NEW YORK, NY - The New York office of mortgage banking company Merchants Capital today announced that it has provided approximately $1.2 billion in debt financing during 2020 for affordable housing preservation and development within the region, ranking Merchants as a top multifamily affordable housing financer in the New York area.
The milestone reflects Merchants Capital New York’s steep growth trajectory due to its ever expanding and diverse base of offerings, including on-book, Freddie Mac, Fannie Mae and FHA loan products. Merchants’ lending volume extends to a broad swath of affordable projectives, including acquisition, preservation and new construction loans for 4%, 9%, Section 8, public, supportive, and mixed-income housing projects.