BWE Expands Presence in Arizona with Experienced FHA MAP Lender
Bellwether Enterprise Real Estate Capital LLC (BWE), the commercial and multifamily mortgage banking subsidiary of Enterprise Community Investment Inc. (Enterprise), announced today that Paragon Mortgage Corporation is joining BWE, expanding its presence in Arizona. Led by Jim Swanson, now executive vice president and originator, the team of experienced mortgage banking professionals will join BWE’s Phoenix office and continue their focus on federally-insured market rate, affordable multi-family and healthcare lending products.
“Jim and his team are bringing exceptional experience and relationships with federally-insured market rate and affordable housing to the Arizona office,” said Charlie Williams, executive vice president in BWE’s Phoenix office. “Their expertise paired with BWE’s servicing platform and tools will provide additional resources for the team’s existing clients and allow the Arizona team to offer additional lending products.”
Jim Swanson, who served as president and co-founder of Paragon Mortgage Corporation, has arranged over $3 billion in FHA-insured mortgage loans and been involved in market rate, affordable multi-family and healthcare real estate since 1981. Jim’s experience in affordable and senior housing led to his appointment to serve on the Congressional Commission on Affordable Housing and Health Facility Needs for Seniors in the 21st Century.
“Our long-standing relationships with FHA have helped us service our clients quickly and reliably,” said Swanson. “By joining BWE, we will have the ability to utilize even more financing options in our work to meet clients’ needs.”
Lilla Abegg-Swanson, senior vice president and originator, Linda Wills, senior vice president and originator, Kimberly Taynton, senior vice president and underwriter, Andrew Edelstein, underwriter, Landon Snapp, junior underwriter, Deidra Huerta, processor and Stacey Burdick, processor, will also join the team.
BWE provides flexible financing solutions for clients covering the entire spectrum of commercial and multifamily real estate. For more information on BWE’s products and services, visit us at: www.BWE.com
BWE is a national, full-service commercial and multifamily mortgage banking company. As a subsidiary of Enterprise Community Investment, BWE has production offices across the country and an integrated servicing platform based in Cleveland. With local market expertise, national lending relationships and financing structure experience, we provide clients with competitive, creative solutions for their financing needs. BWE provides loans for a range of institutional investors including life insurance companies, pension funds, commercial banks and CMBS lenders and is a Fannie Mae Delegated Underwriting and Servicing (DUS®) lender, Freddie Mac Optigo™ seller/servicer for Conventional and Targeted Affordable Housing Loans, Federal Housing Administration (FHA) approved Multifamily Accelerated Processing (MAP) lender and U.S. Department of Agriculture (USDA) Section 538 Rural Development lender.