BETHESDA, MD, April 2, 2012 – Beech Street Capital, LLC announced today that it has recruited Mitch Sinberg (top right photo) and Mike Wallace, two experienced originators with extensive agency experience, to open the firm’s new offices in Florida.
“I’ve followed their careers for some time now,” says Chad Hagwood (middle left photo), Beech Street’s executive vice president-originations. “Mike and Mitch have a great track record. They share our commitment to service and going ‘above and beyond’ for our customers.”
Both Sinberg and Wallace come to Beech Street from Grandbridge Real Estate Capital, where they focused extensively on multifamily finance. They arranged first mortgages and equity for permanent, transitional, and ground-up projects for the full range of multifamily and commercial assets in the Southeast and around the nation.
Specializing in multifamily financing, Beech Street closed over $2 billion last year, and ranked third among Fannie Mae lenders nationwide. Beech Street also originates a growing volume of Freddie Mac and FHA loans.
Opening the Florida offices, its 11th and 12th, is part of Beech Street’s ongoing strategy of maximizing its national presence.
“We are filling out our nationwide footprint by opening offices in key markets,” says Grace Huebscher (lower right photo), Beech Street’s president and CEO. “But we only do so when we find an outstanding team. Mitch and Mike fit this criterion exactly.
Contact:
Jenifer Bernardi
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