BIRMINGHAM, AL-Locally based Collateral Mortgage Capital LLC, one of Freddie Mac’s top national lenders, has closed a record $95 million November performance with production of $24.6 million on seven Freddie Mac transactions, five in the Birmingham, AL area.

The privately owned mortgage banking firm projects a comparable December performance, largely on the strength of a vibrant multifamily investment market in the Southeast.

“We hope to emulate the business in December and in 2003,” Collateral Senior vice president and chief underwriter Jeffrey M. Patton says in a prepared statement.

In the Birmingham deals, Collateral funded Homewood Gardens for $2.7 million; Forest Ridge I and II Apartments, $3.78 million; Ascot Place Apartments, $3.6 million; Meadow Wood Apartments, Pelham, AL, $1.58 million; and Woodbrook Apartments, $4 million.

The company also funded Aegis of Kirkland, a 50-unit, garden-style assisted living facility in Kirkland, WA for $6.5 million; and the Morningside Apartments in Jacksonville, FL for $2.4 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.