Created Real Estate Structured Lendin
Chevy Chase, Maryland — June 25, 2021 — Congressional Bank announced today the appointment of Patrick Walsh as Managing Director, Real Estate Structured Lending, a newly created business within its Specialty Lending Division. Pat will be responsible for sourcing, underwriting and managing commercial real estate structured lending opportunities with real estate funds throughout the United States.
Prior to joining Congressional Bank, Pat served as Senior Vice President and Co-Head of the Commercial & Industrial Lending Group at Axos Bank. Mr. Walsh has more than 30 years of asset-based and cash flow lending experience, including numerous senior leadership positions during an 18-year tenure at GE Capital. Additionally, Pat has held leadership positions at CapitalSource and Cerberus Capital Management.
“We are excited that Pat is joining us to lead our lending effort with commercial real estate sponsors. Congressional Bank has a long history of providing its clients with creative solutions and relationship-based service, and Pat and his team will bring precisely that approach to a new client segment,” said Kenny Elias, President, Specialty Lending at Congressional Bank.
“Having recently completed a capital raise, we are well positioned to fund up to $10 billion of new lending activities, and we are grateful that Pat is now a part of the Congressional Bank team,” said Don Cole, Chief Executive Officer of Congressional Bank.
Congressional Bank Executive Chairman, John Delaney, added, “I’ve known Pat for nearly twenty years and believe he will build and lead a very significant business at Congressional Bank, consistent with the client-centric, focused and sustainable approach that is applied across the whole Bank.”