BNET Industries

Market Cap:$1.2B
Last Fiscal Year Sales:$1.5B
  • Public
  • US
Dow Jones Description

We are a commercial lender that provides financial products to middle market businesses, and, through our wholly owned subsidiary, CapitalSource Bank, provides depository products and services in southern and central California. We currently operate as three reportable segments: 1) Commercial Banking, 2) Healthcare Net Lease, and 3) Residential Mortgage Investment. Our Commercial Banking segment comprises our commercial lending and banking business activities; our Healthcare Net Lease segment comprises our direct real estate investment business activities; and our Residential Mortgage Investment segment comprises our remaining residential mortgage investment and other investment activities in which we formerly engaged to optimize our qualification as a real estate investment trust (REIT). For financial information about our segments, see Note 26, Segment Data , in our accompanying audited consolidated financial statements for the year ended December 31, 2008. Through our Commercial Banking segment activities, we provide a wide range of financial products to middle market businesses and participate in broadly syndicated debt financings for larger businesses. As of December 31, 2008, we had 1,072 loans outstanding under which we had funded an aggregate of $9.5 billion and held a $1.4 billion participation in a pool of commercial real estate loans (the A Participation Interest). ...

President, CEO, Capitalsource Bank
Hayes Douglas
Number of Employees 716
Contact Information

4445 Willard Ave 12th Fl

Chevy Chase, Maryland 20815

capitalsource.c...

(301) 841-2700

NAICS Code Mortgage and Nonmortgage Loan Brokers: 522310

Recent Events

  • FBR Capital Markets and Co. reiterates CapitalSource at 'outperform'

    11/18/09 - Bond / Stock Rating - View Story

  • UPDATE 2-CapitalSource to sell healthcare net lease portfolio

    11/17/09 - Board Member - Entering - View Story

  • UPDATE 1-CapitalSource CEO to become executive chairman

    11/17/09 - Mgmt. Change Entering - Other - View Story

  • CapitalSource Appoints Steven Museles And James Pieczynski As Co-CEOs - Quick Facts

    11/17/09 - Mgmt. Change Entering - CEO - View Story

  • BRIEF-CapitalSource appoints Co-CEOs

    11/17/09 - Mgmt. Change Leaving - President - View Story

  • Omega Healthcare to acquire 80 long-term-care sites

    11/18/09 - Joint Venture / Alliance - View Story

  • Bank Watch: FBOP Ordered To Cut CRE Exposure in a Hurry

    9/23/09 - Bond / Stock Rating - View Story

  • FBR Capital Reiterates an 'Outperform' Rating on CapitalSource CSE After Meeting With Management

    9/23/09 - Bond / Stock Rating - View Story

  • CapitalSource Declares Third Quarter 2009 Dividend

    9/04/09 - Stock Split / Dividend - View Story

News & Analysis

capitalsource inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Hayes Douglas President, CEO, Capitalsource Bank
Tad Lowrey Chief Executive Officer, President, and Director
Daniel Duffy Co-President of the Corporate Finance Business
Dean C. Graham President
James J Pieczynski Co-President-Healthcare & Specialty Finance Business
Jeffrey Kilrea Co-President of the Corporate Finance Business
Joseph A. Kenary President Corporate Finance
Keith D Reuben Co-President-Healthcare & Specialty Finance Business
Michael Szwajkowski President Structured Finance. Business.
Bryan M. Corsini Chief Credit Officer
Bryan Smith Chief Accounting Officer (Principal Accounting Officer)
C William Hosler Chief Financial Officer, Marcus & Millichap Holding Companies
Chris Woods Chief Technology Officer
David Bjarnason Chief Accounting Officer
Donald F. Cole Chief Operations Officer
James M. Mozingo Chief Accounting Officer
Steven A. Museles Chief Legal Officer
Steven Silver Chief Marketing Officer
Thomas A. Fink Chief Financial Officer
Thomas F. Steyer Senior Managing Member and Acting Chief Investment Officer
Dana M. Smith Senior Vice President of Human Resources
Dennis Oakes Senior Vice President, Investor Relations
Margaret Nollen Vice President, Investor Relations
Tony Skarupa Vice President, Finance
Cheryl Carner Managing Director
Gregory Browne Managing Director, Healthcare Cash Flow
Gregory Williams Managing Director, Technology, Media & Telecommunications
Mike Weiss Director of Communications, Capitalsource
Paul Wardour Director, Marketing
Claire Harvey Manager Investor Relations
Alan Feo
Alec Bliss Investment Officer
Bill Polk
Brian Morris
Bryan Bailey Associate
Casey Zmijeski
Chevy Chase
Daniel Berger
Diane Rooney
Edward Bluemel Associate
Glenn Flinn
Gretchen Gordon
Jaime Caruso Investment Officer
Jill Barnes
John A. Bogler
John Costello Associate
Marshall Bass Senior Investment Associate
Matthew Padilla
MO St Louis
Nate Brenneman Investment Officer
Oz Lindley
Peter Duckler Senior Consultant, Hlb Communications
Rainer Zeck
Richard Jander
Richard Stang
Steve Gilleland
Thomas Affolter
Tim Hall
Zoltan Berty
Alan Tom Director
Alex Chavez Director
Christopher Arnold Director
Dennis P. Lockhart Director
Gabriel Boyar Director
Jim Barnett Director
Jon P Abbett Director
Patrick Coffey Director
Ryan Golding Director
Sara L. Grootwassink Director
Steven Anderson Director
William Claus Director
Kyle A. Anderson Investor

Board of Directors

Name (plus bio) Position
John K Delaney Chairman & CEO
Jason M. Fish Vice Chairman & Chief Investment Officer
Timothy M. Hurd Chairman
William G Byrnes Chairman
Andy Fremder Board of Directors
Dennis P. Leckhart Board of Directors
Frederick W. Eubank Board of Directors
Fredrick W. Eubank Board of Directors
Greg Caruso Board of Directors
Jack Brittain Board of Directors
Lawrence C. Nussdorf Board of Directors
Paul R. Wood Board of Directors
Tully M. Friedman Board of Directors

