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Mar. 27, 2013

Centerline Capital Group Hires Jeffrey J. Ballaine in Mortgage Banking Unit

New YorkCenterline Capital Group, a provider of real estate financial and asset management services for affordable and conventional multifamily housing, and a subsidiary of Centerline Holding Company, announced today it has hired Jeffrey J. Ballaine for its Mortgage Banking Group.

Ballaine was hired as a vice president reporting to Richard Olrich, managing director at Centerline. He will be based in Seattle and will source and originate loans in Washington, Idaho, Montana, Alaska and Wyoming. In addition, Ballaine will cover the Oregon market jointly with Centerline’s San Rafael, California office.

Prior to joining Centerline, Ballaine was a loan officer/vice president in the Income Property Group at Washington Federal in Seattle. Earlier in his career, Ballaine held positions with Homestreet Capital in Seattle and State Street Bank & Trust in Boston.

Ballaine earned Masters in Real Estate and Construction Management from the University of Denver, and a BA in Economics from Colby College.

The Mortgage Banking Group at Centerline provides mortgage financing for conventional multifamily properties throughout the United States. Centerline is a Fannie Mae DUS lender, Freddie Mac seller-servicer, FHA-approved mortgage provider, bridge and CMBS lender, and source for other forms of alternative capital.