Stern Brothers announced that Lauro Garcia, a veteran investment banker and a nationally recognized name in tax-exempt and taxable multifamily housing and bond financing, has joined the Firm.

Mr. Garcia comes with a wealth of experience within the industry, having spent the last 19 years at Hutchinson, Shockey, Erley & Co., where he completed over $7 billion dollars in apartment financings and developed several innovative private credit enhancement programs for new multifamily construction and rehabilitation projects.

Mr. Garcia’s 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. His projects have included buildings, highways, single and multifamily housing, water and waste water facilities, hospitals, health care facilities and shopping centers.

“Lauro’s wealth of experience and industry knowledge make him a key addition to the Stern Brothers family. His business is primarily focused in California, with over $1 billion of transactions in 2016. Adding this highly experienced banker demonstrates Stern Brothers commitment to growing our presence in the State of California and across the country. I know Lauro will play a key role in providing high quality solutions for our clients,” stated Peggy Finn, Chairman & CEO of Stern Brothers.

Mr. Garcia served as a Senior Vice President at Hutchinson, Shockey, Erley & Co., and was both a principal in his own firm, Bancroft, Garcia & Lavell, from 1986 to 1993 and 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 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.

About Stern Brothers
Stern Brothers is an independent, certified wholly woman-owned business enterprise (WBE) investment bank whose primary focus is public and infrastructure finance. Founded in 1917, Stern Brothers specializes in crafting customized financing solutions to meet the capital funding needs for our issuing clients and public and private borrowers.

Stern Brothers has offices in Atlanta, Cleveland, Denver, Houston, Kansas City, Los Angeles, New York, New Jersey and St. Louis.

Lisa Liebschutz

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