Organization Position Status
CapitalSource, Inc. President, CEO, Capitalsource Bank Current

Organization Position Status
CapitalSource, Inc. Chairman & CEO Current
Capitallogic Partners Co-Founder, Chairman and Chief Executive Officer Current
CapitalSource, Inc. Co-Founder Current
Cig International, LLC Co-Founder, Chairman and Chief Executive Officer of Capitalsource Inc. Current
Georgetown University Chairman of Board Current
CapitalSource, Inc. Board of Directors Current
Heller Financial, Inc. Former
St.Patrick Chairman Former
St. Patrick's Episcopal Day School Chairman of Board Former
Georgetown University Law Center Juris Doctor Degree Former
Columbia University Undergraduate Degree Former

Mr. Lowrey, age 56, has served as CapitalSource Bank's Chief Executive Officer and President since its organization in July 2008. He has served as CEO, Chairman, and Chief Financial Officer for a variety of financial service organizations over the past 33 years. In addition to serving on CapitalSource Bank's board, Mr. Lowrey serves as an elected director of the Federal Home Loan Bank of San Francisco and is a member of the Government Relations Council of the American Bankers Association. Mr. Lowrey previously served as the Vice President of the Thrift Institutions Advisory Council, having been appointed by the Board of Governors of the Federal Reserve Bank, and also served as an appointed member of the Savings Association Insurance Fund Advisory Committee to the FDIC. He is a former Chairman of the Western League of Savings, was on the executive committee of America's Community Bankers, and a director of the California Bankers Association. Mr. Lowrey was Chairman, President, and Chief Executive Officer of Jackson Federal Bank and served as both Chief Financial Officer and Chief Executive Officer of CENFED Financial Corporation and CenFed Bank. He served as Executive Vice President of Wedbush, Inc., a private investment firm and holding company, Chairman of Wedbush Bank, and a director of Golden State Bancorp. Prior to that, he served as Chief Financial Officer at two additional banks and began his career with a national CPA firm.

Organization Position Status
CapitalSource, Inc. Chief Executive Officer, President, and Director Current
CapitalSource, Inc. Board of Directors Current
California Bankers Association Director Current
Federal Home Loan Bank Director Current

Organization Position Status
CapitalSource, Inc. Co-President of the Corporate Finance Business Current
Capitallogic Partners Co-President Current

Organization Position Status
CapitalSource, Inc. President Current
Cig International, LLC President and Chief Operating Officer Current
CapitalSource, Inc. Chief Operating Officer Current
Capitallogic Partners Current
Meridian International Center Board of Directors Current
Health Care Finance Managing Director Former
Hogan & Hartson LLP Attorney Former
University of Virginia School of Law J.D. Former
University of Cambridge Masters Degree Former
Harvard College B.A. Former
Cig International, LLC Member Former

Mr. Pieczynski comes to CapitalSource from LTC Properties, Inc., which is a long-term care health care REIT where he was President and CFO and a member of the Board of Directors. Mr. Pieczynski was responsible for raising the capital and helping the company grow its long-term care real estate portfolio by $650 million. Mr. Pieczynski was also instrumental in the creation and spin-off of a long-term care operating company from the REIT that is now operating approximately thirty skilled nursing facilities. Prior to joining LTC Properties, Mr. Pieczynski was the Director of Development for American Medical International, Inc. (now Tenet Healthcare Corporation) and was responsible for completing acquisitions and joint ventures. Mr. Pieczynski earned his B.S. in Accounting from the University of Illinois in 1984 and is a CPA.

Organization Position Status
Cig International, LLC Co-President, Healthcare and Specialty Finance Business Current
Capitallogic Partners Co-President of the Healthcare and Specialty Finance Business Current
CapitalSource, Inc. Co-President-Healthcare & Specialty Finance Business Current
LTC Properties, Inc. President and Cfo Former
Tenet Healthcare Corporation Director of Development Former
Capitallogic Partners Co-Head-Healthcare & Specialty Finance Business Former
LTC Properties, Inc. Board of Directors Former
University of Illinois Undergraduate Degree Former

Organization Position Status
Capitallogic Partners Co-President Current
CapitalSource, Inc. Co-President of the Corporate Finance Business Current
Heller Financial, Inc. Former
FINOVA Capital Corporation Former

Joseph A. Kenary, Jr., 40, has served as the President Corporate Finance since February 2005 and is a member of our Executive Management Committee. Mr. Kenary served as the Managing Director Group Head of our Corporate Finance group from September 2001 until assuming his current responsibilities. From our inception until September 2001, Mr. Kenary served as an investment officer in our Corporate Finance group. Prior to joining us, Mr. Kenary was employed from 1998 to 2000 at Heller HealthCare Finance and its predecessor company, HealthCare Financial Partners, most recently serving as a Vice President/ Investment Officer. Mr. Kenary received his undergraduate degree from Harvard College and his masters of business administration from the Anderson School at University of California, Los Angeles.

