Bellwether Enterprise Announces More Than $1.5 Billion in 2012 Production

Bellwether Enterprise Announces More Than $1.5 Billion in 2012 Production

SAN DIEGO – February 7, 2013 – (RealEstateRama) — 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:
  • Retail:
  • Healthcare
  • Office
  • Industrial
  • Other
$788.2 million
$338.8 million
$38.5 million
$101.6 million
$60.2 million
$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.

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Enterprise

Enterprise Community Investment, Inc. is a leading provider of the development capital and expertise it takes to create decent, affordable homes and rebuild communities. For over 25 years, Enterprise has pioneered neighborhood solutions through public-private partnerships with financial institutions, governments, community organizations and others that share our vision. Enterprise has raised and invested over $9 billion in equity, grants and loans to help build or preserve more than 240,000 affordable rental and for-sale homes to create vital communities. Enterprise is currently investing in communities at a rate of $1 billion a year. Visit www.enterprisecommunity.org and www.enterprisecommunity.com to learn more about Enterprise's efforts to build communities and opportunity.

Contact:

Terri Bolling

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