Beech Street Capital LLC has named Carolyn Whatley as its new senior vice president of originations. Based in Palm Beach, Fla., Whatley will support Beech Street’s FHA business nationwide, with an emphasis in the southeast. A twenty-five-year veteran with extensive experience in multifamily finance and development, Whatley has originated, underwritten, or closed nearly $1 billion in multifamily and commercial real estate loans for projects in 43 states.
"During our first three years, we’ve established ourselves as national leaders in Fannie Mae and Freddie Mac transactions," said Grace Huebscher, Beech Street’s president and CEO. “Our HUD business has been growing exponentially, and bringing Carolyn on board is part of our strategy to build a leadership position in that business as well.”
Prior to joining Beech Street, Whatley was first vice president at Love Funding Corporation, where she was honored as top producer in 2005 and for closing the firm’s largest single transaction in 2005 and 2009. While at Love, she earned a reputation, in the words of one of her clients, for “her thorough knowledge of the multifamily industry combined with an ability to think outside the box.”
“Beech Street encourages its team to be innovative and entrepreneurial,” Whatley said. “I think that accounts for its exceptional track record over the last three years and I am excited to join the team.”