2008 CPN Goldbook - (Page 43) FINANCIAL SERVICES GIANTS Bank of America Corp. I n October 2007, Bank of America Corp. completed its purchase of ABN Amro North America Holding Co., parent of LaSalle Bank Corp. and its subsidiaries. With the acquisition, Bank of America significantly expanded its Michigan and metropolitan Chicago presences by adding LaSalle Bank’s 17,000 commercial banking clients, 1.4 million retail customers, 400 banking centers and 1,500 automated teller machines. The EUGENE GODBOLD deal marked Bank of America’s President-Commercial retail-branch entry into Michigan, Real Estate Banking where it now has 256 offices, and Bank of America Corp. it added six banking offices in Indiana. Bank of America’s commercial real estate banking group operates through four core business units: Commer- cial Real Estate, Community Development Banking, Home Builder and TriSail Capital Corp. The company recently relocated its commercial real estate banking headquarters from Atlanta to Chicago. Eugene Godbold, a 28-year veteran of the company, continues as president of the business. Bank of America has announced a $70 billion community-development goal in Illinois and a $25 billion goal in Michigan, part of its national commitment to community-development lending and investRON STURZENEGGER ment of $750 billion over 10 years Managing Director & Global to low- and moderate-income and Head-Real Estate and Lodging Investment Banking minority communities. The Illinois Bank of America Corp. and Michigan goals are intended to address the unique needs of the markets. Capmark Financial Group Inc. C apmark Financial Group Inc., a global, diversified company, provides financial services to investors in commercial real estate-related assets. Capmark has three core businesses: lending and mortgage banking, investment and fund management, and loan servicing. The company operates in North America, Europe and Asia. Capmark Finance Inc., the U.S. real estate lending and mortgage banking arm of Capmark Financial Group Inc., has access to multiple capital sources and provides a range of financial services to investors in commercial real estaterelated assets. Capmark Finance is a direct lender; a correspondent for insurance companies, pension funds and other capital markets conduits; and one of the leading approved lenders for Fannie Mae, Freddie Mac and the Federal Housing Administration. Capmark’s Freddie Mac and Fannie Mae originations totaled $4.8 billion during 2007. Capmark Investments L.P., the investment and fund management operation of Capmark Financial, manages equity real estate- and mortgagerelated investments in the public and private markets. It manages almost $11 billion in investments for various institutional and highnet-worth investors in equity real estate, whole loans, CMBS, B-notes, mezzanine debt, residential mortgage-backed securities and collateralized debt obligations. Its investment programs are tailored to client return-risk WILLIAM ALDINGER III tolerances in core, value-add and CEO Capmark Finance Inc. high-yield funds. Capmark Financial Group has one of the largest global commercial mortgage-servicing portfolios, with more than $372 billion in loans, and is a leading special servicer, workout specialist and asset manager. 2008 Goldbook Commercial Property News 43
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