CapitalSource Announces New Business Development Officer
Will Focus on Resort, Mortgage and Specialty Finance Industries Nationwide
CHEVY CHASE, MD, February 3, 2006. CapitalSource Finance LLC announced today that Andrew Niesen has joined the company as a Business Development Officer in the Structured Finance group, where he is responsible for originating loan transactions to the resort, mortgage and specialty finance industries nationwide and is involved in loan syndication and securitization initiatives.
Prior to joining CapitalSource, Mr. Niesen was a Vice-President in the Capital Markets Group at Textron Financial, where he arranged for the sale and distribution of the companys loan assets through a variety of Special Purpose Vehicles utilized to manage individual borrower or industry concentration risk as part of the companys overall portfolio objectives. While at Textron, he was involved with loan and portfolio sales in excess of $1 billion to a variety of institutional investors with primary concentration in the Golf and Resort Finance industries.
Before joining Textron, Mr. Niesen held positions as Vice President of the Corporate Banking Groups at both Bank Hapoalim and Wachovia Bank in Philadelphia, PA and Assistant Vice President of the Commercial Banking Division at Key Bank in Cleveland, OH. Mr. Niesen holds an M.B.A. with dual concentrations in Finance and Marketing from Baldwin Wallace College in Cleveland, OH. He received a B.A. in Economics from Union College in Schenectady, NY. Mr. Niesen is based in Philadelphia, PA and can be contacted at 215-246-3446 or aniesen@capitalsource.com.
The Structured Finance group at CapitalSource specializes in providing innovative debt facilities to companies active in the vacation ownership, real estate and finance industries.
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