MIAMI—There is yet another real estate mortgage services provider competing for business in Miami. Hunt Mortgage Group, formerly Centerline Capital Group, has thrown its affordable and conventional multifamily housing mortgage services hat into the ring.
The subsidiary of Hunt Companies, the firm’s Miami office will set up shop at 2990 Ponce de Leon Boulevard in Coral Gables, FL. Hunt has hired Marc Suarez as senior vice president to lead the charge in Miami. He will report to Steven Cox, managing director at Hunt in New York.
“Our decision to open and fully staff a local Miami office is in direct response to strong market dynamics,” Bill Hyman, senior managing director and head of the Mortgage Banking Group at Hunt, tells GlobeSt.com. “A local physical presence will enable us to better serve the unique needs of Florida developers and owners. We believe that having people in the area who know the market, and the players, is invaluable. ”
The Mortgage Banking Group at Hunt provides mortgage financing for conventional multifamily properties throughout the US. Hunt is a Fannie Mae DUS lender, Freddie Mac seller-servicer, FHA-approved mortgage provider, bridge and CMBS lender, and source for other forms of alternative capital.
Jeremy Glassman, the new director of construction risk for Hunt’s Affordable Housing Credit Group, is joining the Florida office as senior vice president. Chad Musgrove, a veteran financial analyst at Hunt, is relocating from the firm’s New York office to Florida to round out the team.