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Capital One Bank Unveils Multifamily Finance Division

NationalMortgageProfessional.com
Jun 02, 2014

Capital One Bank has introduced Capital One Multifamily Finance, a commercial real estate organization that combines Capital One’s balance sheet and agency lending groups into a single entity. The announcement marks the next stage in Capital One’s integration of Beech Street Capital, the agency originator and servicer acquired by Capital One in November 2013. “These teams are already working closely together to offer our clients the best of both organizations,” said Rick Lyon, head of Commercial Real Estate Banking, Capital One. “Bringing them under a single banner enhances our ability to serve clients more efficiently, while signaling to the marketplace that we intend to become an even greater force in the multifamily business.” In addition to an expanded product set, the combined organization shares a passion for superior client service. “Our shared commitment to the highest levels of service is just as important to our success as our range of professional services,” said Grace Huebscher, head of Agency Multifamily Finance, Capital One. “Client service is the engine that will drive our growth and allow us to succeed in a highly competitive marketplace.” Capital One Multifamily Finance enters the rankings as a top-five U.S. multifamily originator. “As a full-service provider, we have the breadth to deliver the best possible financing solution for each one of our clients,” said Scott Swerdlin, senior vice president, Capital One. Capital One Multifamily Finance also offers its expanded client base the capabilities of Capital One’s Commercial Banking group in related asset classes and in services such as treasury management. Capital One Multifamily Finance will also be distinguished by its growing national platform. Beech Street has nine offices around the United States, while Capital One offers balance sheet financing in key East Coast markets as well as Louisiana and Texas. The combination sets the stage for Capital One to expand its balance sheet financing to the West Coast and other regions.
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