New York, NY (PRWEB) August 12, 2014
Hunt Mortgage Group, a provider of real estate mortgage services for affordable and conventional multifamily housing, announced today it has opened a commercial mortgage financing office in Miami, Florida. The office will be located at: 2990 Ponce de Leon Boulevard in Coral Gables. Marc Suarez has been hired as a Senior Vice President to lead this effort. Suarez will report to Steven Cox, Managing Director at Hunt based in New York.
Hunt Mortgage Group, formerly Centerline Capital Group, is a subsidiary of Hunt Companies. The Mortgage Banking Group at Hunt Mortgage Group provides mortgage financing for conventional multifamily properties throughout the United States. Hunt Mortgage Group is a Fannie Mae DUS lender, Freddie Mac seller-servicer, FHA-approved mortgage provider, bridge and CMBS lender, and source for other forms of alternative capital.
In addition to Suarez, Chad Musgrove a seasoned financial analyst at Hunt will relocate from the firm’s New York office to Florida to round out the team.
Also, Jeremy Glassman, the new Director of Construction Risk for Hunt’s Affordable Housing Credit Group was hired for the Florida office as a Senior Vice President. Glassman starts at the end of the month and brings to Hunt more than 20 years of commercial real estate experience. He will report to Greg Calvert, Managing Director and Head of Credit for Hunt’s affordable debt business. Glassman will support Hunt’s national lending efforts.
“Our decision to open and fully staff a local Miami office is in direct response to strong market dynamics,” commented Bill Hyman, Senior Managing Director and Head of the Mortgage Banking Group at Hunt. “A local physical presence will enable us to better serve the unique needs of Florida developers and owners. We believe that having people in the area who know the market, and the players, is invaluable. ”
Suarez comes to Hunt from SL Capital, LLC where he originated approximately $300 million in CMBS loans as Executive Managing Director. Earlier in his career he was a partner in a boutique real estate investment firm and had his own consulting business. Suarez earned a BA in Business Administration from Florida International University.
“Marc is a seasoned financial service executive with a solid background originating and closing deals in the local commercial real estate market,” said Cox. “We are excited he has joined our team and we are confident he will greatly extend the geographic reach of our mortgage banking capabilities in the region. His overwhelming knowledge of the Florida market, combined with his financing experience is impressive.”
About Hunt Mortgage Group
Hunt Mortgage Group, a wholly owned subsidiary of Hunt Companies, Inc., is a real estate finance company providing financing and investing for conventional and affordable multifamily housing throughout the United States. Hunt Mortgage Group is organized around two business units: Mortgage Banking and Affordable Housing Debt. Under the Mortgage Banking and Affordable Housing Debt businesses, Hunt Mortgage Group partners with developers, owners, and investors to provide them with capital to develop, acquire or redevelop their real estate assets. Hunt Mortgage Groupʼs core debt products consist of Fannie Mae, Freddie Mac, or HUD/FHA financing. In addition, through several strategic alliances, Hunt Mortgage Group offers various CMBS executions for multifamily and other commercial properties, proprietary bridge loans and select joint venture equity products. Today the firmʼs lending platform manages and services more than $10.4 billion in loans, of which affordable housing makes up $916 million. Headquartered in New York City, Hunt Mortgage Group has 145 employees in 14 locations throughout the United States. To learn more about Hunt Mortgage Group, visit http://www.huntmortgagegroup.com.