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IRVINE, CA-Boston-based multifamily and healthcare real estate lender CWCapital has expanded west with its acquisition of the origination and servicing assets of Sierra Capital Partners here. The deal expands CWCapital’s national multifamily lending platform and will be a key asset for CWCapital “as we further develop a leading full-service West Coast lending platform,” according to Michael Berman, president and CEO of CW.

Sierra Capital Partners was founded in 2003 by Trent Brooks and Bryan Frazier, two Fannie Mae and Freddie Mac lenders serving the West Coast multifamily market. Over the past 15 years, Brooks and Frazier have been directly involved in providing more than $12 billion in multifamily financing, with a focus on conventional and tax-exempt debt financing, throughout California and the West Coast.

Brooks will now serve as a managing director and a member of the CWCapital loan committee, and will work directly with Berman in shaping the strategic vision of the CW multifamily lending business. Frazier will also serve as a managing director of CWCapital, working with Donald King, national program director, and will be directly responsible for the growth and development of CW’s West Coast multifamily lending platform.

According to Berman, CWCapital considered many alternatives as to how to expand its platform on the West Coast before choosing to align with Sierra. He says that the two firms share “a strong commitment to client services” and that Sierra’s business philosophy and client relationships were a solid fit for CW.

Before co-founding Sierra Capital, Brooks served as president and chief credit officer of Bankers Mutual, a California-based lender specializing in Freddie Mac and Fannie Mae DUS multifamily financing. He has twice served as chair of the Freddie Mac Program Plus Advisory Council, was chair of the Fannie Mae DUS Advisory Council and is a past member of the MBA Steering Committee.

Frazier previously served as president of Berkshire Mortgage Finance’s West Coast platform, where he was responsible for all operational functions. Before his responsibilities as president, he was EVP of Bankers Mutual, where he was responsible for all origination activities and served as a member of the executive and strategic planning committees. He has served on the Freddie Mac Program Plus Advisory Council, the Fannie Mae DUS Advisory Council and the board of directors of the National Multi-Housing Council.

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