Organization Position Status
Cig International, LLC President Current
CapitalSource, Inc. President Corporate Finance Current
CapitalSource, Inc. Chief Investment Officer Current
Capitallogic Partners Executive Vice President for Corporate Lending Current
Cig International, LLC Executive Vice President, Corporate Lending Former
CapitalSource, Inc. Managing Director Former
Corporate Finance Managing Director Former
Abs Capital Partners Former
The Anderson School MBA Former
University of California, Los Angeles Masters of Business Administration Former
Harvard College Undergraduate Degree Former

Organization Position Status
Capitallogic Partners Co-President of the Healthcare and Specialty Finance Business Current
Cig International, LLC Co-President, Healthcare and Specialty Finance Business Current
CapitalSource, Inc. Co-President-Healthcare & Specialty Finance Business Current
Capitallogic Partners Manager Profile Former
Capitallogic Partners Co-Head-Healthcare & Specialty Finance Former
Hogan & Hartson LLP Former
University of Pennsylvania Law School Juris Doctor Degree Former
Yale University Undergraduate Degree Former

Organization Position Status
Capitallogic Partners President Current
CapitalSource, Inc. President Structured Finance. Business. Current
Life Insurance Company Board of Directors Current
CapitalSource, Inc. Board of Directors Current
CapitalSource, Inc. Member of Capitalsource's Credit Committee, Executive Management Committee and Planning Committee Current
Heller Financial, Inc. Vice President Former
Capitallogic Partners Managing Director Former
CapitalSource, Inc. Managing Director Former
CapitalSource, Inc. Group Head of the Structured Finance Business Former
Capitallogic Partners Group Head of the Structured Finance Business Former
University of Chicago Graduate School of Business Masters Former
University of Chicago masters of business administration Former
Bowdoin College Undergraduate Degree Former

Organization Position Status
Capitallogic Partners Chief Credit Officer Current
CapitalSource, Inc. Chief Credit Officer Current
PricewaterhouseCoopers senior auditor Former
Providence College Undergraduate Degree Former

Organization Position Status
CapitalSource, Inc. Chief Accounting Officer (Principal Accounting Officer) Current
Crowley Maritime Corporation Vice President, Tax and Audit Current
Financial Reporting, Inc Manager Former
CapitalSource, Inc. Controller Former
Financial Reporting, Inc Director Former
Virginia Polytechnic Institute and State University BS Former

Organization Position Status
CapitalSource, Inc. Chief Financial Officer, Marcus & Millichap Holding Companies Current
CapitalSource, Inc. Board of Directors Current
Catellus Development Corporation Chief Financial Officer Former
California Inc Chief Financial Officer Former
ProLogis Former

Chris J. Woods, age 56, is chief technology officer of CapitalSource Inc. (NYSE: CSE), a leading commercial lending, investment and asset management business focused on the middle market. As of June 30, 2007, CapitalSource managed an $20.1 billion portfolio of owned and managed assets. Chris has served as chief technology officer of CapitalSource since May 1, 2000. Prior to joining CapitalSource, Mr. Woods worked for HealthCare Financial Partner (HCF)/Heller HealthCare Finance as the chief information officer, and, later, as the chief administrative and information officer. Before that, Mr. Woods was a senior officer and co-founder of a technical consulting company. Chris received his undergraduate degree from the State University of New York at Buffalo in 1972.

Organization Position Status
CapitalSource, Inc. Chief Technology Officer Current
Cig International, LLC Chief Current
Capitallogic Partners Chief Technology Officer Current
State University of New York at Buffalo Undergraduate Degree Former

David C. Bjarnason, age 37, is the chief accounting officer of CapitalSource Inc. (NYSE: CSE), a leading commercial lending, investment and asset management business focused on the middle market. As of June 30, 2007, CapitalSource managed an $20.1 billion portfolio of owned and managed assets. David has served as chief credit officer of CapitalSource since July 2006. Prior to joining CapitalSource, Mr. Bjarnason was an officer at Freddie Mac responsible for the development and administration of accounting policy related to investment, funding, financial risk management and securitization-related matters. Mr. Bjarnason arrived at Freddie Mac in March 2003 from the Global Capital Markets practice at Deloitte & Touche LLP, where he consulted for four years with clients in numerous industry sectors on accounting, financial reporting and internal controls aspects of financial instruments and asset securitization transactions. David is a certified public accountant and received his undergraduate degree in accounting from the College of William and Mary.

Organization Position Status
CapitalSource, Inc. Chief Accounting Officer Current
Capitallogic Partners Chief Accounting Officer Current

Organization Position Status
Capitallogic Partners Chief Accounting Officer Current
CapitalSource, Inc. Chief Operations Officer Current
Cig International, LLC Chief Administrative Officer Current
CapitalSource, Inc. Director of Operations Former
Covington & Burling Former
University of Virginia School of Law Juris Doctor Degree Former
The State University of New York masters of business administration Former
State University of New York at Buffalo Masters Former
University of Virginia School of Law Undergraduate Degree Former
State University of New York at Buffalo Undergraduate Degree Former
Cig International, LLC Member Former

Organization Position Status
CapitalSource, Inc. Chief Accounting Officer Current
CapitalSource, Inc. Board of Directors Current
Ernst & Young senior manager Former
Orbital Imaging Corporation controller Former

Organization Position Status
CapitalSource, Inc. Vice Chairman & Chief Investment Officer Current
Farallon Capital Management, L.L.C. Board of Directors Current
CapitalSource, Inc. Board of Directors Current
Madison Dearborn Partners LLC Vice Chairman Current
Mysportsclubs Director Current
Lehman Brothers Holdings Inc. Senior Vice President Former
CapitalSource, Inc. Founder Former
The Farallon Former
Princeton University Undergraduate Degree Former

Organization Position Status
Capitallogic Partners Chief Legal Officer Current
Cig International, LLC Chief Legal Officer and Secretary Current
CapitalSource, Inc. Chief Legal Officer Current
CapitalSource, Inc. Executive Vice President Current
Capitallogic Partners Secretary Current
CapitalSource, Inc. Secretary Current
Hogan & Hartson LLP Partner Former
Capitallogic Partners Manager Profile Former
Georgetown University Law Center Juris Doctor Degree Former
University of Virginia Undergraduate Degree Former

Organization Position Status
CapitalSource, Inc. Chief Marketing Officer Current
Cig International, LLC Chief Marketing Officer Current
General Electric Capital Corporation Former
State University of New York at Albany CPA Former
State University of New York at Albany Bs In Accounting Former

