Gershman VP Michael Thomas facilitated the closings of $173.2M in senior notes in 2017

DENVER, Jan. 9, 2018 /PRNewswire/ -- Gershman Mortgage recently announced that Michael Thomas, Vice President of Multifamily and Healthcare-Denver was involved in advising client's debt financing needs and facilitated the closings of $173.2 million in senior notes in 2017. The scope of the transactions included real estate acquisition, dental acquisition, medical office building buy-in and surgery practice financing.  Additionally, Thomas was involved in the restructuring of Agency debt that provided several "bank bridge to FHA insured financing" facilities that focused on work-force housing and Low Income Housing Tax Credit ("LIHTC") properties. The bulk of the financing included over 1,635 units of multifamily rental housing spanning northern and southern California, Nevada, New Mexico, Louisiana and Colorado.

Michael Thomas said, "Gershman Mortgage's scope is national and has expanded to encompass unique financing structures to serve a wide array of our client's needs. In particular, our structured bridge placement to FHA permanent financing helped several buyers acquire and renovate properties in 2017. Tight purchase timelines often require an interim note that will serve while we underwrite and place the permanent FHA insured loan with the Department of Housing and Urban Development under the 223(f) program."

The Denver Office of Gershman Mortgage has expanded rapidly in the last year and now boasts an unparalleled, experienced team including a former appraiser and lead closing HUD attorney as well as a seasoned team of LIHTC underwriters including a Chief Underwriter.

Gershman Mortgage is one of the nation's leading mortgage bankers, offering over 60 years of experience, security, and unmatched customer service in residential and commercial financing Gershman has maintained a reputation in the mortgage industry that few lenders can equal.  We were one of the first lenders in the country to be MAP (Multifamily Accelerated Processing) approved, giving the company extensive experience and a unique understanding of the HUD process.  We are consistently one of the nation's top 10 largest FHA insured loan originators, having closed over $3.4B in FHA insured loans.  In addition to originating and funding loans, Gershman also services our loans. 

Michael Thomas can be contacted directly at (303) 953-4775 or by cell at (303) 810-5170.  His email address is [email protected]. 

SOURCE Gershman Mortgage

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