CBRE Launches HUD/FHA MF Initiative

CB Richard Ellis Group Inc., Los Angeles, has announced the addition of a HUD/FHA-insured multifamily and health care mortgage lending capability to the Multi-Housing Group within its capital markets business. Ron Halpern, managing director of the Multi-Housing Group, will spearhead the Department of Housing and Urban Development/Federal Housing Authority initiative. He will be joined by industry veterans Jayne Hulbert, who will lead the production efforts, and Thom Cooley, who will serve as chief underwriter for FHA and assist in the expansion of the new capability. "This new initiative will significantly strengthen CBRE's Capital Markets platform, enabling us to offer our clients the full range of HUD/FHA-insured mortgages for new construction, substantial rehabilitation, refinancing, or acquisition loans on apartments, senior housing, and health care facilities," Mr. Halpern said.