Following a year of strong fundamentals and record purchase volume, two of our Multifamily employees were named to Commercial Observer magazine's fourth annual 50 Most Important People in Commercial Real Estate Finance list.
David Brickman, EVP and head of Multifamily, and John Cannon, SVP of production, sales and marketing, both ranked 22nd on the list. Brickman has been on the list every year and this is the second year for Cannon.
To determine who makes the list, the magazine reviews public records, consults industry experts, and weighs performance data as well as industry stature and influence.
Commercial Observer stated, "If anyone in the commercial real estate lending space emerged as a major force in 2015, it was Freddie Mac, the national government agency that secures much of the multifamily lending in the U.S. Freddie Mac reported $47.3 billion in loan purchases and bond guarantees in 2015, including a record high of $5 billion in financing loans for lower income residents and $2.6 billion in loans for small apartment properties."
The publication noted that Freddie Mac has greatly expanded the types of loans it invests in, leading to significant growth in the type of properties and borrowers it works with.
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