Summit Funding Group has hired Parsa Sameti as vice president of business development. In his new role, Sameti will focus on originating and structuring equipment financing solutions for middle-market and large corporate clients across a range of industries.

Sameti previously held a position at Nexseer Capital, where he specialized in structuring financing strategies for manufacturing companies. He began his career in financial services, working with businesses to access capital through tailored lending solutions.

His experience spans several sectors, including manufacturing, food and beverage, aviation, construction, technology, and industrial markets.

Sameti is based in Los Angeles.