Peapack Private Expands Specialty Lending Capabilities with Launch of Yacht Financing Business
Peapack Private, a division of Peapack-Gladstone Financial Corporation, announced its entry into the yacht financing business to expand its customized lending solutions for high-net-worth clients. The company hired industry veterans Jim Velez and Derick Buffum to lead the new Yacht Financing team.
Why it matters — This expansion into yacht financing broadens PGC's specialty lending offerings for high-net-worth clients and brings in experienced leadership, potentially growing its niche lending revenue base.