Longtime New Mexico banker Robert Gabaldon has made a move.
After a little over three years as president of the Albuquerque metro market at Los Alamos National Bank and more than 20 years in the banking world, Gabaldon will move over to Plum Lending, a San Francisco-based firm that specializes in commercial real estate lending and loans from $1-25 million, according to the company’s website.
Gabaldon’s first day at Plum was Tuesday.
"For me, Plum Lending represents a fresh (financial technology) approach to commercial real estate finance, and benefits both the client-investor as well as the finance officer," Gabaldon wrote in a statement to Business First. "It places everyone in the transaction in a good process, and most definitely has the lending officer as well as Plum Lending itself on the client’s side. It forms a relationship."
Gabaldon said Plum, which was founded in 2014, has chosen the Albuquerque and New Mexico market, along with Madison, Wisconsin, and Boise Idaho, as good market fits for its commercial real estate finance process. He said Plum will use all local partners for title insurance, appraisals and inspections.
Plum conducts each transaction with regional officers like Gabaldon as the guide to the transactions, offering a clean focus to the customers, the company says.
"Plum Lending offers the seamless connection between CRE investor deals and the long-term funding partners that their portfolios need," Gabaldon said. "All of this with local presence and representatives like me."
Gabaldon is a Rio Rancho resident and a graduate of the University of New Mexico’s Anderson School of Management. Before his time at LANB, Gabaldon worked at U.S. Bank’s Private Client Group for its New Mexico region. Before that, he worked for BOK Financial, according to previous Business First reporting.