Diana Hallal and Christina Johnson (from Union Bank) have joined TMC Financing's Southern California commercial real estate lending team of Jennifer Davis and Jennine Gilmer. In the past three years, TMC has participated in financing projects of more than $612 million to Southern California businesses, primarily through the SBA 504 loan program.
Los Angeles, CA, July 14, 2015 (Newswire.com) - TMC Financing today announced Diana Hallal and Christina Johnson have joined TMC’s Southern California commercial real estate lending team of Jennifer Davis and Jennine Gilmer. In the past three years, TMC has participated in projects worth more than $612 million to Southern California businesses, primarily through the U.S. Small Business Administration 504 lending program.
As senior vice president, business development, Hallal is responsible for the acquisition of commercial real estate loans. As a business development associate/junior loan officer, Johnson provides commercial loan production support.
“I’m excited about TMC’s growth in Southern California,” Hallal said. “This team has such dedication to partnering with commercial real estate brokers and commercial lenders to help business owners grow through the strategic purchase of fixed assets. We’re glad to be on board.”
“Diana and I began our careers together at Bank of America 18 years ago. We partnered on many loans when she was a lender and I’m thrilled to have her join us,” Jennifer Davis, senior vice president at TMC, said. “We’ll be working together as a team, so our broker and lender partners can reach out to either of us and we’ll get the loan done.”
Prior to joining TMC, Hallal was director of business banking at Union Bank, where she was the No. 1 real estate loan producer in business banking for four consecutive years. Prior to that, she was a commercial loan officer at Wells Fargo and a business development officer at Bank of America. Johnson worked side-by-side with Hallal at Union Bank as a business banking associate and credit analyst.
“Diana and Jennifer have more than 40 years of combined commercial real estate lending experience and will be great assets to our local team,” said TMC Executive Vice President Rich Grant. “We’re growing fast in Southern California and they will help us continue to be responsive and make local decisions efficiently.”
The team has local offices in both Los Angeles and Orange County.
About SBA 504 real estate loans
The U.S. Small Business Administration 504 loan program allows small-business owners to finance commercial real estate and other fixed assets with long-term, below-market, fixed interest rates. SBA 504 loans can be used to finance the total project cost (TPC), which can include the purchase price, construction/renovations, equipment, soft costs and closing costs. A typical 504 loan project requires a down payment of only 10 percent of the TPC from the borrower, with the remaining amount split between a first mortgage provided by a commercial lender and a second mortgage provided by a certified development company (CDC). By enabling owners to keep their capital working to grow the business and create jobs, the 504 program provides long-term stability to both businesses and communities. Business owners can confirm they meet the qualifications for an SBA 504 loan by visiting the TMC Financing website.
About TMC Financing
Founded in 1981, TMC Financing is the largest provider of SBA 504 commercial real estate financing in Northern California and Nevada. TMC consistently ranks among the top CDCs nationwide, funding projects worth more than $8 billion across California and Nevada. More than 4,700 businesses have benefited from this financing, resulting in the creation of an estimated 46,000 jobs. For more information on SBA 504 loans and the local businesses they support, visit tmcfinancing.com.