HomeStreet Bank Adds Residential Construction Team in Newport BeachJune 18, 2014HomeStreet Bank expands residential construction lending to CaliforniaHomeStreet Bank announced today that it has expanded its residential construction lending to California, adding a team of residential construction loan originators to its Newport Beach office at 4400 MacArthur Boulevard. The location also houses a mortgage lending team and serves as the base for HomeStreet’s commercial real estate lending services in California.
“The California real estate market is experiencing a strong post-recession rebound in construction activity, and we look forward to helping local builders and developers with their project financing,” said Aram A. Poladian, Jr., first vice president and manager of the newly formed team. “HomeStreet Bank has an impressive, highly respected history as a residential construction lender, dating from its beginnings in the Northwest in the 1920s. I believe that local developers will appreciate the expertise, exceptional back office support and service that are part of this legacy. What’s more, the addition of residential construction lending capabilities in this market is a natural complement to our growing single family mortgage business as well as our new commercial real estate presence.”
Mr. Poladian has more than 40 years of experience in real estate lending, primarily in residential construction and commercial real estate. Prior to joining HomeStreet Bank, he was the regional manager of the KeyBank Home Builder Group in California. He is joined by Anthony Lopilato, vice president of residential construction. Mr. Lopilato has more than 30 years of industry experience and is a member of the Building Industry Association.
Now in its 93rd year, Northwest-based HomeStreet Bank is a diversified financial services company with 84 retail deposit branches, home loan centers, commercial lending and residential construction lending centers in the Western United States and Hawaii. For more information on HomeStreet Bank's builder and construction financing programs, visit www.homestreet.com.