Merchants Capital New York has arranged $1.15 billion in financing for the development and preservation of affordable, multi-family and senior housing in 2021
The New York office of leading financial services provider Merchants Capital today announced that the company has provided approximately $1.15 billion in debt financing in 2021 for the preservation and development of affordable, multi-family and senior housing in the area, earning it recognition as one of the premier housing funders in the New York area. .
This milestone reflects Merchants Capital New York’s continued success and expansion into a diverse base of customer offerings, including on-book, Freddie Mac, Fannie Mae and Federal Housing Administration (FHA) loan products.
“Merchants Capital New York began with one primary goal in mind: to secure the capital and financing needed to support critical public benefit projects,” said Mathew Wambua, Merchants Capital vice president and head of agency lending. “Together with our clients, public and government counterparts and the dedication of our entire team of Merchants Capital professionals, we aim to end the housing crisis by providing high quality housing for all. Thank you to our community for welcoming us and helping us serve you, as we welcome a year 2022 to accomplish our mission.
Merchant lending volume spans a wide range of affordable projects, including acquisition, preservation and new construction loans for 4%, 9%, section 8, public housing projects, serviced support and mixed income.
Merchants Capital New York is one of six Merchants production centers nationwide, in addition to Indianapolis, Chicago, Saint Paul, Boston and Washington, DC, which opened in 2021.
To learn more about Merchants Capital and its services, visit www.merchantscapital.com or find Merchants Capital on Facebook, TwitterLinkedIn and Instagram
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