NEW
YORK, Aug. 12, 2024 /PRNewswire/ -- Lument
announced today it has entered into an exclusive correspondent
relationship with Arcus Harbor Real Estate Capital under which
Arcus Harbor will refer all Fannie Mae, Freddie Mac, and FHA loans
it originates to Lument for underwriting, processing, and closing.
As part of the relationship, Lument will also have the
opportunity to provide balance sheet and other non-agency loans for
Arcus Harbor clients.
"Partnering with a firm of industry veterans like Arcus Harbor
is a powerful way for us to extend our reach," Lument CEO
James Flynn said. "The company's
principals have originated agency loans nationally with a
particular focus on California and
other Western states. Arcus Harbor shares Lument's client focus and
its appreciation of agency priorities and programs, enabling them
to have attracted a broad base of loyal clients."
Arcus Harbor is headquartered in Newport Beach, California, and was recently
formed by commercial real estate finance, credit, and production
specialists Kristen Croxton,
Greg Reed, Andrew Kwok, and Tina
Quirin, who previously worked closely together at Capital
One, Beech Street Capital, and Deutsche Bank Berkshire Mortgage for
more than two decades. Collectively, the team has originated over
$20 billion dollars in commercial
real estate transactions.
"We are very pleased to be joining forces with Lument,"
Reed said. "The overriding priority for both our companies is
building long-term relationships with our clients, drawing on our
expertise to deliver bespoke financing solutions that truly support
our clients' objectives for their portfolios."
In addition, Arcus Harbor noted that they were attracted to
Lument's strong leadership, range of proprietary products and
technology, and client-centered processes and procedures. "Fannie
Mae's selection of Lument for this year's Operational Excellence
Award only underscores our confidence that our collaboration will
provide unparalleled service and advice to facilitate growth and
prosperity for our clients," Croxton said. "Lument and Arcus Harbor
are committed to excellence, end-to-end."
About Lument
Lument, a subsidiary of ORIX
Corporation USA, is a national
leader in commercial real estate finance and delivers a
comprehensive set of capital solutions customized for investors in
multifamily, affordable housing, and seniors housing and healthcare
real estate. Lument offers Fannie Mae, Freddie Mac, FHA, USDA, and
balance sheet financing, as well as a full suite of capital market
lending products. In addition, Lument provides a suite of real
estate advisory solutions including real estate investment sales,
investment banking, and investment management solutions. The
company has approximately 600 employees in over 30 offices across
the United States.
Securities, investment banking, and advisory services are
provided through Lument Securities, LLC, member FINRA/SIPC.
Lument Investment Management, LLC, is registered as an investment
adviser with the U.S. Securities and Exchange Commission. For more
information, visit https://www.lument.com/.
Media Contact:
Tyler Howard
tyler.howard@lument.com
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SOURCE Lument