Maryland-based commercial lender, CapitalSource, has put itself up for sale, The Wall Street Journal reports. The company, which lends to small and midsize businesses, has appointed JP Morgan Chase to find a potential buyer.
The company, which has a market value of $2.4 billion, provides asset-based loans to companies in the health-care, real-estate and finance sectors. CapitalSource offers loans of between $5 million to $100 million through its bank subsidiary.
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