Wescom Credit Union, Pasadena, Calif., is entering the commercial real estate lending market and has hired Dean Lambertson as vice president for its new commercial real estate division.The division will provide the CU's 215,000 members with financing of up to $5 million for the purchase of multifamily properties of five or more units, as well as industrial, retail, and office properties, the company said. Darren Williams, Wescom's president and chief executive officer, said the addition of commercial real estate financing to the CU's offerings "significantly increases our presence as a major lender in the Southern California market." Mr. Lambertson was previously a vice president at First Regional Bank, Glendale, Calif.
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