing value-add bridge loans.
As managing director, Skurnik will oversee a team of lending professionals while driving deal growth for non-West Coast bridge loans that run the full spectrum of property types and sizes. Tom Whitesell will continue to run CapitalSource's real estate construction lending group, which will also do West Coast based bridge loans.
In his expanded role, Skurnik will directly manage the banking teams that originate, underwrite and close real estate loans to ensure overall consistency in sourcing, structuring, and pricing new business, as well as compliance with underwriting and credit guidelines. Brian has extensive experience in the real estate debt, mezzanine and equity markets as well as securitizations.
"Brian's ample years of experience in the real estate industry, coupled with his knowledge of CapitalSource's value proposition to the market give us every confidence that he has the tools he needs to bring our East Coast real estate team to new levels of success," says Laird Boulden, EVP, chief lending officer. "He is a dedicated professional who consistently achieves stellar outcomes on behalf of his clients and our company."
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
