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CapitalSource

Commercial lender

CapitalSource is a commercial lender in the United States. It is a division of Pacific Western Bank and provides senior debt loans of $5 million to $100 million to middle-market companies throughout the United States.2 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

2000Founded1

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CapitalSource is a commercial lender in the United States. It is a division of Pacific Western Bank and provides senior debt loans of $5 million to $100 million to middle-market companies throughout the United States. The company targets specific industries in its portfolio of holdings, particularly focusing on technology, real estate, healthcare, security, small business, golf finance, and equipment leasing companies. With $16 billion in assets and 80 full-service branches located throughout the state of California.2

How it started

History

CapitalSource was founded in 2000 by future Congressman John Delaney (D-MD) and Jason Fish with an initial capitalization of more than $500 million, which at the time was the largest private capitalization for a finance company.

In 2003, CapitalSource completed an IPO and began trading on the New York Stock Exchange (NYSE) under the symbol CSE. In 2006, CapitalSource completed its conversion to a Real Estate Investment Trust (REIT), which enabled the company to remain competitive in a highly liquid market due to the tax benefits of REIT status.

In 2009, CapitalSource completed its revocation of REIT status. Today the company operates as a C-Corp, as it did prior to 2006.

CapitalSource was briefly involved in a controversial hotel project which also involved rapper Jay-Z and developer Andre Balazs, but CapitalSource stepped out of the project when they sold the property note to another developer at a loss.

CapitalSource Bank was involved in another newsworthy property issue in 2010 when they foreclosed upon a high-end Manhattan project under development. The "Manhattan Blue" condominium building had initial interest from Leonardo DiCaprio, but the developers failed to sell enough units to make payments to CapitalSource.

From Wikipedia’s article on CapitalSource, shared under CC BY-SA 4.0.2

Timeline

  1. Jun 5, 2000Went public Listed on NASDAQ1
  2. 2000Founded Founded1

Sources

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