A major residential lender has announced the launch of a commercial division.
Freedom Mortgage Corporation has touted the launch of its new commercial real estate lending division. The new division will be based in New York and managed by industry veterans Mary Davenport, Nichole Kim and Shawn Townsend.
Initially, the team will focus on first mortgage originations from $2 to 10 million in size for CMBS execution.
"I am thrilled to join Freedom Mortgage and build this new division along with two such talented colleagues,” Davenport said. “Nichole and Shawn add tremendous value to our team.”
Davenport joins Freedom Mortgage after three years with RBS Securities, and her role as a Partner and Portfolio Manager for Vertical Capital. Kim comes to Freedom after three years at Rialto Capital with a background in origination for Nomura and CSFB. Townsend was most recently managing partner at Velocity Advisors, and prior to that head of capital markets at Gramercy Capital.