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Centerline Capital Group Introduces New Small Loan Portfolio Lending Program

May 5, 2014

- One of many new products to be launched under Hunt Companies ownership- New York, NY - May 5, 2014- Centerline Capital Group, a provider of real estate mortgage services for affordable and conventional multifamily housing, announced today it has launched a new small loan portfolio lending program.  The new program expands Centerline's existing small loan program to include a portfolio product for multifamily and mixed use properties. "Centerline's Mortgage Banking Group is a national leader in mortgage financing for conventional and affordable multifamily properties," noted Rick Warren, Managing Director at Centerline Capital Group.  "We originate and service loans for all types of multifamily properties and the majority of our loans are structured for funding through the Fannie Mae DUS Program, Freddie Mac Program Plus and FHA. "Our latest portfolio loan product expands our product menu and enables us to offer financing with a flexible prepayment penalty, early rate lock, bank style underwriting, lighter documentation, and an easier overall process." With its small loan portfolio program, Centerline will offer loans with the following terms: * $1 to $6 million * DSCR 1.25x * 75% loan to value * Loan structure: 3, 5, 7 and 10-year hybrid This is the third product launch at Centerline following the November acquisition of the firm by the Hunt Companies. Previously the firm announced the creation of a bridge lending program for senior housing properties and a multifamily bridge loan program. Properties that qualify for the new product will be stabilized in-line with market, with strong sponsorship.  The loan program will be available in both large and small markets nationwide. "This is a proprietary Centerline program that we developed to broaden our offering in the small multifamily sector," continued Warren "We are excited to bring this new program to market and look forward to serving customers nationally." ### About Centerline Capital GroupCenterline Capital Group, a real estate finance company, provides financing and investing for conventional and affordable multifamily housing throughout the United States.  Centerline is organized around two business units: Mortgage Banking and Affordable Housing Debt.  Under the Mortgage Banking and Affordable Housing Debt businesses, Centerline partners with developers, owners, and investors to provide them with capital to develop, acquire or redevelop their real estate assets.  Centerline's core debt products consist of Fannie Mae, Freddie Mac, or HUD/FHA financing.  In addition, through several strategic alliances, Centerline offers various CMBS executions for multifamily and other commercial properties, bridge loans and select joint venture equity products. Today, the firm's lending platform manages and services more than $10.4 billion in loans, of which affordable housing makes up $916 million.   Founded in 1972, Centerline is headquartered in New York City, with 159 employees in 13 locations throughout the United States.  To learn more about Centerline, visit www.centerline.com. This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Centerline Holding Company (CharterMac) via GlobeNewswire [HUG#1782673]


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