Pillar Multifamily LLC and George Elkins Mortgage Banking have had their multifamily loan correspondent arrangement approved by Fannie Mae.
GEMB will be the exclusive channel for Fannie Mae eligible multifamily loans originated in Southern California.
Pillar Multifamily is an approved Fannie Mae Delegated Underwriting and Servicing lender. Its parent company is Guggenheim Commercial Real Estate Finance LLC, which in turn is part of Guggenheim Partners LLC.
"GEMB will be an important partner for us as we continue to grow our Fannie Mae DUS business and build out the broader Guggenheim commercial real estate platform," said Robert Brennan, senior managing director of GCREF.
GCREF has six offices nationwide to originate commercial and multifamily mortgages for multiple capital sources, including Guggenheim's own portfolio.
George Elkins is a correspondent for life insurance companies and a financial intermediary for borrowers to banks, commercial mortgage-backed securitizers, public and private equity providers, and others.
