From the ground up: How we built a $3.5 billion Investment CRE portfolio in four years
It takes decades of experience, a laser-like focus and an experienced team to create the kind of growth Cydney Gurgens has produced with UMB Bank’s commercial real estate group. She recently shared how her team accomplished this and what it took to get it done with the Kansas City Business Journal.
When I joined UMB in 2014‡, I was energized by the opportunity to build a commercial real estate (CRE) group from the ground up. We had a vision to grow our presence in the investment CRE industry through a strategic, intentional plan that would help our clients and expand our commercial portfolio. And we’ve done just that.
I am beyond pleased with what our group has accomplished during the past four years. We have expanded our CRE team from one associate to more than 30 and closed more than $3.5 billion in new investment CRE loan commitments..
The best part about this growth? We have held true to our lending standards, been disciplined in our lending approach and built this portfolio for the long term, which will allow us to be here for clients through all economic cycles.
When people ask me why I think we have done so well, I tell them it’s because UMB has the capacity to lend in CRE, the appetite to do it and the reputation to build trust among our clients. Pair all of that with a strong balance sheet and outstanding talent and you have a great recipe for success.
I hope you’ll take a few minutes to read this recent article in the Kansas City Business Journal to learn more about our incredible team and the services we are providing to clients.
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