Beech Street Recruits Carolyn Whatley to Continue to Build HUD/FHA Business
FEBRUARY 22, 2013, BETHESDA, MD – Beech Street Capital, LLC, announced today that it has named Carolyn Whatley senior vice president of originations. Based in Palm Beach, Florida, Whatley will support Beech Street’s FHA business nationwide, with an emphasis in the southeast. A twenty-five-year veteran with extensive experience in multifamily finance and development, Whatley has originated, underwritten, or closed nearly $1 billion in multifamily and commercial real estate loans for projects in 43 states.
”During our first three years, we’ve established ourselves as national leaders in Fannie Mae and Freddie Mac transactions,” says Grace Huebscher, Beech Street’s president and CEO. “Our HUD business has been growing exponentially, and bringing Carolyn on board is part of our strategy to build a leadership position in that business as well.”
Prior to joining Beech Street, Whatley was first vice president at Love Funding Corporation, where she was honored as top producer in 2005 and for closing the firm’s largest single transaction in 2005 and 2009. While at Love, she earned a reputation, in the words of one of her clients, for “her thorough knowledge of the multifamily industry combined with an ability to think outside the box.” “Beech Street encourages its team to be innovative and entrepreneurial,” Whatley says. “I think that accounts for its exceptional track record over the last three years and I am excited to join the team.”
Whatley’s knowledge of HUD procedures has been furthered by her professional service. As a member of the Board of Directors of the Southeast Mortgagee Advisory Council Whatley work directly with FHA/HUD offices and lenders around the region. “Throughout her career, Carolyn has always looked for opportunities to add value for her clients,” Huebscher comments. “That makes her an excellent fit for Beech Street.”
About Beech Street Capital, LLC
Beech Street Capital, LLC is a mortgage banking company engaged in originating, underwriting, closing, and servicing high-quality multifamily mortgage loans for existing and proposed apartment buildings and manufactured home communities throughout the United States. Beech Street is a Fannie Mae DUS® lender, a Freddie Mac Program Plus® Seller Servicer, and an FHA MAP and LEAN lender. Headquartered in Bethesda, Maryland, Beech Street has offices in Alabama, California, Florida, Georgia, Illinois, Massachusetts, New York, Texas, and Washington. Web site: www.beechstcap.com