Daily News: April 18, 2013

EverBank Hires Foster as Business Development Manager

EverBank Commercial Finance announced the most recent addition to the firm’s growing Healthcare platform. Mike Foster joins EverBank Commercial Finance as business development manager. Foster will report directly to Justin Tabone, vice president of Healthcare Business Development. He will be based out of Mount Laurel, NJ.

“Mike’s ability to understand client needs and help them navigate the most effective leasing and financing structures, combined with his healthcare technology savvy, make him a real asset to the team,” said Tabone. “Mike will be essential in expanding EverBank Commercial Finance’s robust roster of clients and will also work to develop new markets, ensuring that as a customer’s business evolves, we are able to anticipate and serve those needs.”

Foster will be responsible for originating and managing vendor programs across the EverBank Commercial Finance healthcare platform. Specific markets include imaging, surgery and healthcare technology, though he will also focus on developing new segments across the healthcare spectrum in his new role.

A standout at his previous firm, Marlin Business Services Corporation, Foster was credited with increasing annual sales volume over nearly half a decade.

Prior to his time at Marlin, Foster served at LNB Commercial Capital as a wholesale account manager where he analyzed and funded commercial deals valued from $50 million to $100 million in addition to overseeing more than 260 client and investor relationships.

EverBank Commercial Finance provides equipment financing, asset-based lending and specialized financial solutions to U.S.-based businesses.