Freddie Mac Approves Bellwether Real Estate Capital, LLC As Multifamily Program Plus Seller/Servicer

Bellwether Real Estate Capital, LLC announced it has been approved as a Freddie Mac Multifamily Program Plus Seller/Servicer. This designation, shared by only 26 other firms in the country, authorizes Bellwether to sell and service loans secured by multifamily properties in Ohio, Kentucky and Western Pennsylvania.

Freddie Mac introduced its Program Plus network of multifamily mortgage lenders in 1993. Only a small number of experienced multifamily lenders are selected nationwide to participate in the program. Program Plus lenders must meet Freddie Mac's stringent requirements for both origination and servicing of multifamily loans.

"Our Program Plus status with Freddie Mac not only enables us to provide the most efficient delivery of capital to our customers, but offers unparalleled access to a wide variety of superior multifamily loan products," said Bellwether Director Sara Behrman.

BRG Apartments, operator of more than 6,000 apartment homes in 30 locations throughout Greater Cincinnati, is among the customers benefiting from the partnership. "We recently closed a $16.5 million loan with the Bellwether/Freddie Mac team. We have worked with the principals for many years and they consistently provide reliable, timely loan executions," said Jeffrey P. March, chief executive officer.

"We're excited to have Bellwether join our network of experienced multifamily lenders. We look forward to working with them to purchase mortgages that finance multifamily housing," said Mitchell Kiffe, vice president of Production and Sales for Freddie Mac.

About Bellwether Real Estate Capital, LLC

Headquartered in Cleveland, Ohio, Bellwether Real Estate Capital, LLC is a full-service commercial mortgage banking operation formed in 2008 by a core group of production and servicing personnel from Capstone Realty Advisors. In 1998, this same team formed Capstone Realty Advisors and grew the business into a leading national mortgage banking operation. Today, Bellwether has 45 employees, and manages mortgage assets of over $3.5 billion. Bellwether has five (5) production offices located in Cleveland, Columbus, Cincinnati, Pittsburgh and Kentucky. Bellwether Real Estate Capital, LLC is a correspondent for over 20 leading lending institutions, including insurance companies, pension funds, CMBS, FHA/GNMA, RHS and Freddie Mac.

About Freddie Mac

Since the launch of Freddie Mac's multifamily business in 1993, it has provided more than $214 billion in financing for approximately 56,000 multifamily properties.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Over the years, Freddie Mac has made home possible for one in six homebuyers and more than five million renters.

SOURCE: Bellwether Real Estate Capital, LLC

For Bellwether Real Estate Capital, LLC 

Laurie Henrichsen, 440-258-3822 

laurie188@gmail.com

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