GRP Capital Names Rick Patel as new President

Patel is poised to lead the company through its latest high growth phase

GRP Capital’s Board of Directors has named Rick Patel as its President. Mr. Patel is a founding partner of GRP Capital along with Greg Jeong, who is now serving in a senior advisory capacity. Patel also served as the Chief Credit Officer for the GRP Capital Debt Fund. Patel is a leader in securing financing for a large number of entrepreneurs, both highly experienced ones and small business owners. Patel is poised to lead GRP Capital as it continues its healthy growth in each of its departments: real estate capital markets, small business financing, construction lending, GRP Capital Debt Fund development and investment and consulting and advisory services. Patel has over two decades of extensive community work in the hospitality and finance industries.

Upon being named as President, Patel states, “I am humbled and excited to be leading our company as President. My work is incredibly rewarding as I see the realization of the dreams of our clients: entrepreneurs who are partnering with GRP Capital in seeking financing and expert advice. I am particularly proud of the growth of our GRP Capital Debt fund and its continued ability to make a difference in the lives of our clients.”

GRP Capital has grown strategically, first focusing on recourse lending and small businesses and now including non-recourse lending, bridge lending and usage of the GRP Capital Debt Fund.
Mr. Patel entered the commercial real estate space where he underwrote numerous high profile transactions and acted as a senior consultant for a number of high net-worth individuals. With over two decades of extensive community work in the hospitality and finance industries, Mr. Patel has become an asset to those seeking creative solutions and advice. Mr. Patel received a Bachelor of Science degree in Accounting from Florida Atlantic University.

Patel has begun his new duties, focusing on expanding the clientele, increasing funding ability to even more business sectors and developing innovative solutions for all financing issues. Patel has been particularly active in expanding the network of lender partners in order to provide a range of options for clients.

GRP Capital’s primary mission is to provide responsive, client-oriented financial services by offering competitive commercial loan products through a chain of banking and non-banking networks. Their focus is on becoming the primary connection for borrowers and lenders alike, growing their network by developing innovative financing solutions for more businesses.