MuniMae Structures $242M for Multifamily Housing

BALTIMORE-MuniMae structures nearly $214 million in multifamily housing financing for the first quarter of 2002.

By Barbra Murray | April 26, 2002 at 01:01 AM

"Our first quarter production activities indicate healthy demand for construction and permanent loans as well as equity investments, " MuniMae chairman and CEO Mark K. Joseph says of the accomplishment. "MuniMae intends to respond to this demand prudently. The challenge for us is constantly screening out ['dumb deals']. So far, we've been good at doing this and believe we will be able to reach our 2002 production goals." MuniMae also announce it has raised $32 million in tax credit equity and $82 million common equity.

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