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HomeStreet Opens Construction Lending Center in Salt Lake City

April 21, 2014HomeStreet Bank opens first dedicated residential construction lending center in Salt Lake City.April 21, 2014 – Seattle-based HomeStreet Bank announced that it has opened its first stand-alone residential construction lending center in Salt Lake City, its first physical location in Utah. Wayne Wagstaff has joined HomeStreet as vice president and residential construction relationship manager; David Griffin has joined the company as residential construction underwriter. Both Wagstaff and Griffin have more than 20 years of experience in construction lending in the Wasatch Front.

“Salt Lake City enjoys a strong economy, with low unemployment and a robust real estate market,” said Jeff Todhunter, HomeStreet senior vice president and residential construction lending director. “By expanding to the Wasatch Front, it allows us to bring our strong homebuilder finance competency to a market that has many good local homebuilders and strong demand for new homes.”

Now in its 93rd year, Northwest-based HomeStreet Bank is a diversified financial services company with 30 retail deposit branches, 48 stand-alone home loan centers, four commercial lending centers and one residential construction lending center in the Western United States and Hawaii. For more information on HomeStreet Bank’s builder and construction financing programs, visit www.homestreet.com.