Centerline Capital Group Promotes Darrell Clark to Regional Director, Western Region
— Focus on California and Arizona Markets —
New York, NY — January 13, 2014 — Centerline Capital Group, a provider of real estate mortgage services for conventional and affordable multifamily housing, announced today it has promoted Darrell Clark to Regional Director for the Western Region. As Regional Director, he will be primarily responsible for originating Fannie Mae Small Loan transactions in California and Arizona. He will be reporting to Rick Warren, head of the Small Loan Division of the Mortgage Banking Group at Centerline. Clark will be based in Centerline’s Irvine, California office.
Centerline is one of the nation’s leading Mortgage Banking institutions in the multifamily sector. Its Small Loan Group, which is housed within the Mortgage Banking unit, provides loans between $1 and $5 million, with an average loan size of $1.8 million.
Clark joined Centerline in January 2010 as a Senior Underwriter and moved into the Deputy Chief Underwriter position in 2012. Prior to Centerline, he was with Greystone in Memphis and Pasadena.
“Darrell brings solid experience in both credit and relationship building areas to the origination team,” said Warren. “We are pleased to have him join our team and expect him to hit the ground running.”
Clark has an impressive track record of success in both credit analysis and in relationship building. In addition, he has 10 years of nationwide Fannie Mae experience and was involved with closing more than 300 transactions in almost 40 states.
Clark holds a bachelor’s degree from Rhodes College in Memphis, Tennessee. While at Rhodes he was captain of the football team.
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 $12.2 billion in loans, of which affordable housing makes up $3.1 billion. Founded in 1972, Centerline is headquartered in New York City, with 210 employees in 13 locations throughout the United States. To learn more about Centerline, visit www.centerline.com.