Charlotte, NC (PRWEB) December 01, 2016
Bellwether Enterprise Real Estate Capital LLC (Bellwether Enterprise), the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. (Enterprise), announced today that its Charlotte, North Carolina office is now an official Freddie Mac Multifamily Licensed Seller/ Servicer for conventional and targeted affordable housing loans.
The licensing will help to advance multifamily development in the region by allowing Bellwether Enterprise’s Charlotte office to offer Freddie Mac loans for market-rate and affordable multifamily properties in North and South Carolina.
“We’re thrilled that our Charlotte office is now a licensed servicer and seller of Freddie Mac multifamily products, which is renowned for maintaining the high standards that our company upholds,” said Ned Huffman, president of Bellwether Enterprise. “This furthers Bellwether Enterprise’s position as being uniquely equipped to meet the financing needs of multifamily developers in the southeast and will help to support our ongoing expansion across the nation.”
Freddie Mac’s multifamily servicers provide borrowers with access to competitive, risk-based priced loans, guidance from knowledgeable lenders, and a wide variety of financing options. Bellwether Enterprise’s Charlotte office is now one of five company branch offices licensed by Freddie Mac, which includes highly experienced multifamily lenders servicing specific regions throughout the country.
“We’re seeing tremendous opportunity in Charlotte, which attracted more than two thirds of the state’s population growth last year combined with Triangle,” said Shippen Browne, executive vice president and co-director of the southeastern region of Bellwether Enterprise. “With Bellwether Enterprise’s Freddie Mac license in Charlotte, we can build on our extensive financing expertise while meeting the demand for housing in this burgeoning 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.
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 Fannie Mae Delegated Underwriting and Servicing (DUS®) lender, Freddie Mac Multifamily Licensed Seller/ Servicer for Conventional and Targeted Affordable Housing Loans, Federal Housing Administration (FHA) approved Multifamily Accelerated Processing (MAP) lender and U.S. Department of Agriculture (USDA) Section 538 Rural Development lender.