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 a team of small loan professionals in Irvine, California. The new team will be led by Ana Ramos (formerly Woods) and will originate small multifamily loans in California.
The Small Loan Division is part of Centerline’s national mortgage banking platform which has been a leading multifamily lender for many years. The Small Loan Division provides loans between $1 and $5 million, with an average loan size of $1.8 million. The group is headquartered in Irvine, California under the direction of Rick Warren. The new team includes:
» Ana Ramos joins Centerline as Senior Vice President and Regional Director and will oversee the new California-based small loan team. Ramos is a seasoned Fannie Mae DUS lender with more than 15 years in the industry. For the past eight years she was with Greystone, most recently serving as Managing Director leading their West Coast production office, which funded approximately $200MM a year in new loans. Earlier in her career, Ramos held positions with Berkshire Mortgage Finance, ARCS Commercial Mortgage Company and Community Corporation of Santa Monica.
Karla Borbon comes to Centerline from Greystone where she was Relationship Manager, responsible for originating Fannie Mae multifamily transactions. She joins the Centerline team as Vice President. Karla brings eight years of experience in key relationship management, process training, and a strong business development track record. Prior to Greystone, Borbon was an underwriter at ARCS Commercial Mortgage Company.
Jonathan Lawyer joins the new Centerline team as Underwriting Associate. Before coming to Centerline, he was a Production Analyst at Greystone. Prior to Greystone, Jonathon interned at Countrywide Financial Corporation while completing his B.S. in Finance at San Diego State University.
“Centerline established its Small Loan Division approximately two and a half years ago to address the specific financing needs of smaller properties and has been steadily growing the platform ever since to meet current market demand,” commented Warren. “We are thrilled to announce the latest additions to our team in California. Ana, Karla and Jonathan are seasoned finance professionals with solid experience in sourcing and originating small multifamily transactions. They will be instrumental in our continued growth.”
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. We offer a range of both debt financing and equity investment products, as well as asset management services 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 137 funds, and invested in over 1,600 assets spanning 47 states. The firm’s multifamily lending platform services more than $11.5 billion in loans. Founded in 1972, Centerline is headquartered in New York City, with 246 employees in ten offices throughout the United States. A strategic partner of Island Capital, Centerline is organized around four business units: Affordable Housing Equity, Affordable Housing Debt, Mortgage Banking and Asset Management. To learn more about Centerline, visit www.centerline.com