Stonebriar Commercial Finance expanded its Realty Capital management team with the addition of Gregg Seibert as EVP and chief operating officer.

“Adding real estate financing and sale-leaseback capabilities to our capital solutions is the next logical step in the evolution of our company into a full-service capital provider” said Dave B. Fate, president and CEO of Stonebriar. “I am very pleased that Pete Mavoides has been able to reunite with Gregg and reconstitute the team that successfully deployed over $2 billion while working together. I believe the pairing of these two industry leaders will allow us to deliver great results to our customers and position the SCF Realty Capital platform for great success.”

Seibert is an executive with more than 20 years of experience in the single tenant, net lease industry. He is the former chief investment officer of Spirit Realty Capital, where he led investment, credit, debt and acquisition functions through its IPO in 2012 while building the portfolio to over $10 billion in assets. Prior to that, he spent nine years as a senior vice president with Franchise Finance Corporation of America and its successor GE Capital Franchise Finance.

“I am excited for this next step, which is a logical progression in my career and to work with Pete and this team again,” Seibert said. “In seeking a group to grow a business focused on financing and owning single tenant operational real estate, Stonebriar stood out as having a clear competitive advantage due to the flexibility and availability of its capital and the ability to deliver a full range of financing products to its clients.”