Metropolitan Funding Corporation forms Metrofund GroupMortgagePress.comMetrofund Group
Metropolitan Funding Corporation (MFC) has formed the Metrofund
Group, a full-service commercial real estate lending platform. The
joint venture has arranged $160 million in initial capital and will
focus on bridge, transitional and mezzanine loans.
Investors include affiliates of Greenwich, Conn.-based hedge
fund Sagecrest and principals of New York-based developer Merchant
New York-based MFC is an approved U.S. Department of Housing and
Urban Development/Federal Housing Administration multifamily
accelerated processing lender and full-service commercial real
estate mortgage banking firm. For more information, call (212)
983-1500 or visit www.metropolitanfunding.com.