BETHESDA, MD—Locally-based EagleBank is expanding its lending creds with the launch of a FHA Multifamily lending division. It has hired four specialists to staff the new unit.
EagleBank will provide a range of debt products for multifamily borrowers through the new division, from development to long-term permanent financing. EagleBank Chair and CEO Ronald D. Paul called the unit the bank's "logical and strategic next-step" as it grows its multifamily business.
The four specialists are Tony Washington, Rich Devaney, Mike Somerville and Quinn Cullen.
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