Warren Buffett Mortgage Firm Opens Commercial Lending Division – NMP Skip to main content

Warren Buffett Mortgage Firm Opens Commercial Lending Division

Oct 18, 2017
Moody’s Analytics has launched the Real Estate Information Services (REIS) Network

Vanderbilt Mortgage and Finance Inc., a division of Warren Buffett’s Berkshire Hathaway business empire that specializes in consumer manufactured housing, has created a commercial lending divisionVanderbilt Mortgage and Finance Inc., a division of Warren Buffett’s Berkshire Hathaway business empire that specializes in consumer manufactured housing, has created a commercial lending division.
 
The new division will offer commercial financing in select states, with a lending range between $1 million to $5 million. The division’s borrowers will be land-lease communities, including communities and parks serving this housing sector. Maryville, Tenn.-based Vanderbilt will approach this business as a portfolio lender and servicing the loans it originates.
 
“Manufactured housing is providing a solution to the affordable housing crisis,” said Eric Hamilton, president of Vanderbilt Mortgage and Finance. “We are very excited to launch this division which will help owners of land-lease communities provide more access to high-quality, low-cost housing options.”

 
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