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HomeStreet Bank Expands Commercial Real Estate Lending Eastward

July 11, 2014HomeStreet has expanded its commercial real estate lending into its eastern region, hiring CRE veteran Jon Red to lead the effort.SEATTLE – July 10, 2014 – HomeStreet Bank Commercial Real Estate, one of the leading multifamily and commercial real estate lenders headquartered in the Pacific Northwest, has hired Jon Red to lead its commercial real estate financing activities in the bank’s Eastern Region.

Red has 29 years of commercial real estate experience, both as an originator and a credit officer. Prior to moving to Spokane in 2002, he worked in commercial and investment banking in New York City. He will be based in Spokane and represent HomeStreet’s commercial real estate lending in Eastern Washington, Idaho, Montana, Denver and Salt Lake City, offering a variety of loan products including multifamily and commercial bridge and permanent lending, with an emphasis on Fannie Mae DUS® loans.

“We are fortunate to have added such a highly experienced and well-connected commercial real estate professional to lead our expansion eastward,” said Randy Daniels, EVP, commercial real estate lending director for HomeStreet Bank.

Red holds a B.A. in economics and an M.B.A. in finance.