NEW YORK, NY - Centerline Capital Group (“Centerline”), a provider of real estate financial and asset management services for affordable and conventional multifamily housing, and a subsidiary of Centerline Holding Company (OTC: CLNH), announced today it has hired Mara Geltzeiler for its Mortgage Banking Group.
Mara Geltzeiler was hired as a Senior Vice President reporting to William Hyman, Head of the Mortgage Banking Group. Ms. Geltzeiler will focus on growing Centerline’s production for Freddie Mac’s conventional business. Working on a national level, she will leverage her in-depth knowledge of Freddie Mac and provide Centerline’s clients with insights to make their borrowing process smoother, faster and more efficient.
Prior to joining Centerline, Ms. Geltzeiler worked for Freddie Mac in their Northeast Region, where she successfully underwrote and closed more than 100 transactions totaling $2.6 billion. William Hyman noted, “We are delighted to welcome Mara to Centerline. Her experience and intimate knowledge of Freddie Mac will be an invaluable resource to us, and to our clients.” In 2011 Centerline completed more than $1.3 billion in mortgage banking multifamily transactions, and plans to grow the platform by more than 20% in 2012.
Ms. Geltzeiler held several positions at Prudential Financial, Inc. including originations, private equity, and affordable housing before she joined Freddie Mac in 2008. A graduate of George Washington University’s School of Business, Ms. Geltzeiler has a BA in finance and graduated cum laude. In 2010 she co-founded United Women in Business, a non-profit foundation helping to educate young professional women and mentor female high school and college level students.
About Centerline Capital Group
Centerline Capital Group, a subsidiary of Centerline Holding Company (OTC: CLNH), provides real estate financing and asset management services, focused on affordable and conventional multifamily housing. Centerline offers a range of both debt and equity financing to developers, owners, and investors. An industry leader, Centerline is structured to originate, underwrite, service, manage, refinance or sell through all phases of an asset’s life cycle. A leading sponsor of Low-Income Housing Tax Credit (LIHTC) funds, Centerline has raised more than $10 billion in equity across 136 funds, and invested in over 1,300 assets spanning 47 states. The firm’s multifamily lending platform services more than $11billion in loans. Founded in 1972, Centerline is headquartered in New York City, with 233 employees in ten offices throughout the United States. A strategic partner of Island Capital, Centerline is organized around four business units: Mortgage Banking, Affordable Housing Equity, Asset Management and Affordable Housing Debt. For more information visit www.Centerline.com