Office Location:

Stern Brothers
2020 Cordero Road
Del Mar, CA 92014
(View Map)
(858) 509-0556

Lauro Garcia III

Senior Vice President / Managing Director

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Mr. Garcia is a veteran investment banker and a nationally recognized expert in tax-exempt and taxable multifamily housing and bond financing. He has completed over $6 billion dollars in apartment financings and has been responsible for developing several innovative private credit enhancement programs for multifamily new construction and rehabilitation projects. Prior to joining Hutchinson, Shockey, Erley & Co as a Senior Vice President in 1996, Mr. Garcia was both a principal in his own firm, Bancroft, Garcia & Lavell, from 1986 to 1993 and subsequently a Director in public finance for Merrill Lynch from 1993 to 1996.

In 1986, he formed BG&L with Messieurs Bancroft and Lavell in Los Angeles, California and helped develop the corporation into the largest and most successful Hispanic owned investment banking firm in the western United States. Mr. Garcia’s expertise and experience in tax-exempt finance includes revenue bonds, tax-allocation bonds, assessment district bonds, general obligation bonds, single and multifamily mortgage revenue bonds, variable rate bonds, certificates of participation, tax increment financings, Mello-Roos bonds, limited partnership offerings and refundings. Projects have included: public buildings; highways; redevelopment projects; single and multifamily housing; water and waste water facilities; hospitals and other health care facilities; assessment district infra-structure for public agencies and developers; commercial and industrial facilities; and shopping centers.

Mr. Garcia is a member of the State Bar of Arizona. He holds a graduate degree from Arizona State University, College of Law (1982) and a Bachelor’s degree in Sociology (1979) from the same University. Additionally he is a founding member of the “Hispanic Business” Scholarship Fund.

Mr. Garcia holds several certifications with the National Association of Securities Dealers: General Securities Principal; Municipal Securities Principal; and General Securities Representative.