Popular Bank appointed Adam R. Bavifard to Senior Relationship Manager in Popular’s Commercial Real Estate (CRE) Lending team. In his role, Bavifard will focus on growing the bank’s CRE business through expanding current customer relationships and bringing Popular’s extensive product offerings to new customers. Adam will leverage his expertise in traditional and specialty real estate verticals as well as his knowledge of new construction lending. He will be based in New York.

Bavifard joins Popular from M&T Bank, where he held several roles of increasing responsibility in their commercial bank, most recently managing multi-product portfolios totaling over $600MM in loan commitments with $150MM in deposits. Earlier in his career, Mr. Bavifard was with The Dak Group where he advised businesses on capitalization needs and provided middle market M&A advisory services.

“Adam’s leadership and expertise in acquisition, construction and working capital aligns with our vision for the team,” said Kenneth Mitchell. “His skillset and track record are an excellent fit for our CRE needs as we continue to build on our momentum in construction, multi-family and investment real estate financing.”

Popular’s Commercial Real Estate Lending group has grown significantly in the last 7 years. Most recently, the team has focused on new construction and multi-family lending across New York Metro area.