Bellwether Enterprise Grows NYC FHA-Lending Team

Melton: “We must ensure that investment in all types of multifamily projects expand, not just the luxury market.”

NEW YORK CITY—Bellwether Enterprise Real Estate Capital—the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment—has expanded its affordable housing lending practice here by adding three team members. The group focuses exclusively on Federal Housing Administration lending in the New York region.

“This expansion helps us plant a flag in New York City and solidifies our commitment to supporting affordable housing in the region,” says Phil Melton, EVP and national director of affordable housing and FHA lending. “Enterprise’s long history in New York City, combined with the depth and breadth of our expertise, allows us to provide the most competitive financing solutions for affordable and workforce properties. Our stronger New York City presence will be influential in supporting Bellwether Enterprise’s continued growth across the nation.”