Witmer Set to Buy Stake in FHA Multifamily Lender

Witmer Partners LLC, a Horsham, Pa.-based venture capital and advisory firm that also has servicing operations, plans to buy a "significant" stake in a multifamily lender that specializes in government product. Witmer did not disclose the exact amount of the stake it wants to buy in Tavernier Capital Funding, subject to Department of Housing and Urban Development approval. Tavernier Capital Funding is a subsidiary of the Tampa, Fla.-based commercial mortgage banker Tavernier Capital Partners. Former GMACCM chairman David Creamer is a founding partner at Witmer. Tavernier Capital Funding principal Allen Moczul previously was an executive at GMACCM who oversaw state markets, first in Michigan and later in Florida. Witmer specializes in both commercial and residential mortgages and its businesses included commercial special servicer Helios AMC LLC as well as distressed residential servicer Selene Finance LP.