CBRE Becomes Fannie DUS Lender

CB Richard Ellis Group Inc., a Los Angeles-based commercial real estate services company and lender, has become a Fannie Mae Delegated Underwriting and Servicing lender and will be doing this multifamily lending through its capital markets platform. "We have continued to strengthen our fully integrated capital markets platform through a wide range of initiatives, ensuring our clients have every possible resource at their disposal -- essential in today's complex market environment," said Brian Stoffers, president of CBRE capital markets. Ron Halpern, managing director of CBRE's multihousing group, will be responsible for overseeing the production, underwriting, and closing of CBRE loans under the Fannie Mae DUS program, the company said. The DUS initiative has added two other executives -- Don Brais and Kyle Draeger. Mr. Brais will be responsible for the credit quality and investor compliance of Fannie Mae DUS loans, and Mr. Draeger will oversee the marketing and transaction structuring of the loans.