NEW YORK, May 15, 2017 (GLOBE NEWSWIRE) -- Hunt Mortgage Group, a leader in financing commercial real estate throughout the United States, announced today that it has opened a production office in Phoenix, Arizona and has hired Matthew Frank to oversee the local effort.
Frank was named Vice President in Hunt Mortgage Group’s Small Balance Loan Group. He is responsible for sourcing and closing Freddie Mac small balance loans nationwide, with a focus on the southwest region of the United States. He will report to Mark Besharaty, Director and Rick Warren, Senior Managing Director at Hunt Mortgage Group. Hunt Mortgage Group has three main business lines: the conventional loan business, small balance loan business, and an affordable housing lending business.
“Phoenix is a quality market with strong dynamics and solid underlying real estate fundamentals,” noted Warren. “A local presence enables us to better serve the rapidly growing needs of area developers and investors. This is the seventh new Hunt Mortgage Group office we’ve opened in the past year.”
“We are making strategic additions to our organization to expand our market reach and capitalize fully on our expanded financing capabilities,” added Besharaty. “Matt is a seasoned financial services executive with deep experience in commercial real estate and in working with businesses on debt arrangements. We are pleased he has come on board to open an office in Phoenix and serve local clients.”
Prior to joining Hunt Mortgage Group, Frank was a Commercial Loan Officer at AlaskaUSA Federal Credit Union. Before that he was Vice President, Commercial Lending at Unison Bank. Earlier in his career Frank held positions with Unum Group, Infinity Software Solutions, and Union Bank of California
Frank earned his B.A. from the Arizona State University and holds an Arizona Insurance License. He is a member of the MBA, NAR, ACMLA, PAF and Queen Creek Economic Development Commission.
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 20 locations throughout the United States. To learn more, visit www.huntmortgagegroup.com.
Source:Hunt Mortgage Group