August 5, 2020
Red Oak Capital Group, based in Grand Rapids, MI, named Gary Bechtel as CEO. 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, reportedly 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.
“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.
He continued, “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.”
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