Boston – December 20, 2010 – Crystal Financial announced today that Christopher Arnold has joined the company as a Managing Director in the investment administration group. Based in Boston, Massachusetts, Mr. Arnold will be a key member of Crystal Financial’s investment administration team responsible for underwriting, closing and managing portfolio investments. Mr. Arnold has been an asset-based and cash flow lender for over 17 years, and has significant experience serving the financial needs of middle-market companies.
Prior to joining Crystal, Mr. Arnold was a Director of CIT where he was responsible for structuring, underwriting, and managing loan investments to middle-market companies. His significant lending experience includes underwriting, structuring, and portfolio management positions at Capital Source and GE Capital. Mr. Arnold also has private equity experience with Dimeling Schreiber & Park in Philadelphia.
“Chris is an excellent addition to the Crystal Financial team,” stated Michael Pizette, Senior Managing Director and Chief Credit Officer. “His significant experience in structuring, closing and managing secured loans will enable him to be a key contributor to the growth of Crystal Financial.”
Commenting on recent activities of Crystal Financial, Chief Executive Officer Ward Mooney stated: “The response from the market to our new company has exceeded our expectations and we are extremely busy with our active and growing pipeline of new opportunities. Having funded over $200 million in loan transactions over the past nine months, we are thrilled to have Chris join us as we grow our investment administration team. Chris will play a key role in our ability to thoughtfully and expeditiously execute and manage new secured loan transactions.”
About Crystal Financial
Crystal Financial is a commercial finance company which originates, underwrites and manages secured term loans up to $150 million per transaction. Crystal Financial’s seasoned team of debt-structuring experts has made over $20 billion in loans to companies across a wide array of industries. For additional information about Crystal Financial, please visit www.crystalfinco.com.