IMH Real Estate Financiers (IMH), a private lender specializing in providing short-term bridge financing for real estate transactions, today announced it has hired three additional senior professionals and that it is expanding into new headquarters to support the continued growth of the company. IMH has nearly doubled its staff in the last 18 months to its current 62 employees. Despite the challenging outlook in most aspects of the real estate market, IMH has experienced continued demand for bridge financing. As a result of this consistent demand and the resulting steady growth, there continues to be the need to assemble a talented and highly experienced team and increase the size of its facilities.
PHOENIX (Business Wire EON) June 26, 2008 --
IMH Real Estate
Financiers (IMH), a private lender specializing in providing
short-term bridge financing for real estate transactions, today
announced it has hired three additional senior professionals and that it
is expanding into new headquarters to support the continued growth of
the company. IMH has nearly doubled its staff in the last 18 months to
its current 62 employees. Despite the challenging outlook in most
aspects of the real estate market, IMH has experienced continued demand
for bridge financing. As a result of this consistent demand and the
resulting steady growth, there continues to be the need to assemble a
talented and highly experienced team and increase the size of its
facilities.
Susan Chapman and Judy Blaisdell join IMH as vice presidents in the IMH
underwriting and loan origination department. Fawn Medesha joins IMH as
the company’s chief information officer.
Chapman has nearly 20 years of experience in all sectors of the
commercial real estate market. Her depth of experience includes lending
for A&D and land entitlement as well as horizontal and vertical
construction. Prior to joining IMH, Chapman held positions as senior
vice president of commercial real estate lending with a regional bank in
Arizona and real estate senior credit officer with a $3 billion
multi-state regional bank.
Blaisdell has more than 25 years in the banking industry with her last
seven years in banking focusing on the management of commercial real
estate portfolios for a national multi-billion dollar bank. Most
recently Blaisdell was the owner/operator of Strategic Finance, an
Arizona-based company that specialized in commercial mortgage brokerage
aligning real estate developers and business owners in the process of
accessing traditional and alternative financing resources.
Medesha joins IMH to direct company-wide technology operations and
related initiatives. Most recently Medesha served as the vice president
of information services for DMB
Associates, Inc., a position she held for 20 years. Medesha brings
vast industry-specific experience to IMH. As CIO she will be
instrumental in the continuing design, implementation and integration of
the company’s technology systems and
infrastructure that support and accommodate the company’s
current needs and future growth.
“Susan and Judy each have successful track
records relating to commercial real estate transactions, financings and
investments. Fawn is a results-driven, proven leader with more than 20
years experience in the technology systems space for commercial real
estate development,” said Shane Albers,
founder, chairman and CEO of IMH. “All three
are welcome additions to the IMH team and their accomplishments and
expertise is extremely valuable to our future.”
Since early 2006, IMH has hired 48 new employees to accommodate the
growth of the company’s portfolio and
increased loan demand. Due to this increase in staff size, IMH is
relocating its headquarters to the Portales II building near the
intersection of Scottsdale and Camelback Roads as a part of its 10-year
growth plan. The new office space, with 45,000 additional square feet,
will allow the company to remain in Scottsdale, Arizona.
“We are looking forward to moving into our new
headquarters and starting the next chapter at IMH,”
said President Will Meris. “The new space
allows for our continued growth and will be our home for many years to
come.”
About IMH
Investors Mortgage Holdings, Inc. aka “IMH
Real Estate Financiers” (IMH) was founded in
1997 and is headquartered in Scottsdale, Arizona. As a private lender,
IMH specializes in providing short-term bridge financing on a national
basis for real estate transactions through the use of non-institutional
capital. IMH operates within the framework and professional standards of
a commercial bank while providing loans without many of the obstacles
and time frames common of many larger, more traditional institutions.
The company is a licensed Arizona mortgage broker (License # MB0901735).
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