EL PASO—Locally based Hunt Cos. Inc. has completed its acquisition of Centerline Holding Co. The transaction puts all of Centerline's common shared in the hands of a Hunt affiliate, and Centerline will operate as a subsidiary of Hunt. As GlobeSt previously announced, Hunt, which had acquired about 41% of Centerline's stock in late April, paid $39.89 apiece for the outstanding common shares that Hunt or its affiliates do not already own.

The deal gives Hunt a national mortgage-banking platform offering Fannie Mae, Freddie Mac, HUD/FHA, CMBS and other debt products, with a loan servicing portfolio of $12.4 billion. Hunt will also see its affordable housing asset management business grow, with the addition of $9.2 billion in investor equity under management in 113 funds comprised of approximately 138,000 units.

“We are delighted to have closed this transaction, and we welcome Centerline and its employees into the Hunt family,” says Chris Hunt, president and COO of Hunt Cos. “We are excited to enter a new business in mortgage-banking and to grow what we believe to be the premier asset management platform in affordable housing.”