Eastern Funding, LLC announced that industry veteran Matt Westphal has joined Eastern Funding as a Loan Officer. Westphal has more than 12 years of experience in commercial laundry equipment lease and loan originations and is skilled in cultivating new distributor relationships and maintaining those relationships over many years.

He has extensive experience in Coin & Card Operated laundries, OPL and the Multiple Housing sectors. He has worked with commercial laundry distributors throughout the U.S., helping to grow their business with creative financing solutions.

Tony Regan, Senior Vice President of Sales and Marketing, said, “Matt is an established commercial laundry lender whose extensive knowledge of our industry will be a valuable resource to both equipment distributors and borrowers. We are excited to add him to our team as we continue to secure Eastern Funding’s position as the leader in commercial lending.”

Westphal is based in Ripon, WI, and will work closely with Eastern Funding’s New York City-based operations to expand its national reach.

Eastern Funding, a subsidiary of Brookline Bank, is a commercial lender to vended laundries, dry-cleaners, convenience stores and other businesses.