Ally Commercial Finance added a new director that will focus on working with financial sponsors and handle leveraged loans, the firm said.
Ally said that Jaron Stern has joined the company as a director. Stern will be focused on business development with equity sponsors and intermediaries. He will handle leveraged loans and be focused on the West and Midwest. He will be based in the firm’s Burbank, Calif. office and report to Managing Director Chip Oboza.
Stern was most recently with Aris Financial as vice president of the leveraged lending unit. He served as vice president of ING Capital’s leveraged lending group and worked with Merrill Lynch Capital’s healthcare finance group.
Ally Commercial Finance provides senior secured loans for equity sponsors and middle-market companies. Its loans usually range between $15 million and $250 million.