Capital One M-F Finance Opens Orlando Office
- Nov 24, 2014
Capital One Multifamily Finance has opened a new office in Orlando, Fla., and chosen industry veteran Robert Nagel, newly appointed senior vice president of originations, to head up the office.
“Capital One has a presence in Florida on the agency side of the business and wants to continue to expand its resources there because we see a great opportunity to participate in the region’s robust growth,” Grace Huebscher, Capital One Multifamily Finance’s president, told Commercial Property Executive.” “Multi-family fundamentals in key MSAs are quite good with plenty of investment activity.”
The Orlando office will offer Capital One’s clients access to agency financing from Fannie Mae, Freddie Mac and the FHA.
Before joining Capital One, Nagel worked for various financial institutions throughout Central Florida, including Washington Mutual, Fifth Third Bank and Collateral Mortgage Capital. With three decades of experience in the field, Nagel has originated more than $1 billion in direct bank balance sheet and agency lending.
“Rob is a superb addition to our team; he brings a focus on client service and leadership skills that will help us build our Florida presence,” Huebscher added. “He has a deep understanding of the market in Florida and an excellent track record of success in multi-family, seniors and agency lending as well as solid banking experience.”
Nagel also has extensive expertise providing Fannie Mae DUS, Freddie Mac Program Plus, FHA, and interim-term and construction loans for apartments and assisted living communities.
“I’m pleased to join Capital One, and I look forward to building a team in Orlando that delivers on Capital One’s commitment to exceptional service,” Nagel said in a company release. “We are superbly positioned to meet the needs of clients seeking agency financing in the region.”
Capital One Multifamily Finance already had a solid presence in the state with an office in Palm Beach Gardens, and the Orlando office is expected to increase its reach in the region.
“Establishing an Orlando office is a logical next step as we continue to build out our national platform for multi-family lending,” Huebscher concluded. “We believe our client-centric approach and deep understanding of agency lending will succeed in this large and growing market.”