CWCapital Launches Affordable Housing Platform

NEW YORK CITY-In an effort to expand its national multifamily lending presence, CWCapital has launched a new affordable housing platform to meet the needs of the growing industry, the company unveiled on Wednesday. The new platform will include the raising and investing Low Income Housing Tax Credits (LIHTC) institutional equity funds, overseeing the financing of affordable properties through Fannie Mae, Freddie Mac and FHA programs, and developing new financing products.

“It will really cover all aspects of financing affordable housing,” says Andrew Weil, who is serving as CW’s managing director of the new platform along with Justin Ginsberg based in New York City. “We are getting into a space that is very solid and has a lot of competition, but what we are trying to do is offer it from a platform that has much more to offer than single-asset financing,” he adds.