Centerline Capital Group has been renamed Hunt Mortgage Group, completing the firm’s transition to Hunt Cos.
Centerline was acquired by Hunt in late 2013. Its asset management and tax credit syndication businesses were transitioned to Hunt earlier this year.
Hunt Mortgage Group had $10.4 billion of loans in its mortgage servicing portfolio as of June 5. It offers Fannie Mae, Freddie Mac, Federal Housing Administration, Ginnie Mae, commercial mortgage-backed securities, and other products to finance a wide range of properties, including student housing, manufactured housing, cooperatives, and affordable rental housing.
At the time of the acquisition, Hunt said the deal significantly expands its affordable housing asset management business by adding $9.2 billion in investor equity under management in 113 funds that have approximately 138,000 units.
The mortgage group is led by President Robert Wrzosek. The conventional multifamily mortgage banking team is overseen by William Hyman, senior managing director, and the affordable multifamily housing debt unit is managed by Philip Melton, senior managing director.
Since Wrzosek joined the firm in late 2013, Hunt Mortgage Group has launched three new products, including the creation of a lending program for senior housing/healthcare properties, a multifamily bridge loan program, and a small loan portfolio lending program.
Hunt is a privately owned investor, developer, and manager of real assets headquartered in El Paso, Texas. The firm has more than 1,200 employees.