Press release from PR Newswire
Archetype Mortgage Capital Changes Corporate Name To Starwood Mortgage Capital
Wednesday, June 19, 2013
Archetype Mortgage Capital Changes Corporate Name To Starwood Mortgage Capital07:00 EDT Wednesday, June 19, 2013
Reflects the Integration of Archetype Mortgage Capital into the Starwood Brand
GREENWICH, Conn., June 19, 2013 /PRNewswire/ -- Starwood Property Trust (NYSE: STWD) today announced that, effective immediately, Archetype Mortgage Capital has changed its corporate name to Starwood Mortgage Capital. Archeteype Mortage Capital is a commercial real estate conduit loan origination platform designed to provide unique financing solutions throughout the US. The name change reflects Starwood Property Trust's ownership of the company as a result of the acquisition of LNR the parent company of Archetype Mortgage Capital.
"We are pleased to bring Archetype Mortgage Capital under the Starwood brand, and this name change is a signal to all customers, partners and employees that Starwood Mortgage Capital has the backing of a premier real estate finance company with a global reach and strong access to capital," said Barry Sternlicht, Starwood Property Trust's Chairman and Chief Executive Officer.
Larry Brown, president of Starwood Mortgage Capital, commented, "We are proud to continue to provide our customers with the highest level of service, but are now backed by Starwood's strong balance sheet, have access to Starwood's global network and benefit from Starwood Property Trust's sterling reputation."
About Starwood Property Trust, Inc.
Starwood Property Trust, Inc. focuses primarily on originating, investing in, financing and managing commercial mortgage loans and other commercial and residential real estate-related debt investments. Starwood Property Trust, Inc. is externally managed and advised by SPT Management, LLC, an affiliate of Starwood Capital Group, and has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.
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SOURCE Starwood Property Trust