McLEAN, VA—Capital One Bank has introducedCapital One Multifamily Finance, an offering thatleverages its acquisition of Beech Street Capital last year.Namely, Capital One Multifamily Finance bundles the two entities'respective balance sheet and agency lending groups into a singleunit. The formal roll out of this operation is one of theintegration benchmarks for the two firms.
"This acquisition was always about synergies," GraceHuebscher, Head of Agency Multifamily Finance for CapitalOne, tells GlobeSt.com. In this case, Capitol One's clients, beforethe acquisition of Beech Street, didn't have access to agencylending and Beech Street was not able to offer its multifamilyclients a balance sheet solution.
"Now we have a broader solution for clients and we are offeringit all under one umbrella," Huebscher says.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
