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| Grace Huebscher |
BETHESDA, MD, Feb. 20, 2013 – For the second year running,
Beech Street Capital, LLC, placed third on Fannie Mae’s annual list of top
multifamily loan originators.
Beech Street’s
volume with the agency grew 45% in 2012.
This growth outpaced the jump in Fannie Mae’s multifamily loans, from
$24.4 billion in 2011 to $33.8 billion in 2012.
At the same time,
Beech Street raised its profile in the Freddie Mac rankings.
It was the top seller in the Northeast
Region, the top structured finance lender and for the second year in a row
earned Freddie Mac’s Partnership Award for outstanding collaboration, increased
loan volume, and commitment to working with the agency.
Beech Street was Freddie Mac’s seventh top
seller nationwide.
“The depth of
experience that Beech Street brings to our partnership with the agencies has
been a decisive factor in our growing leadership in the market, and we are grateful
for the relationship,” says Beech
Street president and chief executive officer Grace Huebscher.
“It has enabled us to execute on deals in ways that far
exceed the expectations of our borrowers and helped us attract and retain a
steady stream of new customers.”
Huebscher points to a number of other factors that
contributed to Beech Street’s performance in 2012—and that bode well for 2013.
The company has
steadily expanded its geographic footprint and now has 13 offices
nationwide. From Huebscher’s point of
view, having the right people in those locations is the critical difference.
“We don’t open an office unless we’ve secured a top producer
to lead it,” she says.
Huebscher also
underscores Beech Street’s record of attracting new customers and quickly
converting them to repeat customers.
“We’re in a relationship business,” she says. “That’s why Beech Street’s laser-like focus on service and
execution is so critical.”
For a complete copy of the company’s news release, please
contact:
Courtney Lewis
240-507-1948
Jenifer Bernardi
240-507-1946.
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