Guggenheim Partners, an affiliate of Pillar Multifamily LLC, forged a deal with Tremont Realty Capital, this week to create a correspondent lending channel in which Tremont will source Fannie Mae-eligible multifamily loans for Pillar through its network. “We look forward to expanding our relationship with Tremont and are pleased to have such a high quality company sourcing business for our platform,” said Robert Brennan, senior managing director and head of Guggenheim Commercial Real Estate Finance. Tremont Realty Capital is a real estate investment and advisory company based in Boston. Guggenheim Commercial Real Estate is a lender that sources, underwrites, funds and services commercial mortgages in the U.S. It’s the second time recently in which Pillar Multifamily joined forces with a company to set up a correspondent lending channel. First California Mortgage announced in October that it’s partnering with Pillar Multifamily in order to penetrate the commercial mortgage-backed securities market. First Cal will source Fannie Mae-eligible mortgage loans for Pillar throughout the new correspondent lending platform, in markets outside of southern California. The construction of the deal lets First Cal fund Fannie Mae-eligible mortgages for Pillar. Pillar is a lender, providing loans for owners of multifamily properties, which are commercial real estates assets. Write to Kerri Panchuk.
Guggenheim, Tremont Realty Capital create correspondent lending channel
Most Popular Articles
Latest Articles
Kristen Sieffert leads the reverse mortgage presence at The Gathering
FOA’s president spoke about bringing reverse mortgages into the mainstream at the event in Scottsdale, Arizona.