NEW YORK — Financial lender Eastern Funding LLC has added industry veteran Matt Westphal to its staff as a loan officer, the company reports.
Westphal has over 12 years of experience in commercial laundry equipment lease and loan origination, and is skilled in cultivating new distributor relationships and maintaining those relationships over many years, Eastern Funding says.
He has extensive experience in coin- and card-operated laundries, on-premise laundries, and in the multi-housing sector, and has worked with commercial laundry distributors throughout the United States to help grow their business with creative financing solutions.
“Matt is an established commercial laundry lender whose extensive knowledge of our industry will be a valuable resource to both equipment distributors and borrowers,” says Tony Regan, senior vice president of sales and marketing for the company. “We are excited to add him to our team as we continue to secure Eastern Funding’s position as the leader in commercial lending.”
Westphal is based in Ripon, Wisconsin, and will work closely with Eastern Funding’s New York City-based operations to expand the company’s national reach.