Organization Position Status
Capitallogic Partners Chief Financial Officer Current
CapitalSource, Inc. Chief Financial Officer Current
Barrett & McNagny Llp Partner Current
CapitalSource, Inc. Senior Vice President, Finance Former
US Airways Group, Inc. Vice President, Purchasing Former
Barrett & McNagny Llp Attorney at Law Former
American College of Trust and Estate Counsel Fellow Former
University of Notre Dame J.D. Former
University of Chicago masters of business administration Former
University of Chicago Graduate School of Business Masters Former
University of Notre Dame undergraduate degree Former

Organization Position Status
CapitalSource, Inc. Senior Managing Member and Acting Chief Investment Officer Current
Farallon Capital Management, L.L.C. Acting Chief Investment Officer Current
Hellman & Friedman LLC Managing Director Current
Farallon Capital Management, L.L.C. Co-Managing Partner Current
CapitalSource, Inc. Board of Directors Current
Stanford University Board of Trustees Current
Farallon Capital Management, L.L.C. Managing Member Current
Goldman, Sachs & Co. Associate Former
The Goldman Sachs Group, Inc. Associate, Risk Arbitrage Department Former
Morgan Stanley Mergers & Acquisitions Department Former
Stanford Graduate School of Business graduate Former
Yale University graduate Former

Dana M. Smith serves as Senior Vice President of Human Resources for CapitalSource; she joined the organization in July 2006. She is responsible for managing the human resources function on behalf of employees and leadership in the United States and Europe from the company's headquarters in Chevy Chase, MD. Previously HR Director for Constellation Energy's retail businesses as well as Director of HR Consulting and Staffing for Baltimore Gas and Electric, Ms. Smith has held positions of HR Vice President for F&M Bancorp and HR Director for two of Sylvan Learning Systems' companies. Additionally, she has worked both domestically and overseas in an array of positions for Citicorp.

Organization Position Status
CapitalSource, Inc. Senior Vice President of Human Resources Current
Citicorp Former

Organization Position Status
CapitalSource, Inc. Senior Vice President, Investor Relations Current
CapitalSource, Inc. Vice President Investor Relations Former

Organization Position Status
CapitalSource, Inc. Vice President, Investor Relations Current

Organization Position Status
CapitalSource, Inc. Vice President, Finance Current

Organization Position Status
CapitalSource, Inc. Managing Director Current
CapitalSource, Inc. National Director of Retail Finance Former
Marshalls, Inc. Former
T.J. Maxx Former
Babson College MBA Former
University of Massachusetts Amherst BBA Former

As the Managing Director and head of the Healthcare Leveraged Finance Group within the Commercial Finance Business, Mr. Browne is responsible for originating and underwriting leveraged senior loans primarily to private equity owned companies in the healthcare sector. He oversees a portfolio of approximately $500 million in commitments to over 25 companies in various sectors within the healthcare industry. Prior to joining CapitalSource in 2003, Mr. Browne served as a Senior Vice President at GE Capital's Healthcare Financial Services group (formerly known as Heller Financial) where he spent eight years in various capacities including both cash flow lending and, to a lesser extent, asset based lending. During his tenure at GE Capital, Mr. Browne was one of the original members of their healthcare-focused, cash flow lending team which financed middle-market, private equity-sponsored transactions. Prior to GE Capital, Mr. Browne worked as a Group Vice President within the Special Assets division at Sanwa Business Credit Corporation. The division managed Sanwa's troubled asset portfolio which included both general industry and healthcare transactions. Prior to completing his first tenure at GE Capital between 1989 and 1991, Mr. Browne worked at Lloyds Bank for three years. He began his finance training at Chemical Bank where he completed the bank's credit training program and later joined the bank's Multinational Division which covered the Fortune 500 agriculture and construction equipment manufacturers.

Organization Position Status
CapitalSource, Inc. Managing Director, Healthcare Cash Flow Current
Lloyds Bank Former

As the Managing Director of the Technology, Media & Telecommunications Group within the Commercial Finance Business at CapitalSource, Mr. Williams is responsible for managing the company's financing activities in the technology, media and telecom sectors. Prior to joining CapitalSource in 2004, Mr. Williams worked at Sturm Group, a $500 million private equity fund in Denver, CO where he led technology investing and co-managed the fund. He began his career at JP Morgan in mergers and acquisitions and subsequently moved on to manage Morgan's East Coast investment banking effort in communications technology.

Organization Position Status
CapitalSource, Inc. Managing Director, Technology, Media & Telecommunications Current
Sturm Group Inc. Former

Organization Position Status
CapitalSource, Inc. Director of Communications, Capitalsource Current

Organization Position Status
CapitalSource, Inc. Director, Marketing Current

Organization Position Status
CapitalSource, Inc. Manager Investor Relations Current

Organization Position Status
CapitalSource, Inc. Current

Mr. Bliss is an Investment Officer within the Structured Finance group at CapitalSource. He is responsible for the origination of real estate loans in the Chicago area and greater Midwest region. Before joining CapitalSource in 2005, Mr. Bliss was the First Vice President within the Metropolitan Real Estate Group at LaSalle Bank, specializing in construction, acquisition, development, and bridge loan products for the bank's commercial real estate clients. He ran a production team and closed in excess of $500 million in transactions. Prior to La Salle Bank, Mr. Bliss was an Associate at Beacon Realty Capital, a Chicago-based commercial real estate mortgage banking firm. He helped originate and close debt and equity transactions for the firm's customers. Earlier in his career he was a consultant at Economics Research Associates.

Organization Position Status
CapitalSource, Inc. Investment Officer Current
Economics Research Associates Consultant Former
Beacon Realty Capital, Inc Associate Former

Organization Position Status
CapitalSource, Inc. Current
AAI Corporation Senior Consultant Former
Harvard University Master of Business Administration Former
University of Virginia Bachelor of Arts degree Former

Organization Position Status
CapitalSource, Inc. Current
General Electric Capital Corporation Former
Emory University M.B.A. Former
The George Washington University B.B.A. Former

Bryan Bailey is an Associate in the Structured Finance Group at CapitalSource. CapitalSource is a specialized commercial finance company offering asset-based, senior, cash flow and mezzanine financing to small and mid-sized borrowers. Headquartered in the Washington D.C. area, CapitalSource has over 600 employees throughout the US and Europe. The company went public in 2003 (NYSE: CSE) and today has over $12 billion in assets. Bryan is responsible for conducting market research, financial analysis, due diligence, underwriting, and risk analysis for real estate debt and equity financings. Bryan obtained his MBA from Oxford University. Prior to Oxford, he attended the Haas School of Business at the UC Berkeley where he graduated Magna Cum Laude, a member of Phi Beta Kappa, and was an active member in numerous campus organizations. When he is not jogging along the coast or traveling, Bryan spends his time looking for golf balls.

