CapitalSource Launches Professional Practice Lending Team (CSE)

CapitalSource Inc. CSE today announced that it has hired a highly accomplished team of professionals to form a lending group specializing in financing dental, optometric, ophthalmic and veterinary practices nationwide. The ten-person team includes regional managers with an average of 15 years of experience in the professional practice finance industry and will focus on conventional practice acquisition financing, partnership buy-ins, and refinance programs. CapitalSource's historic strength in a broad range of specialty lending businesses such as healthcare, security, technology, and lender finance has been meaningfully bolstered in the past year with the addition of several new lending platforms, including equipment finance, SBA lending and multi-family. The addition of a professional lending practice further positions the Company for continued loan growth momentum. CapitalSource closed $441 million in new funded loans during the second quarter and boosted its projected range for quarterly loan originations to $300 million-$400 million for the balance of 2010.