“This partnership benefits borrowers in California and the Western United States by enabling us to provide attractive financing solutions with Freddie Mac," said Ned Huffman, president of Bellwether Enterprise.
Irvine, CA (PRWEB) February 12, 2016
Bellwether Enterprise Real Estate Capital LLC (Bellwether Enterprise), the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. (Enterprise), announced today the approval of its Irvine, California office under the Freddie Mac Multifamily Program Plus® network.
The Irvine office opened in October 2014 and is now one of four Bellwether Enterprise branch offices approved as a lender under Freddie Mac’s Multifamily Program Plus® network. The network is a highly selective group of experienced multifamily lenders with branches across the country for specific geographic regions.
As an approved office in the Program Plus network, Bellwether Enterprise’s Irvine office will be able to provide Freddie Mac mortgage financing secured by multifamily properties located in California. Freddie Mac’s multifamily programs provide borrowers access to a wide variety of innovative mortgage products with very competitive pricing.
“I am thrilled that Bellwether Enterprise’s Irvine, California office is now an approved branch in the Freddie Mac Multifamily Program Plus network,” said Ned Huffman, president of Bellwether Enterprise. “This partnership benefits borrowers in California and the Western United States by enabling us to provide attractive financing solutions with Freddie Mac. This is also another important step toward further expanding our footprint and market share in the region and across the country.”
“I am very excited about the approval of our Irvine office under the Freddie Mac Program Plus network and the many ways this will benefit multifamily investors in our market area,” said Trent Brooks, EVP and Director of the Western Region for Bellwether Enterprise. “The Freddie Mac staff is great to work with and this approval is another enhancement of our ongoing commitment to California and the Western region.”
Bellwether Enterprise provides flexible financing solutions for clients covering the entire spectrum of commercial and multifamily real estate. For more information on Bellwether Enterprise’s services, visit us at: http://www.BellwetherEnterprise.com.
About Bellwether Enterprise:
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.