US based Umpqua Bank has launched a new homebuilder finance division to help expand its commercial real estate businesses in the Pacific Northwest.
The new group will offer construction and development loans to Oregon- and Washington-based residential regional homebuilders and developers.
The lender has also appointed Kelly Warter to serve as senior vice president and homebuilder finance manager of the new venture.
Based in Seattle and reporting to John Swanson, senior vice president and head of Umpqua Bank’s commercial real estate division, Warter will manage operations, such as expansion of products and portfolios.
The bank has also selected Lisa Woodruff, as the firms’ senior assistant relationship manager, and Sheneil Kliewer as senior loan administrator.
Umpqua Bank is located between San Francisco and Seattle, along the Oregon and Northern California Coast, and in Central Oregon and Northern Nevada.