BETHESDA, MD—Locally-based EagleBank isexpanding its lending creds with the launch of a FHAMultifamily lending division. It has hired fourspecialists to staff the new unit.
EagleBank will provide a range of debt products for multifamilyborrowers through the new division, from development to long-termpermanent financing. EagleBank Chair and CEO Ronald D.Paul called the unit the bank's "logical and strategicnext-step" as it grows its multifamily business.
The four specialists are Tony Washington, Rich Devaney,Mike Somerville and Quinn Cullen.
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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.
