Western Alliance Bank Expands Note Finance Team in New York With Addition of Market Manager Ian Hawk
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private creditfinancial
Private credit is a form of borrowing where companies or organizations obtain loans directly from private lenders rather than traditional banks or financial markets. It often involves customized financing arrangements that are not traded publicly, making it a way for businesses to access funding outside of standard channels. For investors, private credit offers the potential for higher returns, but typically comes with increased risk and less liquidity compared to more conventional investments.
note financefinancial
Note finance is the use of promissory notes—formal, written IOUs that promise to repay borrowed money with interest at a specified time—to raise or manage cash. For investors, notes reveal how an issuer funds its operations and the size and timing of its repayment obligations; like lending someone money with a written promise, they signal the borrower’s short- to medium-term credit risk, interest income and impact on liquidity.
collateralized loan obligationsfinancial
A collateralized loan obligation is a financial product that pools many corporate loans and repackages them into slices sold to investors, with some slices offering steady, lower returns and others offering higher returns but more risk. Like splitting a pizza into pieces for different tastes, CLOs let investors pick their preferred risk level and help banks fund lending, so changes in CLO performance influence credit availability and can move markets.
CLOsfinancial
A collateralized loan obligation (CLO) is a financial vehicle that pools many corporate loans and repackages them into slices that investors can buy, with each slice carrying a different balance of risk and return. Like a layered cake where some slices promise steady, lower payouts and others offer higher payouts but greater chance of loss, CLOs let investors get diversified exposure to corporate lending and tune their income versus risk.
commercial mortgage-backed securitiesfinancial
A commercial mortgage-backed security (CMBS) is a bundle of loans on office buildings, malls, hotels, apartments or other income-producing properties sold as tradable bonds; investors receive portions of the loan payments and bear the risk if borrowers default. Think of it like slicing a building’s mortgage into many pieces and selling those slices to different buyers—important to investors because CMBS offer regular income and yields but are sensitive to property occupancy, local market conditions and interest rates, which affect potential returns and losses.
CMBSfinancial
Commercial mortgage-backed securities (CMBS) are financial products made by bundling many commercial real estate loans — such as those on office buildings, shopping centers, and apartment complexes — and selling pieces of that bundle to investors. Think of it like a fruit basket: each investor owns a share of many loans rather than one property, so returns come from the borrowers’ mortgage payments and the value of the underlying properties; investors watch CMBS for steady income but also for sensitivity to property market conditions, tenant occupancy and interest rates.
Seasoned Commercial Real Estate and Private Credit Professional to Support Growing Demand for Note Finance Solutions
PHOENIX--(BUSINESS WIRE)--
Western Alliance Bank today announced that Ian Hawk has joined the company as New York market manager for the Note Finance Group, expanding the bank’s presence in one of the nation’s most competitive private credit hubs .
Ian Hawk, Seasoned Commercial Real Estate and Private Credit Professional to Support Growing Demand for Note Finance Solutions
In this role, Hawk provides Western Alliance Bank’s differentiated leverage solutions to New York-based private credit platforms, offering clients nearly a decade of experience across public and private real estate, capital markets, origination and AI‑driven financial analysis to deliver deep data-driven insights to facilitate informed decision-making.
“We’re pleased to enhance Western Alliance Bank’s Note Finance presence within the New York region with the addition of Ian Hawk, who has strong experience and relationships with key real estate lenders, portfolio managers and institutional investors,” said Mark Roberts, National Sales Manager for Western Alliance Bank’s Note Finance Group. “Ian is well prepared to help Western Alliance expand the availability of note finance and single note-on-note products and solutions in this region, which is experiencing growing demand for tailored, flexible financing.”
Hawk brings extensive experience with commercial real estate financing, including collateralized loan obligations (CLOs), commercial mortgage-backed securities (CMBS), mortgage brokerage, and debt and equity capital for real estate developers and institutional and entrepreneurial sponsors across all asset types. He joins Western Alliance from Lument and previously worked for Dwight Securities Management, Walker & Dunlop and Fitch Ratings.
“Western Alliance Bank is at the heart of the note finance industry, with a distinctive entrepreneurial approach that focuses on ways to say ‘yes’ and do deals,” Hawk said. “Having served on both sides of the note finance relationship, including managing capital markets at a debt fund, I’m excited to bring my insights into what clients are seeking from note finance solutions to better meet their needs in this competitive landscape.”
Hawk earned his Bachelor of Finance degree from the Sy Syms School of Business at Yeshiva University. He is active in his community, having served as a volunteer firefighter with the Woodmere Fire Department, as well as working with Project Ezrah, a community organization that provides job placement and other services to families in need.
Western Alliance Note Finance, a national banking group within Western Alliance Bank, Member FDIC, delivers flexible, custom-tailored solutions and exceptional service that private lenders can rely on. The experienced relationship banking team is a trusted, committed resource empowering funds nationwide to access financing quickly. For more information, visit Western Alliance Note Finance.
About Western Alliance Bank
Western Alliance Bancorporation (NYSE:WAL) is one of the country’s top-performing banking companies and has ranked as a top U.S. bank by American Banker and Bank Director since 2016. Its primary subsidiary, Western Alliance Bank, is a leading national bank for business that puts customers first, delivering tailored business banking solutions and consumer products backed by outstanding, personalized service and specific expertise in more than 30 industries and sectors. With $90 billion in assets and offices nationwide, Western Alliance excels at helping businesses of all sizes capitalize on their opportunities to solve today and succeed tomorrow. For more information on our offerings, subsidiaries and affiliates, visit Western Alliance Bank, Member FDIC, or follow us on LinkedIn.
About Note Finance
Western Alliance Note Finance, a national banking group within Western Alliance Bank, Member FDIC, delivers flexible, custom-tailored solutions and exceptional service that private lenders can rely on. The experienced relationship banking team is a trusted, committed resource empowering funds nationwide to access financing quickly. The Note Finance Group is part of Western Alliance Bancorporation, which has $90 billion in assets and has ranked as a top U.S. bank by American Banker and Bank Director since 2016. With significant national capabilities, the Note Finance Group delivers the reach, resources and deep industry knowledge to help businesses capitalize on their opportunities to solve today and succeed tomorrow. For more information, visit Western Alliance Note Finance.
