Capital One Names Additions to Specialty Finance - Monitordaily

Capital One Bank?s Commercial and Specialty Lending business announced a significant uptick in demand for specialty finance products among its commercial banking customers. Recent additions to the firm?s healthcare credit, healthcare real estate, healthcare sponsor finance, security and defense, technology, lender finance and vacation ownership teams, along with strong existing platforms has driven credit interest among new and existing commercial customers.

?In the first quarter of 2012, loan activity in our Commercial and Specialty Finance segment increased due to a solid supply of capital on hand, rising consumer confidence and the addition of experienced talent across our multiple industry-specific groups,? said Mike Slocum, president of Capital One Commercial Bank. ?In recent months, we have added seven new banking teams to our already strong set of specialty lending professionals, which has allowed us to deepen our focus on customer relationships and provide best in class service to help our customers meet their growth needs.?

These new industry-specific teams are led by Keith Reuben and Michael Szwajkowski and complement Capital One Bank?s existing nationally focused specialty banking teams, including Capital One?s Municipal Finance led by Jonathan Lewis, Capital One Leverage Finance led by Perry Vavoules, Capital One Specialty Consumer Finance led by Lori Mitchell, Capital One Taxi Finance led by Paul Dell?Aquilo and Capital One Equipment Leasing and Finance led by Michael Szwajkowski and Ed Hudson.

?Capital One has attracted a deep bench of expert lending professionals with significant industry expertise and knowledge to support our specialty lending business,? said Dean Graham, president of the Commercial and Specialty Finance Business. ?The teams are now integrated and fully executing on our strategy, resulting in another quarter of continued strong fiscal results. The reaction from the market has been extremely positive and we anticipate strong demand throughout 2012.?

The seven new industry groups include:

Healthcare Credit ? Led by Patrick Coffey, Todd Gordon, Daniel Berger and Nathan Brenneman, the group provides credit solutions including asset-based working capital lines of credit, first mortgage real estate loans, equipment financings and senior stretch loans to healthcare operators and healthcare service businesses. The team recently closed a $70 million revolving line of credit for Signature HealthCARE.

Healthcare Real Estate ? Led by Imran Javaid and Keith Kodrin, the group provides bridge, mini-permanent and permanent real estate term loans for acquisitions and refinancings of skilled nursing and senior housing facilities with maturities up to ten years. The team recently closed a $58.5 million term loan to refinance seven skilled nursing facilities in California.

Healthcare Sponsor Finance ? Led by Brian Morris, Healthcare Sponsor Finance provides financing to support sponsor-led buyouts and recapitalizations of middle market healthcare companies. The team recently participated in a senior credit facility for a leading healthcare information technology company, which helped facilitate the acquisition of a highly complementary platform.

Security and Defense ? Led by Bill Polk, Tom Pagnani and John Robuck, the team provides asset-based revolving credit facilities and enterprise value loans to a broad range of security industry sub-sectors, including physical security businesses, security and defense-focused government contractors, public safety and corrections firms and IT security companies. Notably, the Security and Defense team closed a five-year $40 million revolving line of credit with DTT Surveillance, a digital surveillance solutions provider to the restaurant and hospitality industries.

Technology Sponsor Finance ? Led by Alan Tom and Conor O?Keiff, the group provides senior secured financing in support of sponsor-led buyouts and recapitalizations of a wide array of middle-market technology providers. Key technology sub-sectors include ERP/application software, infrastructure software, healthcare IT, security IT, financial technology, IT infrastructure and transaction/payment processing. The team recently closed a loan where Capital One served as co-documentation agent in a senior credit facility for a nationally recognized software company backed by a large private equity sponsor.

Lender Finance Group ? Led by Michael Sznajder, the group focuses on delivering a broad range of credit solutions to companies operating in the commercial finance market across the country.

Vacation Ownership ? Led by Jim Casey, the group provides hypothecation and inventory financing to timeshare operators nationwide.

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