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McLEAN, VA-The multifamily finance market shifted on Friday with the announcement by Capital One that it was acquiring multifamily originator Beech Street Capital. The combined entity, when the deal is finalized in the fourth quarter of 2013, will result in the fifth largest national multifamily loan originators. From there, the company has nowhere to go up but up in this particular asset class, Rick Lyon, Head of Commercial Real Estate Banking, Capital One, tells GlobeSt.com. In short this is not an economies of scale play or a deal forged to gain operational efficiencies, he says. “For us, this is all about growth.”

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