Based in New Jersey, Lender Finance Group will offer credit facilities ranging from $10m to $50m.
The bank has selected David D’Antonio to lead the Lender Finance Group.
Previous to this role, D’Antonio formed Diversity Capital, and investment bank that advised independent specialty finance companies for the past 12 years on raising capital and mergers and acquisitions.
Scott Gates has also joined EverBank Commercial Finance from Diversity Capital. Earlier, Gates was managing director of Diversity and was responsible for developing relationships and advising clients on the company’s financial products.
Before moving to Diversity in 2000, he was a vice president at First Union and CoreStates Bank.
EverBank Commercial Finance president Jim McGrane said that with demand for commercial financing expected to increase as the economy improves, the Lender Finance Group will allow the bank to help the commercial lending industry recover and provide funding to businesses that need it the most.
