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Bellwether closes $10.8 million acquisition loan for 144-unit apartment property in Minnesota

Bellwether closes $10.8 million acquisition loan for 144-unit apartment property in Minnesota
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Affordable housing development for San Antonio lands financing

Affordable housing development for San Antonio lands financing
May 7, 2021
Bellwether Enterprise Real Estate Capital LLC, the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment, Inc., announced today the closing of a $31,800,000 loan deal for the construction of Applewood Ranch Apartments, a new affordable multifamily property located at 6175 W Loop 1604 S, San Antonio, TX.
Phil Melton, National Director of Affordable/FHA Production, in Bellwether Enterprise’s Dallas, TX office, and Cindy Hannon, Senior Vice President in the Duluth, GA office, originated the loan on behalf of Mike Hogan, President and CEO of HomeSpring Realty Partners, and Bexar County Housing. ....

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Former HUD Deputy Assistant Secretary C. Lamar Seats Joins Greystone as Senior Vice President of FHA Production

NEW YORK, NY - Greystone, a leading national commercial real estate finance company, announced that C. Lamar Seats has joined as Senior Vice President, FHA Production, effective immediately. In this role, Seats will oversee origination teams at Greystone handling multifamily, affordable housing and construction finance via HUD-insured programs.
Mr. Seats joins Greystone from the U.S. Department of Housing and Urban Development, where he served as Deputy Assistant Secretary of Multifamily Housing Programs for three years, overseeing $21 billion in production in FY2020. He was previously a Managing Director at M&T Realty Capital Corporation and served as Chief Executive officer of Bellwether Enterprise Real Estate Capital LLC upon acquisition by Enterprise Community Investment Inc, where he was Senior Vice President and head of the mortgage banking group. Earlier in his career, Mr. Seats worked in commercial loan roles at Reilly Mortgage Group, Wells Fargo Bank, Bankers Trust Co ....

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WHO'S NEWS: Latest appointments, promotions | Real Estate Weekly

WHO'S NEWS: Latest appointments, promotions | Real Estate Weekly
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VEREIT, Inc. Announces Appointment of Priscilla Almodovar and Susan Skerritt to its Board of Directors

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PHOENIX, Feb. 23, 2021 /PRNewswire/ VEREIT, Inc. ( VEREIT or the Company ), a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S., announced the appointment of Priscilla Almodovar and Susan Skerritt to the
Company s Board of Directors ( Board ). The appointments of the two new Independent Directors are effective immediately following the expected filing of VEREIT s 2020 Annual Report on Form 10-K ( Annual Report ) on Wednesday, February 24, 2021, and expands the Board to include nine members.
We are pleased to have Priscilla and Susan join VEREIT s well-qualified Board of Directors. They bring real estate industry tenure, financial expertise and collaborative leadership qualities to VEREIT s Board. The diverse and knowledgeable perspectives brought by these additions will help us, and certainly me, in making the appropriate de ....

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