CapitalSource Launches Professional Practice Lending Team

CHEVY CHASE, Md., Sept. 8 /PRNewswire-FirstCall/ -- CapitalSource Inc. (NYSE: CSE) today announced that it has hired a highly accomplished team of professionals to form a lending group specializing in financing dental, optometric, ophthalmic and veterinary practices nationwide. The ten-person team includes regional managers with an average of 15 years of experience in the professional practice finance industry and will focus on conventional practice acquisition financing, partnership buy-ins, and refinance programs.  

CapitalSource's historic strength in a broad range of specialty lending businesses such as healthcare, security, technology, and lender finance has been meaningfully bolstered in the past year with the addition of several new lending platforms, including equipment finance, SBA lending and multi-family. The addition of a professional lending practice further positions the Company for continued loan growth momentum. CapitalSource closed $441 million in new funded loans during the second quarter and boosted its projected range for quarterly loan originations to $300 million-$400 million for the balance of 2010.

"We are extremely pleased to add this group of highly skilled and experienced professionals to our well-established and credit-minded national franchise at CapitalSource," said CapitalSource Co-CEO James J. Pieczynski. "The formation of a professional practice lending team complements our focus on specialized niche areas of lending with teams that know their industries well and have deep contacts, which are critical to their sustained success."

Daniel Croft, who will lead the Professional Practice Lending team, was formerly at GE Capital Healthcare Financial Services where he was responsible for originating practice finance transactions for healthcare related businesses throughout the U.S. "My colleagues and I are excited about the opportunity to join the CapitalSource national lending franchise," said Croft. "We are a national sales and credit team with deep expertise and we look forward to contributing to the diversification and growth of the Company."

For more information about CapitalSource's Professional Practice Lending group, visit www.capitalsource.com/ppl.

About CapitalSource

CapitalSource Inc. (NYSE: CSE) is a commercial lender that provides financial products to middle market businesses and offers depository products and services in southern and central California through its wholly owned subsidiary CapitalSource Bank. As of June 30, 2010, CapitalSource had total assets of $10.7 billion and $4.6 billion in deposits. The Company is headquartered in Chevy Chase, MD. Visit www.capitalsource.com for more information.

SOURCE CapitalSource Inc.

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