WASHINGTON, DC-CapitalSource has created five new focused business lending units aimed at specific industries, including a structured finance unit aimed at specialty real estate firms. Other funding units target health care, retail, telecom and media and capital partners.
CapitalSource, based here, but with offices in San Francisco, Boston and Philadelphia, opened for business last year with $540 million of committed equity capital and $2.5 billion of funding capabilities. It targets mid-sized corporations that require financing for growth, acquisitions or recapitalizations by offering senior, asset-based and mezzanine financings ranging from $3 million to $40 million.
“As a team of specialists, we can better understand the relevant trends in our target markets and deliver innovative, flexible and timely financial solutions to our customers,” says CapitalSource CEO John K. Delaney.