THE MIRACLE WORKER
Progress Capital is a commercial mortgage banking firm that has successfully closed in excess of
$40 billion in commercial loans and directly funded more than $150 million since 1990. Some of
that success is thanks to Kathy Anderson, founder and managing partner of the firm.
Anderson has more than 25 years of banking and finance lending experience under her belt.
Her proficiency in originating and underwriting commercial loans with regional banks, insurance
companies and investment banking firms has earned her recognition within the industry.
Highly regarded by both her clients and lending sources, Anderson serves on the board at Regal
Bank, which is headquartered in Livingston, NJ, and has often been retained as an expert legal witness in commercial real estate litigation. She is also frequently featured as a speaker at industry
On more than one occasion, clients have referred to Anderson as “The Miracle Worker”
because she has a way of bringing dead, unviable business deals to fruition. According to
one colleague, she built a successful business out of nothing.
Lilly Preziose, marketing coordinator at the firm, says that in addition to being personable and easy to relate to, Anderson has always shown to be considerate to the feelings
and emotions of others. “She speaks to you as a person first and a boss second.
She also goes the extra mile, says another colleague. Vice president Brit Zamoyta
notes that Anderson has a proven track record and says that her ability to close
opportunities with long lasting clients as well as managing the lines of business for
the firm is a task only the founder or president can accomplish. “She is a great
leader and provides support to all staff when needed. Kathy is the kind of boss
every employee aspires to have.”
Motivation, both for himself and instilled in colleagues, is a natural skill for Yat-Pang Au.
Currently the CEO and founder of Veritas Investments, his intellectual curiosity and eagerness
to learn provide a platform for sharing his passion in real estate. Colleagues, clients and other
associates often remark at his unusual ability to elicit open dialogue and collaboration that
enables the best ideas and strategies to come forward.
For example, one colleague said that Pang constantly reminds employees that their input is
not just welcomed but is needed to make Veritas successful, adding that “He engages in per-
sonal conversation throughout the day as well as in structured feedback loops such as the firm’s
all-hands meetings, internal surveys and supervisor/manager relationships.”
Au has demonstrated vision for the firm through constant, strategic evaluation of the com-
pany’s near-term and long-term operations. He initiated an analysis in 2017-18 combining both
internal and outside expertise to question and explore improvements from top to bottom. A busi-
ness process analysis led to developing seven core values and a vision statement tested and vetted
throughout the company. That particular effort also led to streamlined management that combined
once-siloed departments and reduced layers of supervision.
In another related example, Au reevaluated the firm’s brand position and, after another collaborative process involving employee input, the company decided to move away from a structure of three
separately-branded business units to one unified brand, Veritas.
A San Francisco Bay Area native, Au has 20 years of real estate investment and management experience under his belt. In his current role, he is responsible for the
operations of the firm and its subsidiaries. Prior to founding Veritas, Au was
CEO of AEC Alarms and held executive positions at several technology firms.
Au is also an active member of the Coalition for Better Housing, San
Francisco Apartment Association, Bay Area Council, National Multi
Housing Council, and the Young Presidents’ Organization. He has also
been honored by the Northern California Real Estate Council for the City
of Hope cancer hospital as its 2018 Spirit of Life honoree.