Former Freddie Mac CEO David Brickman has been tapped to lead a new agency lending platform launched by commercial mortgage brokerage Meridian Capital Group and investment manager Barings.
Brickman will serve as chief executive officer of the new joint venture, which will acquire the assets and liabilities of Barings Multifamily Capital—including its licenses to participate in various lending programs—pending approval from various federal government-supported enterprises. It will also operate BMC's agency loan origination and servicing businesses.
Subject to regulatory approval, the agency lending joint venture will participate in the Fannie Mae DUS program, the Freddie Mac Optigo network, and FGHA/GNMA-Ginnie Mae multifamily lending programs. It will also service commercial and multifamily loans for Barings' parent company MassMutual, as well as other lenders.
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