Tuesday, February 18, 2014

For the Third Year Running, Beech Street Capital Ranks Among Fannie Mae’s Top Five DUS® Lenders


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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