Organization Position Status
CapitalSource, Inc. Associate Current
SF|Rex Associate In the Structured Finance Group at Capitalsource Current
SF|Rex Chairperson, Membership Committee Current
Phi Beta Kappa Member Former
University of Oxford MBA Former

Organization Position Status
CapitalSource, Inc. Current
Heller Financial, Inc. auditor Former
Leveraged Finance Group Former
General Electric Capital Corporation Former
Emory University MBA Former
Duke University undergraduate degree Former

Organization Position Status
CapitalSource, Inc. Current

Mr. Berger has held several positions at CapitalSource since joining the company in May of 2003 including Account Executive, Loan Officer, and Senior Investment Associate before assuming his current role as Investment Officer in July of 2007. Prior to joining CapitalSource, Mr. Berger was an Investment and Research Analyst at Columbia Financial Advisors.

Organization Position Status
CapitalSource, Inc. Current
Columbia Financial Advisors, Inc. Investment and Research Analyst Former

Organization Position Status
CapitalSource, Inc. Current
National City Bank Vice President Former
State Street Corporation Vice President Former
National City Bank Regional Manager of a $ Former
University of Rochester MBA in Finance Former

Mr. Bluemel, an Associate within the Structured Finance Real Estate team at CapitalSource, is responsible for underwriting commercial real estate transactions and assisting in portfolio reviews. Prior to joining CapitalSource in the spring of 2006, Mr. Bluemel worked as a Portfolio Analyst within the Real Estate Portfolio Management group at AIMCO Capital.

Organization Position Status
CapitalSource, Inc. Associate Current
Aimco Capital Portfolio Analyst Former

Organization Position Status
CapitalSource, Inc. Current
Heller Financial, Inc. Former
General Electric Capital Corporation Former
University of Virginia B.S. in Systems Engineering Former

Organization Position Status
CapitalSource, Inc. Current

Organization Position Status
CapitalSource, Inc. Investment Officer Current

Ms. Barnes is President of the Retail Bank, bringing with her 25 years of financial leadership experience. Most recently, she successfully transitioned the Retail Bank of Fremont Investment & Loan to CapitalSource Bank. Prior to joining Fremont, Ms. Barnes was Executive Vice President and Chief Operating Officer, Consumer Banking at IndyMac Bank, responsible for all business and support units within the Retail Banking Division. Earlier in her career, she held several senior operations and sales assignments at Home Savings of America. She joined as Manager in the Corporate Training Department and later relocated to New York to manage the conversion of the 35 branch network of Bowery Savings Bank into Home Savings.

Organization Position Status
CapitalSource, Inc. Current

Mr. Bogler has served as the Bank's Chief Financial Officer since its inception, bringing to the organization more than 20 years of experience in the financial services industry. Throughout his career, Mr. Bogler has assumed responsibility for various financial, accounting, strategic, M&A and operational activities within the organizations he has served, including start-up organizations and large, well-established firms. He has also acted as a consultant on bank de novo activities, including regulatory guidance and performing initial capital raising activities. Before joining CapitalSource Bank, he was the Chief Financial Officer of Affinity Financial Corporation and its subsidiaries, including Waterfield Bank. He also served in various corporate and financial capacities with the Jackson National Life Companies, most recently as the Chief Financial Officer of Jackson Federal Bank. Early in his career, he held several accounting positions with Paragon Life Insurance Company.

Organization Position Status
CapitalSource, Inc. Current

Organization Position Status
CapitalSource, Inc. Associate Current

Mr. Bass is a Senior Investment Associate within the Healthcare Real Estate Group at CapitalSource. He assists with the origination, structure, underwriting, and closing of potential lending and sale-leaseback opportunities directly and in collaboration with a team of investment professionals. Mr. Bass also assists CapitalSource's portfolio management group in post-closing customer interaction and asset management. Since joining CapitalSource in 2003, Mr. Bass has negotiated and closed over $650 million in transactions, including term loans (predominantly real estate), revolving credit lines, and sale-leasebacks. Prior to joining CapitalSource, Mr. Bass spent five years working on Capital Hill as a legislative assistant for then-Representative John Sununu where he oversaw a number of legislative issues including banking and finance, insurance, housing, telecommunications, and energy, among others. Mr. Bass left the Hill in the summer of 2001 to attend business school.

Organization Position Status
CapitalSource, Inc. Senior Investment Associate Current

Matthew Padilla, of OCRegister's Mortgage Insider, talked to Tad Lowrey, president of CapitalSource Bank, who looks back on the credit crunch of 2008 and shares what he sees coming.

Organization Position Status
CapitalSource, Inc. Current

Organization Position Status
CapitalSource, Inc. Current

Mr. Brenneman has held several positions within CapitalSource's healthcare underwriting and portfolio management groups since joining the company in September of 2002 and before assuming his current role as Investment Officer including Senior Account Executive, Loan Officer, Investment Analyst, and Senior Investment Associate.

