Boston’s Tremont Realty Capital LLC, with Hartford operations, signed a correspondent lending pact with federal mortgage lending affiliate of global asset manager Guggenheim Partners.
Tremont will originate Fannie Mae-eligible apartment and other multifamily loans for Pillar Multifamily LLC’s network beyond southern California, both firms announced Monday.
Financial terms weren’t disclosed.
Tremont didn’t immediately respond Monday to a phone call about the pact.
Guggenheim Partners manages $125 billion in assets owned by individuals, corporations, governments, pension funds and others scattered worldwide.
Tremont is a middle-market asset investor-manager with some $780 million dialed in to U.S. residential and commercial properties. It claims to have raised some $4 billion since its founding in 2000. It also has offices in New York, Chicago, Newport Beach, and Washington D.C.
