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.”
Grace Huebscher, head of Agency Multifamily Finance, Capital One, said, “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 offers clients the capabilities of is Commercial Banking group in related asset classes and in services such as treasury management.
The financial holding company has expanded its national platform. Beech Street has nine offices around the United States, while Capital One offers financing in key East Coast markets as well as Louisiana and Texas.
