Home Trade industry MUFG extends its funding platform to the hospitality industry

MUFG extends its funding platform to the hospitality industry

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Industry veterans Tracy Vasquez and Steven Getty lead the hotel franchise practice within
new restaurant and hospitality finance team

NEW YORK, September 12, 2022 /PRNewswire/ — Mitsubishi UFJ Financial Group (MUFG) today announced the expansion of its restaurant finance platform to cover hotel franchises with the hiring of two seasoned bankers to its restaurant finance team and Home, which is part of MUFG’s corporate and investment banking division.

Director Tracy Vasquez lead the loan underwriting and portfolio management of franchised hotel customers, and report to Quinn Room, responsible for loan underwriting and portfolio management of the team. Director Steven Getty will serve in a senior relationship management role, spearheading business development within the hospitality industry, and will report to Brian GeraghtyLending team leader.

“With the addition of Tracy and Steven, we are expanding our deep talent pool and expertise in franchise lending to pursue significant further platform expansion in the hospitality industry,” said Nick Cole, responsible for financing the catering and hotel industry. “Tracy and Steven are seasoned professionals who position us to provide strong financing and advisory capabilities to franchisees of mid-sized, limited-service hotel chains, which represent a market segment with attractive risk/return credit characteristics, as well as only growth opportunities for MUFG.”

Ms. Vasquez will be based in Scottsdale, AZ, and has two decades of industry experience. Previously, she was Director of Underwriting and Portfolio Management for Wells Fargo’s hotel loan portfolio. Previously, Vasquez held senior positions in the franchise finance unit of GE Capital and Western Alliance Bank, including management of hotel loan portfolios and underwriting responsibilities.

Mr. Getty will be based in Atlanta, Georgia. He was previously Director of Hotel Franchise Finance at Wells Fargo, where he helped develop relationships with hotel investors and spearheaded loan origination. Previously, Getty held a number of key positions with similar responsibilities within the franchise finance businesses of Western Alliance Bancorporation and GE Capital.

MUFG’s recently expanded restaurant and hospitality finance team includes investment banking professionals spread across several other locations, including San Diego, Chicagoand Boston.

Press contacts:
Oksana Poltavets
646-767-1326
[email protected]

About the U.S. operations of Mitsubishi UFJ Financial Group, Inc., including MUFG Americas Holdings Corporation
The US operations of Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world’s leading financial groups, has total assets of $342.4 billion at June 30, 2022. Within this total, MUFG Americas Holdings Corporation (MUAH), a financial holding company, bank holding company and intermediate holding company, has total assets of $152.5 billion at June 30, 2022. MUAH’s principal subsidiaries are MUFG Union Bank, NA and MUFG Securities Americas Inc. MUFG Union Bank, NA provides a wide range of financial services to consumers, small businesses, middle market businesses and large corporations. From June 30, 2022, MUFG Union Bank, NA operated 297 branches, consisting primarily of retail banking branches in the West Coast states. MUFG Securities Americas Inc. is a registered securities dealer that engages in capital markets origination transactions, domestic and foreign debt and equity securities transactions, private placements, secured financings and securities borrowing and lending transactions. MUAH is owned by MUFG Bank, Ltd. and Mitsubishi UFJ Financial Group, Inc. MUFG Bank, Ltd., a wholly owned subsidiary of Mitsubishi UFJ Financial Group, Inc., has offices in Argentina, Brazil, Chile, Colombia, Peru, Mexicoand Canada. Visit www.unionbank.com or www.mufgamericas.com for more information.

About MUFG
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Based at Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,400 locations in over 50 countries. The group has approximately 170,000 employees and offers services such as commercial banking, trust banking, securities, credit cards, consumer credit, asset management and leasing. The Group aims to “be the most trusted financial group in the world” through close collaboration between our operating companies and to respond flexibly to all the financial needs of our customers, serving society and promoting shared growth and sustainability for a better world. Shares of MUFG trade on the Tokyo, Nagoyaand New York scholarships. For more information, visit https://www.mufg.jp/english

SOURCE MUFG