Real estate finance and management firm Centerline Capital Group has formed an alternative capital markets division based in Vienna to arrange debt and equity capital for apartment and other multifamily projects.
The unit expands the capabilities of the New York City-based firm, which originates loans on behalf of agencies such as Fannie Mae, Freddie Mac and the Federal Housing Administration.
Loans will range from $10 million to in excess of $100 million. The unit will offer fixed- and floating-rate senior loans, equity, mezzanine debt and bridge financing. Centerline, with seven offices nationwide, will provide the bridge financing through its relationship with commercial mortgage company C-III Capital Partners.
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