California + Los Angeles + Finance | January 18, 2023

New York’s Piermont Bank Expands into SoCal CRE Market

New York-based digital bank Piermont Bank has announced the firm is expanding its commercial real estate businesses into Southern California. Piermont already has a team of professionals based in the region, including Chief Credit Officer Albert Sun (pictured) and CEO and Founder Wendy Cai-Lee managed East West Bank’s CRE lending primarily in Los Angeles and San Francisco.

“We are entering the Southern California market backed by the success we have already enjoyed in the New York market. We have put together a team in the region who have expertise supporting commercial real estate businesses and local market knowledge,” said Cai-Lee. Piermont was established in 2019 and has reached a total asset of over $440 million.

Sabrina Liu, previously an SVP in Real Estate Lending at Pacific Western Bank will lead the Piermont team in Southern California. Liu brings 17 years of experience and has closed $2.8 billion in loans during her career.

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Piermont BankWendy Cai-Lee

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.