MINNEAPOLIS (April 2, 2015) NorthMarq Capital has completed its acquisition of the remaining outstanding interest in AmeriSphere Multifamily Finance, a Fannie Mae DUS and FHA MAP lender from its founding partner Rodrigo Lopez and the investment firm McCarthy Capital (Fulcrum). NorthMarq Capital, which previously owned a 40-percent stake in AmeriSphere, will now operate it as a wholly-owned subsidiary, NorthMarq Capital Finance. Terms of the acquisition were not disclosed.
NorthMarq originates multifamily loans for Fannie Mae under their DUS program and for FHA, including all underwriting, closing and asset management functions through its 35 regional offices. “This acquisition strengthens our multifamily platform and leverages our existing production platform throughout the U.S.,” said Eduardo “Ed” Padilla, CEO-NorthMarq Capital and NorthMarq Capital Finance. “Robust Fannie Mae and HUD offerings are a great complement to our Freddie Mac platform and create the best options for our borrower clients.”
Jay Donaldson, has been appointed president of the NorthMarq Capital Finance group; Scott Suttle continues as executive vice president and national production director. Both will join NorthMarq Capital’s Executive Leadership Team and report to Padilla.
The existing former AmeriSphere offices in Omaha, Washington DC, Dallas, and Denver will continue to support the 35 regional offices in underwriting, closing, servicing, and asset management of DUS and FHA loans.