Organization Position Status
CapitalSource, Inc. Investment Officer Current

Organization Position Status
CapitalSource, Inc. Current
Comerica Bank Vice President, Market Manager Former
University of Indianapolis MBA with honors Former
Albion College Bachelor of Arts degree in Economics Former

Organization Position Status
CapitalSource, Inc. Senior Consultant, Hlb Communications Current

Organization Position Status
CapitalSource, Inc. Current
SunTrust Banks, Inc. Former
Emory University MBA Former
Vanderbilt University undergraduate engineering degree Former

Organization Position Status
CapitalSource, Inc. Current
PNC Business Credit Vice President Former
PNC Bank Former
Northwestern University MBA Former

Organization Position Status
CapitalSource, Inc. Current
Deutsche Bank AG Former
Citigroup Inc. Former
New York University MBA Former

Organization Position Status
CapitalSource, Inc. Current
North Carolina State University BA in accounting and finance Former

Organization Position Status
CapitalSource, Inc. Current
Antares Capital Corporation Senior Vice President Former
Marquette University B.S. in Accounting Former

Organization Position Status
CapitalSource, Inc. Current
The University of North Carolina M.B.A. Former
College of the Holy Cross B.A. in economics Former

Organization Position Status
CapitalSource, Inc. Current
Bay View Capital Corporation Former

Organization Position Status
CapitalSource, Inc. Chairman Current
Outsourcing Solutions Inc. Board of Directors Current
Nuveen Investments, Inc. Board of Directors Current
CFA Society of Chicago Board of Directors Current
CapitalSource, Inc. Committee Member Current
Madison Dearborn Partners LLC Managing Director Former
Goldman, Sachs & Co. Financial Analyst Former
The Goldman Sachs Group, Inc. Former
Madison Dearborn Partners LLC Board of Directors Former
Harvard Business School M.B.A Former
University of Michigan B.A Former

Organization Position Status
CapitalSource, Inc. Chairman Current
Sizeler Property Investors, Inc. Chairman Current
The Regents Board of Directors Current
Sizeler Property Investors, Inc. Board of Directors Current
Madison Dearborn Partners LLC Director Current
Pulpfree, Inc. Co-Founder Former
CapitalSource, Inc. Director Former

Mr. Tom is a Director in the Technology, Media & Telecommunications Group within the Commercial Finance Business at CapitalSource and is responsible for leading all aspects of the transaction process, including originating, evaluating, structuring, underwriting, negotiating, and executing senior secured, senior subordinated, second lien, and uni-tranche financing opportunities in support of sponsor-led buyouts, recapitalizations, or refinancings in the sector. Since joining CapitalSource in 2001, Mr. Tom has led over 28 financings with total commitments exceeding $668 million. Prior to joining CapitalSource in 2001, Mr. Tom worked in the Real Estate Fund within The Carlyle Group, a global private equity firm based in Washington, D.C. While at The Carlyle Group, Mr. Tom assisted in managing and exiting a $492 million portfolio of telecommunications infrastructure, commercial, and light industrial real estate investments. Prior to The Carlyle Group, Mr. Tom worked for PriceWaterhouseCoopers in its Transaction Services group. As an Associate at PwC, he advised both financial and strategic buyers on strategic, financial, operational, and accounting issues related to their acquisitions.

Organization Position Status
CapitalSource, Inc. Director Current

Mr. Chavez joined CapitalSource (NYSE:CSE) in January of 2006 as Director in the Healthcare Real Estate Group. While at CapitalSource, Mr. Chavez closed several "high-profile" transactions including a $450 million financing of the $625 million Tandem Healthcare acquisition in June of 2006 and a $625 million financing for the $2 billion acquisition of Genesis Healthcare in July of 2007. Prior to joining CapitalSource, Alex held various positions at LTC Properties, Inc. (NYSE:LTC) including Director of Finance and Senior Vice President and Treasurer. While at LTC, Mr. Chavez was involved in originating, servicing, and financing nearly $1 billion of long-term care assets in the public debt and equity markets. Prior to joining LTC, Mr. Chavez was employed by Ernst & Young, LLP from 1990 to 1996 where he specialized in the healthcare and real estate sectors and served in various audit capacities including Audit Manager.

Organization Position Status
CapitalSource, Inc. Director Current

Organization Position Status
East Bay College Fund President Current
NYSE Group, Inc. Current
Cig International, LLC Director Current
East Bay College Fund Member of the Board of Directors Current
CapitalSource, Inc. Board of Directors Current
Madison Dearborn Partners LLC Director Current
Bayces Board of Directors Current
CapitalSource, Inc. Member and Consultant, Farallon Capital Management, L.L.C and Farallon Partners, L.L.C. Current
The Farallon Chief Financial Officer Former
East Bay College Fund Co-Founder Former
The University of Texas at Austin Mpa Former
The University of Texas at Austin Bba Former

Mr. Arnold is a Director in the Retail Lending Group within the Commercial Finance Group at CapitalSource. He is responsible for originating, structuring, and underwriting debt capital transactions and overseeing portfolio activity in the retail, consumer, apparel, and restaurant sectors. Mr. Arnold has more than 15 years of experience originating, structuring, underwriting, closing, and monitoring debt and equity investments to companies in a variety of industries. Prior to joining CapitalSource in 2004, Mr. Arnold was a Principal at a private equity firm which focused on middle-market companies undergoing a restructuring or reorganization, often as part of a bankruptcy filing. He was active in all aspects of the investment process and served as a member of the board of directors for certain portfolio companies. In addition, Mr. Arnold spent seven years at GE Capital's Commercial Finance unit where he gained experience in all areas of the transaction process and was ultimately responsible for managing a diverse portfolio of senior debt investments which totaled nearly $1.0 billion.

Organization Position Status
CapitalSource, Inc. Director Current

Organization Position Status
CapitalSource, Inc. Board of Directors Current

Organization Position Status
CapitalSource, Inc. Director Current
Johns Hopkins University School of Advanced International Studies Adjunct Professor Former
Heller Financial, Inc. member Former
Stanford University Former

Mr. Eubank joined Wachovia Capital Partners in 1988 and became a Managing Partner in 2005. Mr. Eubank serves as the Chief Investment Officer of Wachovia Capital Partners. His investing efforts are focused in the Financial Services industry.

