McLean, VA 22102
Starting as a credit card company in 1994, Capital One has since become one of the most recognizable names in banking and a growing player in the real estate industry, particularly on the commercial side.
The diversification from a strictly credit card business to more of a full-service commercial bank has had its ups and downs. In 2008 the bank expanded its commercial real estate business, bolstering its executive leadership and creating a Boston-based real estate banking group to join the teams in New York, New Jersey, Louisiana, Texas, and Philadelphia, where it has since become known as one of the premier lenders for new high-rise construction projects.
Capital One has been forced to shrink some of its real estate holdings, as the bank gets bigger. In 2013, after acquiring HSBCs credit card business, Capital One looked to slough off some of its Chicago holdings.
However, the bank is, overall, gaining traction. In 2014, the banking giants multi-family division was named as one of the top five lenders in the divisions first year, netting more than $3.1 billion in loan originations. Capital One now looks to expand that divisions influence into the West Coast.