Carmel, Ind.-based Merchants Capital hired Pete Nichol as senior vice president of originations as it expands to San Francisco..Nichol was most recently managing director at Truist Bank subsidiary Grandbridge, director of affordable housing at The Reliant Group and director at Centerline Capital Group. Nichol, who is based in San Francisco, joins the sales team of Executive Vice Presidents of Originations Justin Ginsberg and Andrew Weil. The trio has worked together for more than 20 years. “With Pete on board, Merchants is strengthening its reach westward to ensure that it is well positioned as a national affordable housing financing platform,” said Merchants Capital President and CEO Michael Dury. “He has an impressive background, and we look forward to adding his expertise to the team.”
