BHI made two strategic hires in California. James Lee was appointed senior vice president and head of California commercial & industrial. Kevin Kim has been appointed first vice president and relationship manager for the California C&I team.
The food and beverage group of BHI, a full-service commercial bank closed a total of $100 million in new financing transactions. The robust volume of transactions reflects the continued expansion of BHI’s food and beverage group.
BHI launched a new not-for-profit division, which will provide financial solutions to nonprofits. Andrea S. Kantor, a banker with 25 years of experience, will lead the new division.
BHI restructured its business team, appointing John Yoler head of BHI Commercial & Industrial and Gal Defes head of international C&I, high tech and investment services. In addition, Steven Caligor was appointed head of BHI’s commercial real estate division.
The healthcare division of BHI arranged $41.8 million in construction financing for the Oasis at Coral Reef, a new 217,123-square-foot senior living facility under development in Miami adjacent to Jackson South Medical Center.
BHI and First Eagle Alternative Credit refinanced Xcel Brands’ existing credit facility with a $25 million term loan as well as an additional $25 million for acquisitions. First Eagle Alternative Credit also provided an additional $50 million acquisition facility.
BHI’s commercial and industrial group closed a $6 million credit facility for Pisec Group America. The financing provides a one-year line of credit that the company will employ for working capital and corporate purposes.
BHI’s food and beverage group arranged a total of $61.6 million in two financing transactions for Teasdale Latin Foods and Resnick Distributors.
BHI closed a $15 million credit facility for Hotwire Communications, a national fiber optics internet cable provider for residential and commercial buildings based in Fort Lauderdale, FL.
BHI and its specialty and sponsor finance group provided a $55 million senior secured credit facility for an N.J.-based paper distributor, and also increased its revolver commitment of $45 million to support an acquisition for a private equity-owned manufacturer of specialty labels.