Stonebriar Commercial Finance announces the expansion of its Realty Capital management team with the addition of Gregg Seibert as EVP and Chief Operating Officer.
Stonebriar Commercial Finance ("Stonebriar") is a rapidly growing diversified commercial finance company seeking to provide creative financing solutions for middle market and unrated borrowers that are underserved in the current market from a capital perspective. "Adding real estate financing and sale-leaseback capabilities to our capital solutions is the next logical step in the evolution of our Company into a full-service capital provider" said Dave B. Fate, President and CEO of Stonebriar. "I am very pleased that Pete Mavoides has been able to reunite with Gregg and reconstitute the team that successfully deployed over $2 billion while working together. I believe the pairing of these two industry leaders will allow us to deliver great results to our customers and position the SCF -Realty Capital platform for great success" Fate added.
Seibert is a seasoned executive with over 20 years of experience in the single tenant, net lease industry. He is the former Chief Investment Officer of Spirit Realty Capital, a public company traded on the NYSE, where he started at the company at inception in 2003 and led investment, credit, debt and acquisition functions through its IPO in 2012 while building the portfolio to over $10 billion in assets. Prior to that, he spent nine years as a Senior Vice President with Franchise Finance Corporation of America and its successor GE Capital Franchise Finance.
Seibert added "I am excited for this next step, which is a logical progression in my career and to work with Pete and this team again. In seeking a group to grow a business focused on financing and owning single tenant operational real estate, Stonebriar stood out as having a clear competitive advantage due to the flexibility and availability of its capital and the ability to deliver a full range of financing products to its clients."
"I am very excited for Gregg to be a part of the Stonebriar team" said Paul T. Bossidy, Chairman of Stonebriar. "With his real estate, acquisition, credit and capital markets expertise, I am confident that Stonebriar will quickly become a leading, full-service capital provider to our target market, which is currently starved for creative capital solutions."
SCF Realty Capital is a privately held real estate operating company established in 2016 and based in Princeton, NJ. With financial backing from Security Benefit Corporation and Stonebriar Commercial Finance, SCF Realty Capital is building a diversified portfolio of high quality single tenant assets. SCF currently manages a portfolio of 263 single tenant properties in 38 states in the following industries: quick service, family and casual dining restaurants, convenience stores, automotive service, urgent care and medical office, grocery and specialty retail sectors.