Organization Position Status
Wachovia Capital Partners Chief Investment Officer Current
Wachovia Capital Partners Managing Partner Current
COMSYS IT Partners, Inc. Chairman of The Board Current
Cig International, LLC Director Current
COMSYS IT Partners, Inc. Board of Directors Current
CapitalSource, Inc. Board of Directors Current
Wachovia Corporation Former
Greatamerica Leasing Corp. Former
Duke University Master of Business Administration Degree Former
Wake Forest University undergraduate degree Former

Organization Position Status
CapitalSource, Inc. Board of Directors Current

As a Director within the Structured Finance Real Estate group at CapitalSource, Mr. Boyar is responsible for the origination of real estate loans in the New York office. Mr. Boyar has over 15 years of experience in the real estate industry. Prior to joining CapitalSource, Mr. Boyar was an Associate Director at UBS Investment Bank, where he specialized in highly structured debt and equity transactions. At UBS, Mr. Boyar closed over $1.5 billion of transactions including both high leverage first mortgage loans and equity investments that were held on balance sheet. Prior to that, he was the Senior Vice President of Acquisitions for Brickman Associates where he led the firm's acquisition efforts and helped raise its first opportunity fund. Before his work at Brickman Associates, Mr. Boyar was a Vice President with Nomura Capital during the infancy of the CMBS mortgage loan business and an attorney with Weil, Gotshal & Manges LLP.

Organization Position Status
CapitalSource, Inc. Director Current

Mr. Caruso is Director of Mortgage and Credit within the Structured Finance Business at CapitalSource. Prior to joining CapitalSource, Mr. Caruso was an Associate Director and Financial Engineer at UBS Warburg where he structured commercial real estate securitizations and developed various financial optimization models for the commercial real estate group. Before joining UBS Warburg, Mr. Caruso was the Director of Financial Engineering with Claritybank.com and a Vice President in Financial Engineering at Credit Suisse First Boston.

Organization Position Status
CapitalSource, Inc. Board of Directors Current
UBS Warburg Financial Engineer Former
UBS Warburg Board of Directors Former

Organization Position Status
University of Utah Vice President of Technology Venture Development Current
Junior Achievement Utah Dean, David Eccles School of Business Current
University of Utah Dean Current
Biomeridian Corporation Board Member Current
Idaho Technology, Inc. Board of Directors Current
University Venture Fund Board of Directors Current
Consonus, Inc. Board of Directors Current
JA Worldwide Board of Directors Current
CapitalSource, Inc. Board of Directors Current
Junior Achievement Utah Board of Directors Current
The University of Texas at Austin Business Professor Former
University of California, Berkeley Ph.D. In Business Former

Mr. Barnett is a Director in the Healthcare Leveraged Finance Group within the Commercial Finance Business. He is responsible for originating and underwriting a variety of senior and junior debt facilities used to support middle-market private equity transactions in the healthcare industry. Before joining CapitalSource in 2004, Mr. Barnett was an Assistant Vice President at GE Capital and its predecessor, Heller Financial, where he syndicated cash flow senior loans used to support middle-market private equity buyouts. Mr. Barnett began his career as an Analyst in Mercantile Bank's leveraged finance group. He also served as a Summer Associate at Arbor Private Investment Company, a leveraged buyout firm located in Chicago.

Organization Position Status
CapitalSource, Inc. Director Current
Arbor Private Investment Company Summer Associate Former

Organization Position Status
Real Estate Group Inc. Director Current
CapitalSource, Inc. Director Current
Cig International, LLC President of Cig International Former
Gladstone & Associates Consultant Former

Organization Position Status
Clark Construction Group, LLC Vice President Current
Pepco Holdings, Inc. Board of Directors Current
Clark Construction Group, LLC Treasurer Current
CapitalSource, Inc. Board of Directors Current
Maryland.Com President Former
Clark Enterprises, Inc. President Former
Maryland.Com Chief Operating Officer Former
Clark Enterprises, Inc. COO Former
Potomac Electric Power Co Director Former
Wharton Graduate School of the University of Pennsylvania Bachelor's Degree In Economics Former
Rutgers School of Law Degree Former

As a Director in the Healthcare Credit Group within the Commercial Finance Business at CapitalSource, Mr. Coffey is responsible for underwriting and structuring complex debt financings for a diverse portfolio of healthcare companies including acute care hospitals, skilled nursing facilities, rehab hospitals, healthcare service providers, and healthcare real estate owners. Prior to joining CapitalSource, Mr. Coffey practiced corporate and securities law in Washington, D.C. for the international law firm of Brobeck, Phleger & Harrison LLP where he represented a variety of private equity firms and their portfolio companies engaged in debt and equity financings, mergers and acquisitions, and private securities offerings. Mr. Coffey also practiced corporate and securities law in Washington, D.C. for Shaw Pittman LLP and spent time as a senior accountant at Arthur Andersen.

Organization Position Status
CapitalSource, Inc. Director Current

Mr. Wood, 51, co-founded Madison Dearborn Partners, LLC and has been a Managing Director of the firm since its inception in 1993. Prior to founding Madison Dearborn Partners, LLC, Mr. Wood served as a vice president of First Chicago Venture Capital for nine years. Previously, he worked with the venture capital unit of Continental Illinois Bank from 1978 to 1983. Mr. Wood serves on the board of directors of Hines Horticulture, Inc., a producer and distributor of horticultural products. Mr. Wood has been a member of our Board since our inception in 2000.

