In its news release, Cornerstone said its entry into the commercial real estate market comes with no existing exposure to office, retail, or multifamily commercial real estate, but it has the necessary capital, liquidity, systems, and talent to capitalize on evolving market conditions.
While the bank continues its residential mortgage operations under the “Cornerstone Home Lending” brand, it uses the “Roscoe” name in Nolan County and Bastrop County, and “Cornerstone Capital Bank” in metropolitan Texas and digital markets.
Read more: Cornerstone Home Lending strikes bank merger deal
In a strategic move to strengthen its commercial real estate unit, Cornerstone has appointed Patrick Ramsier as president of capital markets commercial real estate.
Ramsier brings nearly 40 years of experience to the role and will lead the bank’s capital markets commercial real estate activities. Throughout his career, he has built multiple commercial real estate platforms, originated over $6 billion in loans, and managed multi-billion-dollar CRE portfolios.
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