New York, NY – February 02, 2015 – (RealEstateRama) — Common Ground, New York City’s largest supportive housing developer and manager, today announced that Benjamin Stacks has joined its Board of Directors. Mr. Stacks is Senior Vice President at Capital One Bank and the Greater New York Market Manager for Commercial Real Estate.
“Capital One is among the leading U.S. banks focused on strengthening communities through affordable housing, both by their business and philanthropic activities. Ben has likewise been an outstanding champion of Common Ground’s focus on expanding supportive housing resources for homeless and low-income New Yorkers. I am excited about this opportunity to strengthen our personal and professional relationships with such an important advocate for Common Ground’s cause through Ben’s new role on our Board,” said Brenda Rosen, President and CEO of Common Ground.
“Capital One has a proven record of lifting communities through responsible corporate citizenship. Ben shares our commitment to addressing homelessness for those who suffer from this terrible predicament and for those who are at greatest risk of housing instability. I am very pleased that Ben has agreed to take on this leadership role at Common Ground,” said Jamie Rubin, Chair of Common Ground’s Board of Directors.
“I am delighted to join the Common Ground Board and support their mission,” Stacks said. “Affordable housing is critically important to the people of New York, and Capital One supports the efforts of Common Ground to create safe and secure housing that promotes independent living and strengthens neighborhoods.”
Benjamin Stacks is a seasoned real estate banking executive with nearly 20 years of experience building profitable real estate banking relationships nationally and in New York City. He is responsible for managing a team of relationship managers charged with all aspects of client management including lending on real estate and cross selling a variety of banking services. Ben oversees a portfolio of loans of approximately $3.7 billion across diverse asset classes including office, retail and residential properties as well as across a variety of loan types including permanent, construction, reposition/renovation and mini-permanent.
Prior to joining Capital One Bank, he was an Executive Director and Team Leader in the New York City office of Eurohypo, a German-based global estate investment bank. Before that, he served as a relationship manager at HSBC Bank, USA, and M&T Bank. Mr. Stacks holds Bachelor of Arts in International Relations from Syracuse University and a Masters of Business Administration with a concentration in Finance and Real Estate from the Kogod School of Business at American University. He is currently an officer of the Real Estate Lenders Association and was previously Chairman of the Young Mortgage Bankers Association.
