New York—Centerline 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 that is has been formally designated as a licensed Freddie Mac Multifamily Targeted Affordable Housing (TAH) Seller/Servicer.
This license gives Centerline approval to originate affordable multifamily loans nationally on behalf of Freddie Mac, and makes Centerline one of a select number of lenders approved to sell and service targeted affordable housing loans nationwide.
Earlier in its history, Centerline was one of the leading Freddie Mac affordable housing lenders in the nation.
Freddie Mac targeted affordable housing loans are divided into four categories:
- Preservation Transactions
- Bond Credit Enhancements
- Forward Commitments
- Cash Mortgage
Freddie Mac approves lenders under each individual loan category; Centerline was selected for all four categories.