NEW YORK CITY—Commercial bank BHI has appointed veteran Doug Rutley as head of real estate. The move comes ahead of its expansion to a national commercial real estate model aimed at streamlining and diversifying its commercial real estate loan portfolio.
Rutley joins BHI from Mid First Bank, where he served as managing director for Northeast originations for 14 years. Now, he will oversee BHI's CRE loan portfolio, deposits and client base.
With more than 30 years of CRE lending experience under his belt, Rutley has financed construction, bridge and term loans for apartment, office, industrial, retail, condo, hotel and self-storage properties.
"We look forward to Douglas bringing his years of management and origination experience to BHI and are excited to have him on the team," says Steven Caligor, BHI division executive for CRE and Healthcare, in a prepared statement statement.
In addition to assisting with the launch of BHI's new model aimed at efficiency and portfolio diversification, over the next year, Rutley is tasked to drive the business, team management and portfolio oversight, according to Caligor.
Before Mid First Bank, Rutley served as managing director at LaSalle Bank in Chicago, launching its New York real estate office and originating New York and Philadelphia CMBS loans. He also served as a commercial real estate executive at Chase, PNC Bank and Dime Savings Bank of New York.
Rutley earned a Bachelor's in business from the University of Richmond and completed New York University's Real Estate Diploma program.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
