PASADENA, Calif. – Wescom Credit Union has expanded its lending program to include commercial real estate loans. Wescom’s new commercial real estate division allows members to finance multi-residential properties of five or more units, plus industrial, retail and office properties, for loan amounts up to $5 million, said Darren Williams, Wescom CU president/CEO. The $2.5 billion credit union had previously offered loans for residential properties consisting of one to four units. To head the new division, Wescom hired Dean Lambertson, a 20-year veteran in the lending industry, to serve as vice president. Williams said the new commercial lending division will increase Wescom’s presence as a major lender in the Southern California market. Wescom serves more than 215,000 members.

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