HomeStreet Launches Commercial Capital Group in California

HomeStreet Bank, a wholly owned subsidiary of HomeStreet, Inc. (NASDAQ:HMST), announced that it has launched HomeStreet Commercial Capital, a commercial real estate lending group originating projects up to $10 million in size. The group is based in Orange County, Calif.

HomeStreet Commercial Capital will provide permanent financing for a range of commercial real estate loan including multifamily, industrial, retail, office, mobile home parks and self-storage facilities. A team of 14 is led by Bill Endresen, formerly with Impac Commercial Capital and a 40-year veteran of the commercial real estate industry.

“We are excited about the opportunity this presents our group as we combine our collective expertise in the commercial real estate field and our knowledge of the market with the financial strength of HomeStreet Bank,” said Bill Endresen, EVP, HomeStreet Bank, and president of HomeStreet Commercial Capital. “We look forward to assisting developers and investors in Southern California and other Western region markets with their permanent financing needs.”

For more information on HomeStreet Bank, visit www.homestreet.com.