Eric Brown Joins HomeStreet Capital as Community Lending Manager.SEATTLE -- Eric Brown Eric Brown is the name of several people:
A method whereby a company attempts to improve its debt or credit worthiness. Notes: Credit enhancements take many different forms. An example of a credit enhancement would be conversion rights added on to a debt instrument in order to lower the issuing and real estate development. Brown came to HomeStreet Capital from Fannie Mae's American Communities Fund where, as community development manager, he worked with the public sector, financial institutions and developers to arrange financing for affordable housing and community development projects. He previously served as executive director for St. Andrew's Housing Group and as housing developer for Common Ground. "Eric has a level of expertise that gives him -- and HomeStreet -- the capacity to be very responsive to the affordable housing marketplace in the Northwest," said Pat Leach, Income Property Lending Director for HomeStreet Capital. "Eric's experience as a developer of affordable housing gives him a deep understanding of the needs of community developers and the specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. financing requirements and available resources, including Low Income Housing Tax Credits, tax-exempt bonds Tax-exempt bond A bond usually issued by municipal, county, or state governments whose interest payments are not subject to federal and, in some cases, state and local income tax. tax-exempt bond See municipal bond. and other public and private financing sources. Affordable housing is a key factor in the economic development, stability and livability of our communities, and Eric's record attests to his dedication to this cause." HomeStreet is a member of the Federal Home Loan Bank of Seattle, with access to its Community Investment Program and Affordable Housing Program resources. HomeStreet also works closely with a number of community development organizations and programs that help low- to moderate-income people become homeowners such as HomeSight, Portland Housing Center and the Hawai'i Home Ownership Center. HomeStreet Capital, the income property division of HomeStreet Bank and one of the Northwest's oldest multifamily and commercial real estate lenders, provides bridge, construction and permanent financing Permanent financing Long-term financing using either debt or equity. permanent financing The long-term financing that supports a long-term asset. for affordable housing transactions, including homeownership and rental projects. HomeStreet Capital is headquartered in Seattle, Washington  This page is protected from moves until disputes have been resolved on the .The reason for its protection is listed on the protection policy page. , with offices in Bellevue, Washington Bellevue is a rapidly growing city in King County, Washington, U.S., across Lake Washington from Seattle. Long known as a suburb or satellite city of Seattle,[1] it is now categorized as an edge city or a boomburb. ; Portland, Oregon; California and Maine. For more information, call 888-999-7909 or visit online at www.homestreetcapital.com. NOTE TO MEDIA: Electronic photo available upon request. Contact Terri Silver at 206-389-6303 or by e-mail at terri.silver@homestreet.com. |
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