Guggenheim Partners affiliate Pillar Multifamily LLC has agreed to buy Fannie Mae eligible loans sourced by Tremont Realty Capital LLC under a correspondent agreement between the two companies.
Tremont originates nationwide, according to a spokeswoman for that company, and a press release from the two companies indicates Guggenheim will be buying loans from all areas Tremont originates in outside of California.
Pillar also recently agreed to buy Fannie-eligible multifamily loans outside of Southern California from 801 Capital Finance Company LLC, an affiliate of Flat 801 Management Co. that has a national origination network.
