Red Oak Capital Group, an investment manager and provider of debt capital for commercial real estate projects, has hired Gary Bechtel as chief executive officer. Bechtel previously served as president of Money360, where he was responsible for developing and executing its expansion strategy.
Prior to joining Money360, Bechtel was chief lending/originations officer for CU Business Partners LLC, the nation’s largest credit union service organization. Bechtel has originated, underwritten, structured, placed, and closed more than $10 billion in commercial debt transactions during his career, the company said.
“Prior to the advent of Covid-19, we began searching for a partner-level professional to augment our management team and operations,” said Chip Cummings, Red Oak’s president and founding partner. “I have known Gary for years. He is a proven, widely respected leader in commercial real estate and capital markets, and his historical success and broad experience across property types and credit structures make him the ideal executive to guide Red Oak’s growth strategy and create additional value for our stakeholders.”
Red Oak Capital Group, founded in 2015, originates, underwrites, and services short-term, senior secured stabilization loans on income-producing commercial real estate properties located in major geographic markets. The company sponsors non-traded direct investment products, including Red Oak Capital Fund IV, a $50 million Regulation A+ bond offering that launched in February 2020.