Wells Fargo Capital Finance, part of Wells Fargo Commercial Capital, announced three new business development officers (BDOs) have joined its Corporate Finance and Middle Market Loan Originations Groups, covering the nation’s Midwest, Northeast and Southeast regions.

The new BDOs are Lindsay Gray, Corporate Finance; and Stacy Odendahl and Pat Donahue, Middle Market. The three additions mark the continued expansion of the asset-based lending (ABL) originations group, the largest book runner of ABL transactions by volume in the U.S.

Led by James Marasco, national head of loan originations, the group sources loans for public and private corporate and middle market companies, as well as sponsors and financial intermediaries. The Corporate Finance group focuses on large asset-based lending transactions, specializing in the retail, tech and healthcare industries. Middle Market focuses on transactions up to $35 million, specializing in retail and consumer goods, manufacturing and distribution, government contractors, staffing, trucking and transportation, and business services industries. 

“We see a lot of opportunity ahead and are focused on making sure we are well positioned to help our clients through all cycles,” said Marasco. “Lindsay, Stacy and Pat bring unique backgrounds and strong industry experience to these roles, which will allow us to build new relationships and better serve our existing clients.”

• Lindsay Gray, Midwest: With more than 15 years of financial industry experience, Gray began her career as an investment banking analyst with Wachovia Securities. She also held various roles at Bank of America in commercial real estate and ABL and worked with clients with $50 million to $2 billion in revenue. In her new role reporting to Eran Cohen, she will call on Midwest private equity firms and other referral sources to originate new asset-based loans. Gray holds a degree from the Kelley School of Business at Indiana University and is based in Chicago. She serves on the Middle Market Open board of directors, which benefits the National Kidney Association of Illinois.
• Stacy Odendahl, Southeast: Odendahl brings more than a decade of experience in the Southeast commercial finance industry. Previously, she worked at Crestmark, a division of Metabank, and Bibby Financial Services. In her new role reporting to Dave Ellis, she will focus on both ABL and factoring transactions. Odendahl holds a degree in economics from Stockton University and is based in Atlanta. She is past president of the Secured Finance Network Atlanta chapter (2017 and 2018) and was named a 40 under 40 winner by the Secured Finance Network in 2017.
• Pat Donahue, Northeast: Donahue joined Capital Finance in 2016 as an associate on the Northeast Middle Market Originations team. In his new role reporting to Peter Pugliese, he is covering middle market private equity groups, advisors and other third parties, as well as collaborating with local middle market banking teams. He also spent two years as an analyst on Wells Fargo’s credit resolution group, focusing on turnaround and restructuring. Previously, he worked at Griffin Financial. Donahue holds a degree in Finance from Temple University and is based in New York.

Wells Fargo Capital Finance delivers customized funding structures for mid-to-large companies in the U.S., Canada, the U.K. and beyond.