The mortgage loans were primarily funded multifamily housing, seniors housing and targeted affordable housing
loans or the issuance of targeted affordable rental housing tax-exempt bonds guaranteed by Freddie Mac.
13 January 2014 -- New York-based financial holding company Pillar Financial LLC and Guggenheim Partners LLC affiliate Pillar Multifamily LLC said that it has been approved as both a Freddie Mac Multifamily Program Plus and Targeted Affordable Housing
A national, full-service real estate investment firm specializing in debt and equity finance for multifamily, commercial and healthcare properties, Arbor underwrites a broad range of products including Fannie Mae's Delegated Underwriting and Servicing (DUS) line for individual multifamily loans; fixed rate, forward commitments for qualified Targeted Affordable Housing
properties; FHA loans and structured solutions including bridge loans, note purchases and mezzanine financing.
ARCS is the #1 Fannie Mae DUS targeted affordable housing
lender in America.
The Riverside project is the first targeted affordable housing
in Torrington and represents the first time the city worked so closely with a community-based nonprofit.
This report, and innovative offerings like our Targeted Affordable Housing
and Small Balance Loan programs, are part of that effort.
We brought together various resources to close the complex deal, including one of the nation's largest non-profit senior housing owner operators, Retirement Housing Foundation, along with Fannie Mae, which funded the loan and enhanced the security under its Targeted Affordable Housing
program," says Santer.