Centerline Capital Group Adds Two Executives to its Roster
— New COO and Assistant General Counsel Named —
New York, NY — June 30, 2014 — Centerline Capital Group, a provider of real estate mortgage services for affordable and conventional multifamily housing, announced today it has hired two new executives – Nick Hoffer has joined the firm as Senior Vice President and COO, and Mustafa N. Haque joins Centerline as a Vice President and Assistant General Counsel.
Hoffer has more than a decade of real estate finance and investment banking experience, and significant expertise in implementing new business and corporate growth strategies in the affordable housing and multifamily finance industry.
Haque will work for both Centerline and the Hunt Companies. He will be responsible for working closely with the company leadership on legal matters as Centerline expands its platform and grows its businesses.
“Nick and Mustafa bring solid commercial real estate finance experience to their new roles at Centerline,” noted Rob Wrzosek, President of the mortgage lending businesses of Centerline Holding Company. “They will both work closely with me and other company leaders to ensure everyone has the resources necessary to continue growing our market-leading real estate finance platform. We are pleased they have joined our team and look forward to benefitting from their individual contributions and expertise.”
Before joining Centerline, Hoffer was a Vice President in the National Housing Group at Raymond James, a leading affordable housing investment bank and tax credit syndicator. Prior to that, he was part of the team that built Credit Suisse’s affordable housing and GSE finance platform. Previously, Hoffer held positions in the commercial real estate and structured corporate finance groups at Redwood Trust and Citigroup, respectively.
He has a bachelor’s degree in business administration from James Madison University, and an MBA from the University of Florida.
Prior to coming to Centerline, Mustafa was in-house counsel for an asset based lending fund, which provided working capital to small businesses and its private equity affiliate. Mustafa began his legal career as corporate associate in the New York City office of Katten Muchin Rosenman, LLP.
He received his Juris Doctorate from Washington University in St. Louis - School of Law and graduated from Emory University’s Goizueta Business School with a Bachelor of Business Administration.
Both Hoffer and Haque are based in the firm’s headquarter office in New York City.
About Centerline Capital Group
Centerline Capital Group, a real estate finance company, provides financing and investing for conventional and affordable multifamily housing throughout the United States. Centerline is organized around two business units: Mortgage Banking and Affordable Housing Debt. Under the Mortgage Banking and Affordable Housing Debt businesses, Centerline partners with developers, owners, and investors to provide them with capital to develop, acquire or redevelop their real estate assets. Centerline’s core debt products consist of Fannie Mae, Freddie Mac, or HUD/FHA financing. In addition, through several strategic alliances, Centerline offers various CMBS executions for multifamily and other commercial properties, bridge loans and select joint venture equity products. Today, the firm’s lending platform manages and services more than $10.4 billion in loans, of which affordable housing makes up $916 million. Founded in 1972, Centerline is headquartered in New York City, with 159 employees in 13 locations throughout the United States. To learn more about Centerline, visit www.centerline.com.