We are excited to announce that Piermont Bank is now supporting commercial real estate businesses in Southern California. As a digital bank built for the modern entrepreneur, we are ready to meet California’s businesses where they are.
Since our inception in 2019, Piermont Bank has provided a superior financing experience for commercial real estate owners, operators, and investors. The Bank has grown tremendously in the last three years, reaching a total asset of over $440 million as of Q2 2022. With a pristine lending portfolio and strong capital position, Piermont Bank is ready to expand its reach to the Southern California market.
“We are entering the Southern California market backed by the success we have already enjoyed in the Greater New York market. We have put together a team of Commercial Real Estate bankers based in Southern California, who have expertise in supporting CRE businesses and local market knowledge,” said Wendy Cai-Lee, Founder and CEO of Piermont Bank.
Sabrina Liu, who was previously a Senior Vice President in Real Estate Lending at Pacific Western Bank, recently joined Piermont to lead the CRE team in Southern California. Sabrina brings over 17 years of commercial real estate lending experience and has an MBA from University of Southern California. She has demonstrated an exceptional track record in loan origination and portfolio management, closing approximately $2.8B in real estate loans during her career. She will be leading Piermont’s expansion on the West Coast.
When you work with Piermont, you can:
• Get fast-paced successful closing, we are built for speed and can respond to inquiries within the next business day and with a completed loan package we can deliver a decision within three days.
• Enjoy Competitive Rates, armed with a pristine portfolio and a strong capital position to lend, we can offer competitive financing rates, including mixed-use and bridge to stabilization loans.
• Expect certainty of execution, our closing rate is 98% after a signed term sheet.
• Navigate the current market, Piermont’s experienced commercial real estate relationship managers have the capacity and tools to quickly deliver out-of-the-box, customized financing solutions.
Piermont Bank can be a valuable partner during this challenging economic environment. California commercial real estate borrowers will find that Piermont offers product sophistication that is right sized for their businesses.
To learn more, please visit our Commercial Real Estate page