We are thrilled to announce that Merchants Capital CEO Michael Dury has been named to the Indianapolis Business Journal’s 40 Under 40 list. This list consists of local business and professional leaders who have achieved success and excelled in their field before the age of 40. Those who have demonstrated leadership, initiative and dedication in pursuing their careers, and who are likely to continue such achievements in the future, all make up this prestigious group of recipients.
Dury received his MBA from Indiana University’s Kelley School of Business and started working at Merchants Capital shortly after graduation. At just 35, Dury is one of the top loan originators nationwide. His personal loan production value is on par with some of the top lending firms in the U.S.
Our CEO is a pillar in the Indianapolis community and the state as a whole. His efforts have been highly influential in the financing and creation of many notable market-rate and affordable multifamily properties around Indiana, including a recent first-of-its-kind loan to preserve and renovate affordable housing for the low-income residents of Carriage House, a Section 8 housing development in Evansville.
A local powerhouse who has spent his entire career at Merchants Capital, Dury has helped grow the company from a humble team of eight to 100 employees across four offices (Carmel, New York City, St. Paul and Chicago), in addition to leading acquisitions and bringing in talent to establish those high-production locations. In September, we cut the ribbon on our $25 million, 120,000-square-foot headquarters in the City of Carmel’s Midtown district – a commitment to the long-term, sustainable growth in the state that Dury played a pivotal role in.
One of his most notable triumphs was announcing that we were named No. 10 on the Top 25 U.S. Affordable Lenders of 2018 list by Affordable Housing Finance. Additionally, we have been named one of the Best Places to Work in Indiana four years in a row.
Dury’s career in the Indianapolis market has been one of immense growth and leadership. From his first role overseeing a small team to helping Merchants Capital become the billion-dollar corporation it is today, he is unstoppable. Above all, his ability to build relationships with developers, keep promises to bring safe, new and affordable housing to low-income individuals around the nation, and seeing opportunity when others see obstacles separates our CEO from all others.
Read his IBJ profile here. To see the full list of nominees, click here.