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.

“This team is on an exciting trajectory, and I’m delighted with this opportunity to help build our presence in Louisiana,” said Crochet. “I look forward to making more multifamily investors aware of FHA programs, providing the best in class personal service and customized financial solutions that has made Beech Street successful.”
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. Crochet holds a B.S. degree in finance and real estate from the University of New Orleans. He can be contacted at rcrochet@beechstcap.com.

Beech Street Capital, a Capital One company, is a mortgage banking company engaged in originating, underwriting, closing, and servicing high-quality multifamily, manufactured housing, student housing, senior living properties and long-term care facilities nationwide.