Anthony Papadakis and Kevin Joseph have joined Opus Bank as managing directors in the bank’s structured finance division, according to a press release.
Papadakis is responsible for further expanding the California-based bank’s structured finance client base in major metropolitan markets throughout Northern California, including the San Francisco Bay Area.
He has 30 years of experience in the sector. Papadakis joins Opus most recently from Inside Valuation, where he was responsible for the product-type and market-area expert review of valuation opinions from 2010 to 2014. He has also served as senior director with Wrightwood Capital. Earlier in his career, Papadakis underwrote and provided updated risk ratings on acquired commercial real estate loans for Union Bank of California.
Papadakis has also served in business development positions with DaimlerChrysler Capital, JPMorgan Capital, USL Capital, and Consolidated Capital Equities Corporation.
Joseph will expand Opus’ structured finance client base throughout Southern California, including Los Angeles and Orange Counties.
He joins Opus most recently from Sterling Bank/Intervest Mortgage, which recently merged with Umpqua Bank, where he served as director of loan production, commercial real estate and focused on structuring and providing debt capital to real estate investors for multifamily residential properties and commercial real estate.
Prior to that role, Joseph served as vice president of commercial real estate for OneWest Bank. He also served as vice president for KeyBank where he was responsible for restructuring a $200 million commercial real estate portfolio and a $125 million portfolio of troubled loans.
Joseph has also served as assistant vice president for Tokai Bank’s commercial real estate group and as assistant vice president for Sanwa Bank’s corporate group.