Organization Position Status
Cig International, LLC Managing Director Current
Cig International, LLC Director Current
Outsourcing Solutions Inc. Board of Directors Current
CapitalSource, Inc. Board of Directors Current
Hines Horticulture, Inc. Director Current
Hines Horticulture, Inc. President Former
First Chicago Venture Capital Vice President Former
Madison Dearborn Partners LLC Managing Director Former
Madison Dearborn Partners LLC Co-Founder Former
Hines Horticulture, Inc. Producer Former
Hines Horticulture, Inc. Chairman of the Board Former
University of Illinois B.S Former

Mr. Golding is a Director in the Technology, Media & Telecommunications Group within the Commercial Finance Business at CapitalSource. He is responsible for leading all aspects of the transaction process which includes originating, evaluating, structuring, underwriting, negotiating, and closing cash-flow and/or asset-based senior, second lien, and mezzanine loans to companies in the media and communications industry. In addition to transaction management, Mr. Golding is focused on developing and maintaining client relationships, as well as managing internal credit including communications with senior credit authorities. Before joining CapitalSource in 2002, Mr. Golding worked in the Corporate Finance Group at Heller Financial where he honed his skills originating, underwriting, syndicating, and monitoring both media and generalist middle-market transactions. Mr. Golding began his career at PricewaterhouseCoopers where he spent over three years in the Transaction Services Group performing comprehensive due d

Organization Position Status
CapitalSource, Inc. Director Current
Heller Financial, Inc. Former

Ms. Sara L. Grootwassink, CPA, CFA, joined the Trust in December 2001 as Managing Director, Finance and Capital Markets. In 2002, Ms. Grootwassink was named Chief Financial Officer. From 1999 through 2001, Ms. Grootwassink served as Vice President, Finance and Investor Relations at Corporate Office Properties Trust and, from 1998 through 1999, as Equity Analyst at Johnston, Lemon & Co. Previously, Ms. Grootwassink served as Vice President Commercial Real Estate at Riggs Bank, N.A. Ms. Grootwassink is a Director of CapitalSource, Inc., a commercial finance firm and serves on the Strategic Planning Committee of Washington Hospital Center. Ms. Grootwassink serves on the editorial advisory board of Real Estate Portfolio magazine, is a member of the Economic Club of Washington, and formerly served on NAREIT s Investor Advisory Council.

Organization Position Status
Lawlor Chief Financial Officer Current
Cig International, LLC Managing Director Current
Lawlor Managing Director Current
Cig International, LLC Director Current
Madison Dearborn Partners LLC Director Current
The Economic Club of Washington Board of Directors Current
CapitalSource, Inc. Director Current
The Economic Club of Washington Member Current
Washington Real Estate Investment Trust Chief Financial Officer Former
Corporate Office Properties Trust Vice President, Finance and Investor Relations Former
Washington Real Estate Investment Trust Managing Director, Finance and Capital Markets Former
Capital Markets Managing Director Former
Johnston, Lemon & Co. Inc. Equity Analyst Former
Washington Real Estate Investment Trust Board of Directors Former
University of Illinois BS In Finance Former

Mr. Anderson is a Director of the Healthcare Credit Group within the Commercial Finance Business at CapitalSource. He is responsible for originating and structuring healthcare asset-based, real estate, and cash flow transactions. Mr. Anderson has 15 years of healthcare lending experience. Prior to joining CapitalSource in 2003, Mr. Anderson worked at Kugman Associates where he was focused on financial and operational restructurings of middle-market companies. Before joining Kugman Associates, Mr. Anderson was Vice President of Healthcare Finance Group responsible for originating and underwriting loan transactions to a variety of healthcare providers. Earlier in his career, Mr. Anderson also held several leadership positions within the healthcare finance division of FINOVA Capital Corporation and LINC Financial Services. Mr. Anderson held positions in operations management, portfolio administration, underwriting, and special assets.

Organization Position Status
CapitalSource, Inc. Director Current
Kugman Associates, Inc. Former
DePaul University M.B.A. degree Former

Organization Position Status
Friedman Fleischer & Lowe, LLC Chairman & CEO Current
TA Associates, Inc. Current
CapitalSource, Inc. Board of Directors Current
Mattel, Inc. Board of Directors Current
American Enterprise Institute for Public Policy Research Treasurer Current
The Clorox Company Board of Directors Current
Archimedes Technology Group Former
Hellman & Friedman LLC Former
Tempur-Pedic International Inc. Board of Directors Former
Harvard Law School J.D. degree Former
Stanford University B.A. degree Former
Tempur-Pedic International Inc. member Former

Mr. Claus is a Director in the Commercial Finance Business at CapitalSource. He is responsible for originating new loans in the Western United States across the entire CapitalSource platform including Commercial Finance, Structured Finance, and Healthcare Finance. New loans are originated directly from private equity investors, corporate finance intermediaries and bankers, as well as other lenders. Mr. Claus has been at CapitalSource since its inception in 2000 and has 24 years of commercial banking and corporate finance experience working with middle-market companies and private equity investors originating leveraged finance transactions, limited partnership investments in private equity funds, private debt placements, real estate loans, trade finance transactions, and cash management services. Prior to joining CapitalSource, Mr. Claus originated and underwrote leveraged finance transactions for private equity investors at Union Bank of California. He also held business development positions at Bank of America Business Credit and Bank of America Commercial Banking Division. Mr. Claus began his banking career with Wells Fargo Bank's Commercial Banking Division.

Organization Position Status
CapitalSource, Inc. Director Current
Union Bank of California Former
University of Toledo MBA Former
Miami University Bachelor of Arts degree Former

Organization Position Status
Rosewood Capital Managing Director Current
Rosewood, LLC Current
Rosewood Capital Board of Directors Current
Rubio's Restaurants, Inc. Director Current
CapitalSource, Inc. Investor Current
Fired Up, Inc. Investor Current
Rubio's Restaurants, Inc. Managing Member, Rosewood Venture Group (Investment Management) Current
The First Boston Corporation Vice President Former
The First Boston Corporation Management Position Former
Columbia University M.B.A. Former
Princeton University Bachelor of Arts Degree Former

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     CSE $3.78 -0.16 (-4.06% )
Average Volume 4,462,150
Shares Outstanding 323.08M
Market Cap 1.2B
Year High 5.5
Year Low 0.9
Earnings Per Share -3.25
P/E Ratio -1.16
Dividend 0.04
Yield 1.06
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