May 24, 2019 – Extensia Financial, one of the nation’s premier credit union service organizations (CUSO) specializing in commercial and multifamily real estate lending nationwide, announces the addition of real estate finance veteran Richard Caldwell as its new chief lending officer. Bringing over 25 years of experience in commercial real estate lending and corporate finance, Caldwell comes to Extensia with a mandate to grow the firm’s loan originations team and lending activity nationwide. This most recent addition to their team continues Extensia’s strategic execution of a plan to leverage one of the most established credit union lending and loan participation platforms nationwide.
A seasoned real estate professional, Caldwell has an extensive track record of lending and advising on billions of dollars of debt and equity in commercial real estate. As chief lending officer, he will utilize his experience to enhance the firm’s industry knowledge and expertise in identifying lending opportunities for credit unions seeking to expand their commercial real estate portfolios.
“Richard’s background and strength in commercial real estate debt and equity aligns with our goals and mission at Extensia,” said Craig Page, Extensia’s president and CEO. “Our team is focused on providing credit unions not only with lending opportunities that are tailored to match their specific needs and risk preferences, but also the assistance that our credit union customers need to grow their real estate lending portfolios and generate profitable returns for their members. Richard possesses exceptional insight and market knowledge, and we are pleased to welcome him into the Extensia family.”
Caldwell is a former senior vice president at Revere Capital, where he led commercial real estate lending in the Western U.S. Prior to Revere, he served as chief lending officer at Pacific National Bank, part of the $19 billion FBOP Corporation, where he established a team and lending platform to successfully fund over $2 billion in real estate loans. In this capacity, he grew the bank’s assets by 800%. Richard was also a founding partner, senior vice president and regional manager at Buchanan Street Partners, a California-based real estate equity fund management firm. Caldwell launched his career at Bank of America, where he served as a corporate account officer in San Francisco and Munich, Germany. He completed his master’s degree in International Business at Thunderbird School of Global Management and earned a Bachelor of Arts at the University of Oregon.
“Extensia operates within a unique segment of the real estate industry, providing commercial real estate loans and risk advisory services to its credit union partners. Extensia also frequently serves as the credit unions’ back office for commercial real estate lending and servicing. The firm’s strategic approach, team environment and commitment to best-in-class service is what drew me to Extensia,” said Caldwell. “I’m excited to join this high-quality team of professionals with impressive backgrounds in lending and advising in commercial real estate. We’re going to leverage Extensia’s deep operations history and platform to become the preeminent small balance CRE lending platform nationwide.”