Daily News: May 15, 2014

Beech Street Names VP/Originations RE Debt Financing

Beech Street Capital, a Capital One company, announced the appointment of Randy Crochet as Vice President of Originations for the New Orleans, LA region. Crochet’s responsibilities will be on multifamily and commercial real estate debt financing, with an emphasis on FHA programs.

“We are pleased to welcome Randy on board; he brings invaluable experience and a track record of success in this critical market,” says Chad Hagwood, Beech Street’s executive vice president of originations. “His deep FHA product knowledge and detailed understanding of the New Orleans market’s needs fits perfectly with our commitment to providing an exemplary, personalized client experience to our multifamily customers.

Crochet joins Beech Street from Stifel Bank, where he managed the bank’s HUD multifamily and healthcare division. He previously served as an originator of commercial real estate loans for Capmark Commercial Mortgage, CW Capital, and Hibernia National Bank, and is a co-founder of the Naked Pizza franchise company.