MIAMI—There is yet another real estate mortgageservices provider competing for business in Miami. HuntMortgage Group, formerly Centerline CapitalGroup, has thrown its affordable and conventionalmultifamily housing mortgage services hat into the ring.

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The subsidiary of Hunt Companies, the firm'sMiami office will set up shop at 2990 Ponce de Leon Boulevard inCoral Gables, FL. Hunt has hired Marc Suarez assenior vice president to lead the charge in Miami. He will reportto Steven Cox, managing director at Hunt in NewYork.

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“Our decision to open and fully staff a local Miami office is indirect response to strong market dynamics,” BillHyman, senior managing director and head of the MortgageBanking Group at Hunt, tells GlobeSt.com. “A local physicalpresence will enable us to better serve the unique needs of Floridadevelopers and owners. We believe that having people in thearea who know the market, and the players, is invaluable. ”

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The Mortgage Banking Group at Hunt provides mortgage financingfor conventional multifamily properties throughoutthe US. Hunt is a Fannie Mae DUS lender, Freddie Macseller-servicer, FHA-approved mortgage provider, bridge and CMBSlender, and source for other forms of alternative capital.

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Jeremy Glassman, the new director ofconstruction risk for Hunt's Affordable Housing Credit Group, isjoining the Florida office as senior vice president. ChadMusgrove, a veteran financial analyst at Hunt, isrelocating from the firm's New York office to Florida to round outthe team.

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