Western Alliance Bank Grows Institutional Commercial Real Estate Team with Phoenix-Based Senior Hire

Key Terms

mini-permanent financing financial

Mini-permanent financing is a short- to medium-term loan used for real estate or project-backed assets that mimics long-term mortgage-style payments but typically requires refinancing or a final lump-sum payoff after a few years. Think of it as a temporary longer-lasting bridge loan: it gives a property time to stabilize or prove its income before the borrower secures a full, long-term loan. Investors care because it affects cash flow predictability, refinancing risk, and the timing of returns or potential dilution if new financing changes ownership stakes.

value-add financial

Value-add describes actions or changes—such as physical upgrades, cost-cutting measures, or new revenue strategies—that increase an asset’s income, usefulness or market worth. Investors care because value-add efforts can boost cash flow, raise resale value and improve returns by making an investment more attractive or efficient; think renovating a kitchen to sell a house for a higher price or rent it out more profitably.

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Veteran CRE lender Matthew Leivian brings 22 years of experience to support institutional portfolio growth

PHOENIX--(BUSINESS WIRE)-- Western Alliance Bank today announced that Matthew Leivian has joined as senior managing director of the Institutional Commercial Real Estate Finance team, based in Phoenix, as the bank continues to expand its national CRE lending platform.

Leivian will lead a Phoenix-based team focused on building and growing a high-quality institutional loan portfolio. He will originate and structure construction, acquisition, bridge and mini-permanent financing for commercial real estate clients nationwide.

"With more than two decades of banking experience and deep roots in commercial real estate lending, Matt strengthens our ability to serve institutional clients and grow this business with discipline," said Ericka LeMaster, head of Institutional Commercial Real Estate Finance for Western Alliance. "His track record in complex transactions and long-standing industry relationships will directly benefit our clients as they navigate today’s market."

Leivian brings 22 years of banking experience, including 15 focused on CRE lending. He spent nearly two decades with National Bank of Arizona, where he originated and structured large, complex commercial real estate transactions. He works with investors, developers and owners on financing solutions, focusing on construction, value-add and term financing secured by industrial, office, multifamily, retail and self-storage assets across the U.S.

"Western Alliance has built a strong reputation for execution and client focus in commercial real estate finance," Leivian said. "I look forward to growing our institutional portfolio and delivering financing solutions to meet the needs of institutional real estate investors."

Leivian serves on the boards of the American Cancer Society Southwest Region, St. Francis Xavier Parish Finance Council and St. Francis Xavier Athletics Association. He is a member of NAIOP, the Commercial Real Estate Development Association, and Valley Partnership in Phoenix. He earned a Bachelor of Arts in economics with a minor in business from the University of Arizona and received a graduate certificate from Pacific Coast Banking School in 2023.

Western Alliance Commercial Real Estate, a national banking group within Western Alliance Bank, delivers CRE and construction financing across all asset classes and markets with responsive, client-focused service. For more information, visit Western Alliance Commercial Real Estate.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260622673386/en/

Media Contact:
Nicole Johnson
Director, Brand & PR
Nicole.johnson@westernalliancebank.com

Source: Western Alliance Bank