ST. PAUL, MN - Oak Grove Capital, a leading national provider of multifamily real estate financial services, has been honored as the top affordable housing lender by Fannie Mae at the 2011 DUS™ Conference. The award is in recognition of Oak Grove Capital’s strong performance in the affordable housing market and ability to work with Fannie Mae to identify new markets and opportunities.
“Oak Grove Capital is very proud to receive this award because it validates our commitment to the affordable housing industry,” said Tim Leonhard, managing director of affordable housing at Oak Grove Capital. “2010 was a great year for Oak Grove Capital, having gained market share in the affordable housing arena, and it is an honor to be recognized for our efforts.”
Oak Grove Capital provides customized and comprehensive finance solutions for the affordable housing industry. With experts in tax credit finance, bond finance and layering of a wide-range of subsidies, Oak Grove Capital works closely with its clients to assist them with various issuers and local, state and federal government agencies. Using a variety of financing sources, including Fannie Mae, Freddie Mac and FHA programs, Oak Grove Capital is able to offer a variety of financing products, including permanent, construction and structured.
“Oak Grove Capital’s competitive nature and drive to be successful has continually made it a leader in the affordable housing industry,” said Bob Simpson, head of Fannie Mae Affordable Multifamily Lending. “They have delivered many loans to Fannie Mae, utilizing a wide range of affordable products, ranging from 9 percent LIHTC transactions, to NIBP Treasury Bond Deals, with numerous preservation deals in between.”
Oak Grove Capital is a leading national provider of real estate financial services. As an approved lender for Fannie Mae, Freddie Mac and HUD/FHA, Oak Grove Capital offers loan products for acquisition, construction, rehabilitation and refinance. Oak Grove Capital’s highly experienced loan origination staff has expertise in a wide-range of property sectors, including Market Rate Housing, Senior Housing, Healthcare and Affordable Housing. Our clients are owners, operators and developers of commercial real estate across the country. Oak Grove Capital, a privately-owned company, maintains its headquarters in St. Paul, Minnesota.