Bellwether has consistently grown its affordable business in recent years and its establishment of the dedicated affordable housing group, paired with the group’s quick expansion, demonstrates the firm’s strong commitment to affordable housing
Cleveland (PRWEB) May 12, 2015
Bellwether Enterprise Real Estate Capital LLC (Bellwether Enterprise), the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. (Enterprise), today announced that it has expanded its affordable housing group to include four new team members. The group leverages Bellwether Enterprise’s national lending platform to provide flexible financing resources to affordable, multifamily clients across the United States.
The newly expanded affordable housing group includes the addition of four senior vice presidents to Bellwether Enterprise: Suzie Cope, Jim Gillespie, Cindy Hannon and Jon Killough, veterans in the affordable, multifamily industry that bring over 100 years of combined experience to the firm. The new members join Bellwether Enterprise’s existing affordable housing production team, which includes Victor Agusta, Jesse Alfriend, Ross Halloran, Jeff Mion, Bob Morton and Kevin Bowen. As a subsidiary of Enterprise, a national organization that creates, preserves and advocates for affordable homes, Bellwether Enterprise is the country’s only mission-driven mortgage banking company and strives to create opportunity for low-and moderate income people by increasing access to affordable housing.
“We are thrilled to welcome Suzie, Jim, Cindy and Jon to the team and look forward to drawing on their deep expertise in the affordable housing space,” said Phil Melton, executive vice president of Bellwether Enterprise and head of the affordable housing group. “Bellwether has consistently grown its affordable business in recent years and its establishment of the dedicated affordable housing group, paired with the group’s quick expansion, demonstrates the firm’s strong commitment to affordable housing and making a positive impact in the communities in which it works.”
The U.S. is in the midst of a broad housing insecurity crisis that is affecting nearly 19 million low-income families who are homeless or paying more than half of their monthly income on housing. Enterprise’s generational goal is to end housing insecurity, which means no more homelessness and no more families paying more than half of their income on housing. As part of the Enterprise family of companies, Bellwether Enterprise is committed to tapping its experience and nationwide network to help achieve this goal. For more information on Bellwether Enterprise’s services, visit us at: http://www.BellwetherEnterprise.com.
Bellwether Enterprise is a national, full-service commercial and multifamily mortgage banking company. As a subsidiary of Enterprise Community Investment, Bellwether Enterprise has production offices across the country and an integrated servicing platform based in Cleveland. With local market expertise, national lending relationships and financing structure experience, we provide clients with competitive, creative solutions for their financing needs. Bellwether Enterprise provides loans for a range of institutional investors including life insurance companies, pension funds, commercial banks and CMBS lenders and is a direct Special Fannie Mae Delegated Underwriting and Servicing (DUS®) lender, Freddie Mac Targeted Affordable Housing lender and Program Plus®Seller Servicer, Federal Housing Administration (FHA) approved Multifamily Accelerated Processing (MAP) lender and U.S. Department of Agriculture (USDA) Section 538 Rural Development lender.