Daily News: August 1, 2019

White Oak Adds Chaudhry and Maitland to ABL Team


White Oak Commercial Finance hired Sudhir Chaudhry and Kevin Maitland as underwriters, further increasing the company’s originations presence across the U.S.

Chaudhry joins White Oak’s Los Angeles office bringing nearly 25 years of structured finance and underwriting experience. Maitland joins White Oak in Boca Raton with more than 14 years of asset-based lending and commercial banking experience.

“Small and medium-sized businesses across the U.S. are increasingly turning to non-bank lenders like White Oak to help them achieve their growth plans,” said Robert Grbic, President & CEO of White Oak Commercial Finance. “We are continuing to add to the White Oak team deeply experienced talent committed to creating bespoke solutions tailored to our clients’ needs, and welcome both Sudhir and Kevin whose backgrounds lend ideally to our client-focused mandate.”

Chaudhry most recently served as a vice president and senior underwriter for Ares Commercial Finance in Los Angeles where he conducted due diligence on and underwrote loans for businesses with revenues between $50 and $500 million. Chaudhry joined Ares after the portfolio at First Capital Corporation was acquired by Ares. Prior to First Capita, he held various roles in structured and corporate finance with Celtic Capital, Reliance Investments, Guaranty Business Credit, Southern Pacific Bank, and CIT Bank.

Maitland has worked on more than 350 middle-market financing transactions, primarily between $20 and $150 million in commitments over his career. He most recently served as a vice president and senior underwriter for PNC Business Credit. Before joining PNC, he spent 13 years with Wells Fargo Bank in various roles, including as a portfolio manager and senior ABL underwriter in the Equipment Finance and Capital Finance teams.