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TYSONS CORNER, VA-In a recent move to extend its services and expertise to the multifamily market, Coldwell Banker Commercial Capitol Realty Services has decided to create a new division, the National Multi-Family Finance Group. The new entity will supply financing for apartment projects to clients of CBC Capitol’s long list of affiliates in 450 branches across the US. Thomas Mulroney, an industry veteran, will spearhead the group from its Tysons Corner headquarters.

Under the National Multi-Family Finance Group’s programs, lending opportunities will be available for both small and large qualifying projects, without a cap on the amount of funds potentially available for borrowing. All loans will be non-recourse and will carry a permanent fixed rate. Additionally, the National Multi-Family Finance Group will offer property owners investment advisory and debt recapitalization services.

“This new lending group expands the Coldwell Banker Commercial brand’s talent pool and reach throughout the country,” says CBC Capitol CEO Rick Davidson. “Our partnership with the national office of Coldwell Banker Commercial solidifies our position as one of the leaders in the commercial real estate industry. We expect this new service line to be a major source of revenue for the national organization.” More news is on the horizon for the group, which expects to announce the establishment of a correspondent’s agreement with a Fannie Mae DUS lender and a Freddie Mac Seller Servicer in the near future.

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