Commercial real estate lender Capmark Financial Group Inc. announced today it will buy Bluestem Brands Inc., No. 62 in the Internet Retailer Top 500 Guide. Bluestem operates retail sites Fingerhut.com and Gettington.com, which sell apparel, home furnishings, jewelry and electronics, as well as PayCheck direct. The sale is expected to close during the fourth quarter of 2014.

“The acquisition of Bluestem, with its well-known Fingerhut brand and its skilled management team, is an exciting opportunity for Capmark, and another step in the company’s continuing efforts to maximize value for its shareholders,” says Gene Davis, the executive chairman of Capmark’s board.

Capmark will pay $565 million in cash for Bluestem, though the final price is subject to pre- and post-closing adjustments. Bluestem reported web sales of $560 million in 2013, a 31.46% increase from 2012. The retailer sells online and through catalogs.

Bluestem’s CEO, Steve Nave, will become CEO of Capmark. Capmark’s CEO, Bill Gallagher, and chief operating office, Tom Fairfield, will remain with Capmark to manage the company’s assets.

“Joining with Capmark offers an excellent opportunity for Bluestem to enhance its ability to deliver industry-leading growth and drive future shareholder value,” says Nave.