Sunrise Mortgage and Investment Co. will represent HomeStreet Capital's multifamily financing, through the Fannie Mae Delegated and Underwriting Servicing multifamily product line in southern and central California and Arizona.
Sunrise was incorporated as a commercial mortgage brokerage firm in Phoenix in 1983 and expanded into California in 1989. Headquartered in Phoenix with four offices in California, Sunrise provides financing for income-producing properties ranging in size from $500,000 to $50 million.
"We are pleased to have been invited by HomeStreet Capital to serve as correspondent for the Fannie Mae DUS program in this region," John Nierad, President of Sunrise Mortgage said in announcing the news. "By expanding our apartment financing options to include Fannie Mae DUS products, we can better serve customers in the Southwest, offering them a wider and very attractive range of options."
HomeStreet Capital has been providing loans for multifamily and commercial real estate projects in the Pacific Northwest since 1921. HomeStreet offers competitive services and loans for permanent, construction, bridge, forward, renovation and refinancing of income property through a wide range of loan programs, including Fannie Mae, life insurance company, conduit and HomeStreet Bank portfolio funds.
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