CIT Northbridge Credit named Sandy Thomson a managing director for business development activities across the western United States.
Thomson, based in Los Angeles, will be responsible for sourcing new asset-based loan opportunities ranging from $15 million to $150 million. In most cases, these credit facilities will be available to business borrowers that may not currently fit the profile required by regulated institutional lenders.
Thomson’s appointment represents a strategic expansion by CIT Northbridge Credit into the West, where it has not previously had a business development presence.
“We are pleased to welcome Sandy to our team of alternative asset-based lenders,” Neal Legan, who leads CIT Northbridge Credit, said. “Her outstanding credit and marketing skills, her solid reputation and her track record of success in supporting clients make her the perfect choice for this role. We look forward to her contributions to the team’s overall accomplishments.”
Thomson’s career has encompassed business financing on behalf of lenders in the West. In her most recent post, she served as a senior vice president for loan originations at Wells Fargo Capital Finance. Her earlier roles included lending positions at U.S. Bank Business Credit, LaSalle Business Credit and Fleet Capital.
Thomson is a member of the Association for Corporate Growth, the Turnaround Management Association and the Secured Finance Network.
