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.
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.
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.
BHI added two new industry verticals – Food & Beverage and Specialty & Sponsor Finance – to its New Jersey Representative Office in response to a surge in business activity across these industries.