Bellwether Enterprise Announces More Than $1.5 Billion in 2012 Production
SAN DIEGO, Feb. 4, 2013 /PRNewswire/ -- Bellwether Enterprise Real Estate Capital, LLC (Bellwether Enterprise), the multifamily and commercial banking subsidiary of Enterprise Community Investment, Inc. (Enterprise), today announced it provided more than $1.5 billion in financing in 2012, including $1.2 billion since Bellwether Real Estate Capital merged with Enterprise's Multifamily Mortgage Finance business in May of 2012. The breakdown by property type for all of 2012 is as follows:
- Multifamily rental housing: $788.2 million
- Retail: $338.8 million
- Healthcare: $38.5 million
- Office: $101.6 million
- Industrial: $60.2 million
- Other: $187.2 million
"Bellwether Enterprise is pleased to announce strong results since our merger, which allows us to provide clients with the most comprehensive lending solutions available through our expanded product offerings," said Lamar Seats, CEO of Bellwether Enterprise.
Bellwether Enterprise offers a comprehensive set of debt products, including:
- FHA's Multifamily Accelerated Processing
- Freddie Mac
- Fannie Mae
- Rural Housing Services
- Life Insurance Companies and Pension Funds
- CMBS Lenders
"With 13 offices across the country, we integrate our local market expertise, national lending relationships and financing structure experience to provide our clients with competitive, creative solutions," said Ned Huffman, president of Bellwether Enterprise. "In 2013, we expect our origination volume to exceed $2 billion."
The company's combined servicing portfolio now totals $5.5 billion, up from $4 billion one year ago. For a full list of Bellwether Enterprise services, go to www.BellwetherEnterprise.com/products.
SOURCE Bellwether Enterprise Real Estate Capital, LLC