CHICAGO, ILLINOIS (April 23, 2020) – NorthMarq’s Chicago office welcomed long-time multifamily industry professional Monty Childs to its office. He will assist with the development and growth of the multifamily platform by leveraging NorthMarq’s unmatched network of capital partners. Childs’ career has been propelled by his motivation to help property owners and developers maneuver through the financing process, ultimately benefiting their properties and tenants.
“We are thrilled to have Monty join our office,” said Sue Blumberg, managing director of NorthMarq’s Chicago office. “He is a pleasure to work with and adds to our platform by providing expertise in affordable housing. NorthMarq brings Monty a plethora of financing options, adding to his sources.”
Involved in the multifamily mortgage banking industry since 1996, most recently, Childs worked at Freddie Mac in the Targeted Affordable Housing program where he established expertise in tax credits, housing subsidies and tax-exempt debt. Monty was Freddie Mac’s leading affordable producer in volume over the past five years.
Childs began his career as an underwriter at Berkshire Mortgage in Chicago and later transitioned to several loan production roles, with a particular emphasis in Government Sponsored Enterprise (GSE) Finance—Freddie Mac, Fannie Mae and HUD/FHA. He has closed more than $10 billion in these loans.
“I am proud to be part of an organization with such a great culture and deep capital sources and am looking forward to hitting the ground running,” said Childs.
Childs holds a Bachelor degree from the University of Michigan and an MBA in Finance from The George Washington University. Childs currently serves on the board of directors of a Chicago construction company and has been involved for the past 10 years with the Illinois Housing Council.