Mountain Ridge Capital, an asset-based commercial finance company, hired Bill Drmacich and Jay Fabian as managing directors of business development. Mountain Ridge seeks to provide creative asset-based financing solutions that commercial banks do not wish to provide or cannot provide. As a private direct lender to middle-market businesses, Mountain Ridge does not have the restrictions that larger commercial banks do.
“Our mission is to be a lender to middle market businesses that value speed, sophistication and flexibility,” Craig Winslow, president and chief credit officer, said. “With the addition of Bill Drmacich and Jay Fabian, we have laid the cornerstones of a world class originations team”.
Drmacich, an industry veteran, is responsible for business in the Southeast market from Atlanta where he has been a member of the community for more than 25 years. Prior to joining Mountain Ridge, Drmacich spent time at HSBC, GMAC, CIT, and most recently at Ares. Drmacich is a member of the Association for Corporate Growth, the Turnaround Management Association and the Secured Finance Network.
“I am very excited to be part of a new team launching into what should be an interesting financing market over the next 12 months or so,” Drmacich said. “We have a very solid core team and substantial equity backing – essential ingredients with which to enter the financing market and make a difference for our target borrowers.”
Fabian is responsible for the Mid-west and West regions. Prior to joining Mountain Ridge, Fabian was a senior originator with First Merchants Bank and during the 15 years before that, was a highly valued contributor at Stonegate Capital and Wells Fargo.
“I am thrilled to join the Mountain Ridge team and the opportunity to get back into private credit and to work with an experienced and creative team that is focused on being a differentiated partner for its clients is one that fits squarely with my long-term career objectives,” Fabian said.
Both Drmacich and Fabian will collaborate with the rest of the Mountain Ridge Capital team to provide all forms of credit to a wide variety of lower middle market companies across the country.
