Heller Real Estate Financial Services, a Brentwood, Tenn., unit of Chicago-based Heller Financial Inc., has hired Steven Mercer as senior investment officer.

Mr. Mercer, who heads the new Nashville office, is responsible for existing and future debt, equity real estate investments, and new business in Tennessee and North and South Carolina. He was a development manager at GE Capital.

In addition, the New York-based unit of Heller Real Estate Financial has promoted Frances D'Loren to northeast originations manager. Ms. D'Loren was a vice president and senior investment officer for the northeast region.

She is responsible for overseeing all activities of the investment officers and underwriters in the Northeast.

Heller Financial is a commercial financial services organization owned by Japan's Fuji Bank Ltd.

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