NEW YORK CITY—Bellwether Enterprise Real Estate Capital—the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment—has expanded its affordable housing lending practice here by adding three team members. The group focuses exclusively on Federal Housing Administration lending in the New York region.

“This expansion helps us plant a flag in New York City and solidifies our commitment to supporting affordable housing in the region,” says Phil Melton, EVP and national director of affordable housing and FHA lending. “Enterprise's long history in New York City, combined with the depth and breadth of our expertise, allows us to provide the most competitive financing solutions for affordable and workforce properties. Our stronger New York City presence will be influential in supporting Bellwether Enterprise's continued growth across the nation.”

The New York City expansion includes the hiring of two loan originators and one analyst, all dedicated to supporting the affordable housing group's mission. With a history of billions in the financing of commercial real estate, the three bring a wealth of experience and relationships to the company's existing platform.

The hires include SVPs and loan originators Hadley Bressman and John Mannix, along with analyst Nicole Bressman. Hadley Bressman joins Bellwether with over two decades of real estate lending experience. He was a founding partner of the Hadley Group, a mortgage-banking platform here specializing in FHA lending, including multifamily and healthcare finance alternatives.

Previously, he was founder of Metropolitan Funding Corp., where he was responsible for over $6 billion in originations. The Hadley Group is bringing a substantial pipeline of FHA and Conventional, including more than $100 Million in FHA business and more than $50 million on Agency/Conventional financing opportunities.

Mannix most recently worked as a managing partner and founder of Merchant Equity Group, an entrepreneurial private investment company here. Since 2004, he has directed a divestment of net leased real estate assets, office properties, and retail centers while building the firm's Black Pearl Resorts business.  Merchant Equity Group has made over $1.65 billion in investments in commercial real estate, structural financial products, natural gas drilling operations, and substantial land acquisitions in Central America.

Nicole Bressman joins Bellwether Enterprise from the Hadley Group and the Metropolitan Funding Corp. 2013, where her responsibilities included loan analysis and project coordination. She has worked on over $500 million of pipeline and pending HUD/FHA projects, including 223 (f), 221 (d) 4 and 232 healthcare properties.

“With the multifamily housing industry experiencing unprecedented growth, our mission to expand the supply of available affordable units in communities across the nation is more critical now than ever before,” asserts Melton. “We must ensure that investment in all types of multifamily projects expand, not just the luxury market.”

He continues, “The city can't afford to leave low-and moderate-income families struggling to keep a roof over their heads. I'm confident that the newest members of our team will excel in creating flexible lending solutions that help to alleviate the stressful burden of high housing costs that too many New Yorkers face.”

Several economic factors have resulted in net positives for the multifamily sector and prices in core markets are at an all-time high. But just how long can the market continue on this trajectory? Join us at RealShare Apartments East on Feb. 28 and March 1 for insights on succeeding in the right markets as well as navigating and finding opportunities in the more challenging ones. Learn more.

NEW YORK CITY—Bellwether Enterprise Real Estate Capital—the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment—has expanded its affordable housing lending practice here by adding three team members. The group focuses exclusively on Federal Housing Administration lending in the New York region.

“This expansion helps us plant a flag in New York City and solidifies our commitment to supporting affordable housing in the region,” says Phil Melton, EVP and national director of affordable housing and FHA lending. “Enterprise's long history in New York City, combined with the depth and breadth of our expertise, allows us to provide the most competitive financing solutions for affordable and workforce properties. Our stronger New York City presence will be influential in supporting Bellwether Enterprise's continued growth across the nation.”

The New York City expansion includes the hiring of two loan originators and one analyst, all dedicated to supporting the affordable housing group's mission. With a history of billions in the financing of commercial real estate, the three bring a wealth of experience and relationships to the company's existing platform.

The hires include SVPs and loan originators Hadley Bressman and John Mannix, along with analyst Nicole Bressman. Hadley Bressman joins Bellwether with over two decades of real estate lending experience. He was a founding partner of the Hadley Group, a mortgage-banking platform here specializing in FHA lending, including multifamily and healthcare finance alternatives.

Previously, he was founder of Metropolitan Funding Corp., where he was responsible for over $6 billion in originations. The Hadley Group is bringing a substantial pipeline of FHA and Conventional, including more than $100 Million in FHA business and more than $50 million on Agency/Conventional financing opportunities.

Mannix most recently worked as a managing partner and founder of Merchant Equity Group, an entrepreneurial private investment company here. Since 2004, he has directed a divestment of net leased real estate assets, office properties, and retail centers while building the firm's Black Pearl Resorts business.  Merchant Equity Group has made over $1.65 billion in investments in commercial real estate, structural financial products, natural gas drilling operations, and substantial land acquisitions in Central America.

Nicole Bressman joins Bellwether Enterprise from the Hadley Group and the Metropolitan Funding Corp. 2013, where her responsibilities included loan analysis and project coordination. She has worked on over $500 million of pipeline and pending HUD/FHA projects, including 223 (f), 221 (d) 4 and 232 healthcare properties.

“With the multifamily housing industry experiencing unprecedented growth, our mission to expand the supply of available affordable units in communities across the nation is more critical now than ever before,” asserts Melton. “We must ensure that investment in all types of multifamily projects expand, not just the luxury market.”

He continues, “The city can't afford to leave low-and moderate-income families struggling to keep a roof over their heads. I'm confident that the newest members of our team will excel in creating flexible lending solutions that help to alleviate the stressful burden of high housing costs that too many New Yorkers face.”

Several economic factors have resulted in net positives for the multifamily sector and prices in core markets are at an all-time high. But just how long can the market continue on this trajectory? Join us at RealShare Apartments East on Feb. 28 and March 1 for insights on succeeding in the right markets as well as navigating and finding opportunities in the more challenging ones. Learn more.