News Coverage
Investor interest in the Seattle apartment market continues to grow and MG Properties Group is among the latest to snap up a property. The company purchased the 146-unit Park at Northgate from Triad Villa Roma L.L.C. for $22.3 million.
Guggenheim Partners recruited seven mortgage pros in recent weeks. The hiring spree is part of a move into commercial MBS lending and an expansion of the Chicago firm’s balance-sheet lending.
Guggenheim Partners has hired veteran lender Kieran Quinn as it prepares to expand its fledgling loan platform beyond agency product to securitized mortgages.
Guggenheim Partners announced that it has formed a new commercial real estate entity called Pillar Multifamily and has acquired certain assets and assumed certain liabilities of Bulls Capital Partners, a Fannie Mae Delegated Underwriting and Servicing multifamily lender.
Moving into the agency-lending business, Guggenheim Capital has struck a deal to buy Bulls Capital Partners, one of the select lenders pre-approved to originate loans for sale to Fannie Mae.
Press Releases
Pillar Multifamily, LLC, an affiliate of Guggenheim Partners (Pillar), and 801 Capital Finance Company, LLC, an affiliate of Flat 801 Management Company (801 Capital) today announced their entry into a Correspondent Agreement, effective immediately.
Pillar Multifamily, LLC (“Pillar”) today announced that it has provided first mortgage financing in the amount of $174,716,000 on six mobile home communities in Florida. Pillar provided a 10-year loan and executed the transaction through the Fannie Mae DUS® program. Pillar also structured a preferred equity investment of $23 million, which was provided by a third party. The loan was originated by Robert Russell, the Chief Production Officer of Pillar. Flat 801 Management Company sourced the transaction and acted as advisor on the senior loan and preferred equity provided.
Pillar Multifamily, LLC, an affiliate of Guggenheim Partners, and First California Mortgage Company (First Cal) today announced their Correspondent Agreement effective immediately.
First Cal will source Fannie Mae-eligible mortgage loans for Pillar throughout its network, outside of southern California.
Pillar Multifamily, LLC, an affiliate of Guggenheim Partners, and George Elkins Mortgage Banking (GEMB) today announced that their correspondent lending agreement has been approved by Fannie Mae and is effective immediately.