ResMAE Launches Commercial Ops

ResMAE Mortgage Corp., Brea, Calif., has announced the launch of a commercial lending operation in California that will specialize in multifamily properties of five units or more.The company said the move is part of a broader nationwide rollout that will include commercial lending for mixed-use, office, retail, and light industrial properties. Though chiefly a subprime residential wholesale lender, ResMAE said it sees commercial opportunities through its customer base. "Many of our residential brokers encounter multifamily lending opportunities but are forced to pass because they are not familiar with the intricacies of commercial lending," said Ed Resendez, president and co-chief executive officer of ResMAE. "Our commercial operation will act as a resource to enable them to make those loans." Jorge Ramos, senior vice president of commercial lending, will head the new operation. The company can be found online at http://www.resmae.com