CB Richard Ellis Group Inc. (CBRE) has introduced a Department of Housing and Urban Development (HUD)/Federal Housing Administration (FHA)-insured multifamily and healthcare mortgage lending program within the multi-housing group of its capital markets business.
Ron Halpern, a 30-year veteran of the financial services and multi-housing industries, will continue to assist in the oversight of the day-to-day operations of CBRE's multi-housing group while also spearheading the company's HUD/FHA initiative. He will be joined by two recent additions to the CBRE team: Jayne Hulbert and Thom Cooley.
‘This new initiative will significantly strengthen CBRE's capital markets platform, enabling us to offer our clients the full range of HUD/FHA-insured mortgages for new construction, substantial rehabilitation, refinancing or acquisition loans on apartments, senior housing and healthcare facilities,’ Halpern says.
