Daily News: May 9, 2014

Opus Hires Managing Directors, Expands Structured Finance


Opus Bank announced Anthony Papadakis and Kevin Joseph have joined Opus as managing directors in Opus’ Structured Finance division.

Papadakis, a 30-year banking and finance veteran, is responsible for further expanding Opus’ Structured Finance client base in major metropolitan markets throughout Northern California, including the San Francisco Bay Area.

Papadakis joins Opus most recently from Inside Valuation, where he was responsible for the product type and market area expert review of valuation opinions from 2010 to 2014. From 2005 through 2010, Mr. Papadakis served as senior director with Wrightwood Capital, where he originated construction, bridge, and structured loans in Northern California and the Pacific Northwest.

From 2002 to 2005, Papadakis was responsible for re-underwriting and providing updated risk ratings on acquired commercial real estate loans for Union Bank of California. Earlier in his career, Mr. Papadakis served in business development positions with DaimlerChrysler Capital, JPMorgan Capital, USL Capital, and Consolidated Capital Equities Corporation.

Joseph, an 18-year banking and finance veteran, is responsible for further expanding Opus’ Structured Finance client base in major metropolitan markets throughout Southern California, including Los Angeles and Orange Counties.

Joseph joins Opus most recently from Sterling Bank/Intervest Mortgage, which recently merged with Umpqua Bank, where he served as director of loan production, Commercial Real Estate and focused on structuring and providing debt capital to real estate investors for multifamily residential properties and commercial real estate.

From 2011 to 2012, Joseph served as vice president, Commercial Real Estate for OneWest Bank. From 2001 to 2009, Joseph served as vice president for KeyBank where he was responsible for restructuring a $200 million commercial real estate portfolio and a $125 million portfolio of troubled loans, which were successfully transitioned to performing status.

Earlier in his tenure with KeyBank, Joseph served as vice president, relationship manager and originated construction and structured loans for clients comprised of middle market real estate developers and investors.

Earlier in his career, Joseph served as assistant vice president for Tokai Bank’s Commercial Real Estate Group and as assistant vice president for Sanwa Bank’s Corporate Group.