Commonwealth Capital LLC
Commonwealth is the product of father son duo Jack & Chandler Hoopes. They joined forces in August 2014 with a common vision to provide the best service and the best credit products of any firm in their industry. Together they oversee all Commonwealth activities and personally work with each and every borrower to ensure sound credit decisions are made and all parties leave the closing with the best possible financing package.
About Our People
Jack is the President of Commonwealth Capital and is responsible for all lending decisions as well as the overall strategic vision for the company. He was a serial entrepreneur during his earlier working years. He owned and operated, either in whole or in partnership, 27 different enterprises. His business interests included banking, real estate development & brokerage, commercial finance, insurance, mortgage origination, beverage distribution, restaurants, energy services, sporting goods and others, making him particularly adept at evaluating and understanding the diverse needs of Commonwealth clients.
Jack’s last engagement was as chairman of Penn Business Credit in Philadelphia, PA. The business was sold to Fulton Bank of Lancaster, PA in 2005. Jack stayed on with the bank and served as Chief Asset Based Lending Officer at the bank holding company level.
Prior to that Jack served as Chairman and CEO of United Valley Bank in Philadelphia, PA. The bank and its related subsidiaries were sold to Jefferson Bank in 1996.
Jack has served as President of the Chester County, PA Board of Realtors, President of the United Way of Chester County, PA, and President of the Philadelphia Chapter of the Risk Management Association, an association of bank lenders and credit officers.
Jack joined the Young Presidents Organization in in 1983, matriculating to the World Presidents Organization where he served as Chapter Chair of the Philadelphia Chapter in 2002-2003.
Chandler is Vice President of Commonwealth Capital and is in charge of day to day business operations of the company. He is an integral part of credit decisions and is the point man for closing and servicing all transactions. As the one responsible on a daily basis for all accounts, Chandler works hard to ensure complete client satisfaction and flawless execution of credit facilities. Prior to joining Commonwealth Capital in August of 2013 Chandler was a Credit Analyst with the Real Estate Finance group of First Trust Bank in Philadelphia, PA.
Chandler graduated from Bucknell University and is actively involved in several alumni organizations. Chandler also serves on the fundraising committee for Peter’s Place, an organization based in Radnor, PA that provides support free of charge to children and families after the loss of a family member.
Alex is Vice President of Commonwealth Capital and is in charge of originating and underwriting new transactions. He heads the underwriting committee and manages the process from initiation through closing. As the one responsible on a daily basis for growing the portfolio, Alex works hard to ensure Commonwealth stays true to its underwriting standards and works with brokers and potential clients on transactions in an effective and timely fashion. Prior to joining Commonwealth Capital in August of 2015 Alex was an Analyst with the Financial Advisory division of The PFM Group in Philadelphia, PA.
Alex graduated from Bucknell University in 2013 with a Bachelor of Science in Business Administration and Management, and a minor in Philosophy. He actively volunteers in non-profit organizations such as Baker Industries, and enjoys playing basketball and golf in his spare time.