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Ares Commercial Finance Adds Managing Director for Business Development, Underwriting Teams

March 01, 2024, 07:07 AM

Ares Commercial Finance expanded its presence in Michigan with the addition of Victor Verazain as Managing Director for the Business Development and Underwriting teams. Verazain will be based in Southeastern Michigan and will assist in covering the Michigan market, where he will have cross-functional business development and underwriting responsibilities. In his role, he will work to support the Ares platform, as well as its ever-growing product suite including ABL, equipment financing, first lien, split lien, FILO and second lien transactions.

Verazain joined Ares in 2016 and has 27 years of experience in the financial industry. Prior to Ares, he spent 19 years with General Electric across multiple GE business units including GE Capital Commercial Finance & Sponsor Finance platforms.

“We are excited to expand our presence in the state of Michigan,” said Mitch Drucker, Partner in Ares Management’s Credit Group. “Victor has significant experience in lending, and we expect him to play a key role in the Michigan market supporting our growth and structuring our broad product offerings.”

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