16.08.2013 20:05:13

Capital One To Buy Beech Street Capital

(RTTNews) - Capital One Financial Corp. (COF) said Friday that it has agreed to buy Beech Street Capital, a privately-held, national originator and servicer of Fannie Mae, Freddie Mac and FHA multifamily commercial real estate loans.

Terms of the deal were not disclosed.

The acquisition is expected to close in the fourth quarter of 2013.

Headquartered in Bethesda, Maryland, Beech Street has 10 offices around the U.S.. Together, Capital One and Beech Street will have portfolio loan servicing and origination capabilities nationally.

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