jjrg

Capital Source: Analysis and Valuation

I beleive there is more to CapitalSource than meets the eye. We recently refinanced a $34m credit facility we had in place with CSE. Though the loan was performing, CSE has been impossible to deal with since the credit markets tightened. Not only were they slow to make decisions but management displayed a complete lack of integrity and reason in their dealings with us. Things did work out as our new facility is considerably less expensive. However, I question wether this is an institution in which one would want to invest.