Marcus & Millichap Names Head of Affordable Housing Specialty
John S. Sebree has been named to oversee the affordable housing specialty, including low-income housing tax credit (LIHTC) and Sec. 8 multifamily properties, at Marcus & Millichap, a commercial real estate investment services firm.
Sebree has been the national director of Marcus & Millichap’s National Multi Housing Group since 2011. In his expanded role, he will support the firm’s affordable housing brokers’ business execution, client relationship development, and grow the brand within the affordable market segment.
Prior to joining Marcus & Millichap’s management team, Sebree was a multifamily property investment sales specialist with a successful brokerage practice serving institutional and private clients throughout the Midwest. He joined the company’s Chicago office in 1991 and opened its Indianapolis office in 1997.
Walker & Dunlop Expands Affordable Lending Team
Brian Jones has joined the Federal Housing Administration (FHA) finance group at Walker & Dunlop, a commercial real estate finance firm. He will focus on originating affordable multifamily, health-care, and senior housing loans out of the firm’s new Cleveland office.
Jones previously served as a director at Love Funding, where he originated financing for affordable and market-rate projects and health-care facilities, utilizing the federal Rental Assistance Demonstration program with LIHTCs.
He also served as assistant vice president of development at Millennia Housing Development.
Churchill States Adds to Team
Aniko Rakita has joined Churchill Stateside Group (CSG) as vice president, West regional production office, in the firm’s Dallas location. Rakita is responsible for debt and equity origination for both affordable and market-rate properties in the West and Southwest regions.
She brings diverse real estate experience ranging from analysis and underwriting to debt and equity origination. Rakita comes to CSG from Neighborhood Builders Community Development Corp. (NBCDC) in Dallas, where she served as director of real estate development.
Rakita’s experience also includes working as a customer account manager in the conventional multifamily division at Fannie Mae and vice president, community development real estate banker at JPMorgan Chase.
The company, through its subsidiary Churchill Mortgage Investment, is an approved U.S. Department of Agriculture Rural Development and Department of Housing and Urban Development/FHA MAP lender and Ginnie Mae issuer. CSG sponsors tax credit equity investment funds for institutional investors and provides a variety of construction and permanent financing solutions.
DCHFA Announces Staff Moves
The District of Columbia Housing Finance Agency (DCHFA) has announced several new hires and a promotion.
Yolanda McCutchen has joined the agency as public relations manager, overseeing the daily operations of all internal and external communications. Serving as DCHFA’s public information officer and social media manager, she creates and distributes communications materials and conducts media relations outreach.
Before joining the agency, McCutchen worked as a communications consultant for real estate brokerages, nonprofit organizations, and real estate developer clients.
Bill Milko has joined DCHFA as the deputy director of single-family programs and will manage the daily operations of all mortgage lending and foreclosure prevention programs.
For the last 20 years, Milko worked in the mortgage industry for the state of Maryland, performing all phases of loan origination. For the last five years, he was a key player at the state Department of Housing and Community Development, working on a range of issues, including foreclosure prevention, which led to his being named operations manager for the Maryland Mortgage Program.
Jelani Whitt has joined the agency as an asset manager in the compliance and asset management department. Whitt will provide funding assistance to the District of Columbia by ensuring that each project includes housing to low-income and middle-income individuals and their families. Prior to joining the agency, Whitt held a number of positions at CWCapital Asset Management specializing in distressed commercial real estate across asset classes with a focus on management, disposition, and/or the modification of loans.
Jeree Turlington has been promoted to asset manager in the compliance and asset management department. Turlington came to DCHFA in 2013 as a financial analyst. In this role, he evaluated the current and long-term financial health of all projects. Prior to coming to the agency, Turlington worked as a housing asset analyst at the Delaware State Housing Authority. His primary duty included the financial oversight of a portfolio of over 100 Sec. 8 and LIHTC sites in Delaware.
Hunt Mortgage Announces Hire
Doug Vikser has joined Hunt Mortgage Group as managing director. He will be based in El Segundo, Calif.
As a member of the firm’s proprietary lending team, he will focus on generating business for Hunt’s commercial floating-rate bridge program, according to Bill Hyman, senior managing director and chief production officer.
Vikser’s experience includes senior positions at Terra Capital Partners and MSD Capital as well as serving as managing director/portfolio manager for a bridge loan debt fund at Prudential Mortgage Capital where he originated bridge and mezzanine loans on a nationwide basis.