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Codina Hooks Up With Alabama's Collateral Mortgage Capital

CORAL GABLES, FL-Steve Nostrand, Codina's director of mortgage and investment banking, says that by serving as a correspondent for the Birmingham-based lender, Codina's Real Estate Services Group can offer competitive Fannie Mae loans for affordable multifamily housing projects.

By Pat Taylor | Updated on January 03, 2002

CORAL GABLES, FL-Codina Group Inc. has teamed up with Birmingham, AL-based Collateral Mortgage Capital LLC, one of 26 lenders designated as a Fannie Mae Delegated Underwriting and Servicing (DUS) lender.

Codina will offer Fannie Mae lending programs to owners of multifamily residential properties as part of its Real Estate Services Group mortgage and investment banking services.

Steve Nostrand, Codina’s director of mortgage and investment banking, tells GlobeSt.com that as a correspondent for Collateral, Codina will directly originate, process, underwrite and deliver small-loan programs, construction-and-rehabilitation loans, senior-housing loans, manufactured-housing loans and acquisition-and-permanent refinancing loans for apartment projects.

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