HAMP modifications and foreclosures aside, HSBC is making a move in Washington DC. Forget missing lien release and predatory lending. People effected by that side of HSBC Finance are on a different planet according to some.
HSBC Alternative Investments, a division of the private bank has splashed out on a $209m Washington property on behalf of a club of its rich clients.
Chris Allen, CEO of HSBC Private BankÂs Alternative Investment division, said: “This transaction perfectly demonstrates HSBC Private BankÂs ability to ‘open doors’ for its clients. This club purchase would have been an impossibility for our clients acting individually.”
1350 Eye Street, Washington DC, is a landmark 381,074 square foot trophy office building located on a corner site overlooking Franklin Square Park in the center of Washington, D.C., three blocks from the White House.