NEW YORK, Nov. 22, 2016 (GLOBE NEWSWIRE) -- Hunt Mortgage Group, a leader in financing commercial real estate throughout the United States, announced today it added three new executives in the Northeast and Mid-Atlantic regions to bolster its affordable housing team. William Jones joins the firm as Managing Director, Matt Meskill joins as Director, and KC Peterson was named Vice President. These new hires are part of an aggressive campaign to add top affordable housing and FHA talent to reinvigorate the firm’s presence in the sector.
Jones and Meskill will operate out of Hunt Mortgage Group’s New York office, while Peterson will be based in Tysons Corner, Virginia. They will all report to Paul Weissman, Senior Managing Director and head of the Affordable and FHA Lending platform at Hunt Mortgage Group.
“The Northeast and Mid-Atlantic regions are important growth areas for FHA and affordable housing given the region-wide shortage of housing for its ever-growing population, and the increasing interest of its communities to address these needs,” commented Weissman. “Hunt Mortgage Group supports these efforts by bringing our financial resources and extensive expertise – including our expanded team – to the table.”
A pioneer in affordable housing, Hunt Mortgage Group is long-established in the affordable housing debt and equity finance markets, having sourced and originated affordable loans since the 1980’s.
- William Jones. Jones was with Love Funding Group for 16 years before joining Hunt Mortgage Group. Most recently he was a Senior Director, Loan Originator at Love Funding, where he was responsible for the origination of more than $500 million of commercial mortgages, including FHA, 221 (d)(4), new construction and sub-rehabilitation, 223(f), 223(f) Low Income Housing Tax Credit PILOT program, 223 (a)(7), 232 refinancing, 202, 236 IRP decoupling, and Commercial Mortgage Backed Securities (CMBS) multifamily loans. Earlier in his career, Jones held senior positions with Legg Mason, Donaldson, Lufkin & Jenrette (DLJ), Federal Home Loan Bank of New York, Babcock and Brown, and Noonan Astley & Pearce. Jones earned a Master of Science, Real Estate Development from Columbia University and a Bachelor of Arts, Economics and History, from Skidmore College.
- KC Peterson. Peterson comes to Hunt Mortgage Group from Pillar Capital Finance LLC, where he was an underwriter and originator, responsible for originating new loans for multiple asset classes, primarily seniors housing, healthcare and multifamily deals, with emphasis on HUD insured programs. Before that he served as an underwriter at Metropolitan Funding Corp. Earlier in his career he held positions with Investment Technology Group, Tradeweb Retail and KLS Professional Advisors. Peterson holds degrees from Haverford College and Deerfield Academy.
- Matt Meskill. Meskill joined Love Funding’s New York office in 2011. While there he focused on loan origination for market-rate and affordable multifamily properties and healthcare facilities nationwide. He previously held the position of production analyst, where he worked strategically alongside two originators contributing to the production and closing of approximately $100 million in FHA financing. Prior to joining Love Funding, Meskill gained extensive experience in the commercial real estate construction industry, focusing on energy efficiency and construction estimation. He is a 2002 graduate of Skidmore College with a Bachelor of Arts in Sociology and Anthropology, and was awarded his Master’s Degree in Real Estate Finance and Investment from New York University.
“Bill, KC and Matt are truly experts in FHA lending and they also have a solid amount of affordable housing experience having worked with both non-profit and for profit housing developers. We expect these three new team members to play a major role in helping Hunt Mortgage Group build its FHA platform in these areas,” added Weissman. “The multifamily housing market is growing nationwide and FHA is a central part of Hunt Mortgage Group’s offering, especially as many commercial banks begin to shy away from construction lending activities. We are delighted to expand our FHA team and look forward to drawing upon their industry expertise.”
Hunt Mortgage Group offers debt for conventional and affordable multifamily properties. The firm is structured to maximize efficiencies and leverage expertise with dedicated originations and underwriting teams to support its affordable, conventional, and small balance lending businesses.
“Hunt Mortgage Group offers clients the most extensive variety of financing to help them expand their businesses,” concluded Weissman. “The affordable multifamily housing market is growing rapidly and it’s a fundamental part of Hunt Mortgage Group’s legacy.”
About Hunt Mortgage Group
Hunt Mortgage Group, a wholly owned subsidiary of Hunt Companies, Inc., is a leader in financing commercial real estate throughout the United States. The Company finances all types of commercial real estate: multifamily properties (including small balance), affordable housing, office, retail, manufactured housing, healthcare/senior living, industrial, and self-storage facilities. It offers Fannie Mae, Freddie Mac, HUD/FHA in addition to its own Proprietary loan products. Since inception, the Company has structured more than $21 billion of loans and today maintains a servicing portfolio of more than $12 billion. Headquartered in New York City, Hunt Mortgage Group has 189 professionals in 21 locations throughout the United States. To learn more, visit www.huntmortgagegroup.com.
Source:Hunt Mortgage Group