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| Grace Huebscher |
BETHESDA, MD, Feb. 18, 2014
– Beech Street Capital posted a fourth
year of solid growth and performed well in year-end rankings, despite Fannie
Mae’s and Freddie Mac’s mandated 10 percent reduction in multifamily loan
volume. Beech Street ended the year
with a portfolio of 913 loans totaling almost $10.9 billion.
For the third year in a row, Beech Street Capital, a Capital One
company, placed among the top five lenders in the country on Fannie Mae’s
annual list of top multifamily loan originators. Beech Street was the top producer for manufactured housing
communities (MHC) in 2013.
In the Freddie Mac’ rankings, Beech Street continued to move up,
placing sixth in the agency’s list of top sellers nationwide for 2013. The firm’s volume with Freddie rose 24
percent in 2013. Beech Street’s results
for the year also revealed its growing presence in FHA lending. The company’s volume for 2013 was up 65
percent over 2012.
“The constant that drove
our success with Fannie, Freddie and FHA this year, as it has in the past, is
the value we place on relationships,” says Grace Huebscher, Beech Street’s president.
“We look for opportunities to build bridges to the agencies. And with every transaction, we find ways to
exceed the expectations of our borrowers.”
Huebscher believes that the company’s agency relationships and its
demonstrated commitment to going the extra mile for customers help to
differentiate it from the competition, attract new business, and convert new
clients into repeat customers.
Now as a Capital One
company, Huebscher foresees expanding those relationships even further. “We can now make other forms of financing
available to our customers that complement our agency expertise,” she
says. “We’re very excited about what we
have to offer.”
For a complete copy of the company’s news release, please
contact:
Courtney Lewis at
240-507-1948
Jenifer Bernardi at
240-507-1946.
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