Red Oak Financial, a Michigan-based commercial real estate finance company, is expanding its national platform in California. The firm is opening a new office at 4 Venture in Irvine, and bringing on three new members to its growing team. The new additions include loan underwriter Jim Giovanni, loan administration manager Desiree Gruer and loan analyst Nicholas Schroeder.
“Red Oak’s expansion into California is aligned with client demand for a capital partner on the West Coast that can deliver bridge lending options across the country,” said Red Oak CEO Gary Bechtel, who will be based in the new Irvine office. “We continue to build Red Oak into a leading national commercial real estate finance platform. That is being accomplished by building a team of experienced lenders that can identify and deliver financing requested by high-quality sponsors and their intermediaries in key U.S. markets.”