Archon Financial Renamed

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DALLAS-Goodbye Archon Financial LP, hello Goldman Sachs Commercial Mortgage Capital LP. The Goldman Sachs Group, Inc has renamed Archon Financial, its commercial lending subsidiary. The change is effective immediately.As Archon Financial, a loan and conduit commercial mortgage lender, it has closed more than 1,000 commercial loans totaling close to $1 billion since its creation in 1997.According to Goldman Sachs, the name change was made to better reflect their brand and represents a milestone in the evolution of the company.”This move represents the continued integration of our large loan and conduit platforms and will help contribute to our growing momentum,” says Dan Sparks, managing director of Goldman Sachs.Adds Roddy O’Neal, co-CEO of GSCMC, “By bringing all of our commercial mortgage lending business under the Goldman Sachs brand, we can take advantage of increased internal efficiencies.”Goldman Sachs created Dallas-based Archon Financial to originate commercial mortgage for securitization in the commercial mortgage-backed securities market. “GSCMC offers our clients a one-stop shop for all their commercial real estate financing needs,” says James F. Conway, GSCMC Co-CEO.GSCMC provides first mortgage financing on income producing office, industrial, retail, hotel and multifamily properties nationwide. Typically, the loan size has to be at least $5 million and a class A or class B property. The loan-to-value ratio is a maximum of 80% and the company offers non-recourse financing.