NorthMarq Capital announced this week that it had completed the acquisition of 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 previous held a 40% stake in Amerisphere; with the deal finalized, Amerisphere will now operate as a wholly-owned subsidiary, NorthMarq Capital Finance. 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 Eduardo "Ed" Padilla, CEO-NorthMarq Capital and NorthMarq Capital Finance.
"NorthMarq's acquisition is the logical culmination of a very successful decade-long relationship. Because of NorthMarq's outstanding loan producers and excellent borrower clients, the AmeriSphere team will continue growing the best performing portfolio in our industry," said Amerisphere founding partner Rodrigo Lopez.
"This acquisition strengthens our multifamily platform and leverages our existing production platform throughout the U.S.," said Padilla. "Robust Fannie Mae and HUD offerings are a great complement to our Freddie Mac platform and create the best options for our borrower clients."
For more news and information visit Blumberg Capital Partners.
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