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""Guggenheim Partners, LLC"":http://www.guggenheimpartners.com/, a New York-based financial services firm with more than $100 billion in assets under supervision, is expanding its commercial real estate finance platform.
[IMAGE] [COLUMN_BREAK]The company recently announced that it has formed a new commercial real estate entity â€" Pillar Multifamily, LLC. And this new entity has acquired certain assets and assumed certain liabilities of Bulls Capital Partners, LLC, a Fannie Mae Delegated Underwriting and Servicing (DUS) multifamily lender.
""The Fannie Mae DUS program is the preeminent source of capital for the affordable and market rate multifamily industry,"" said Robert Brennan, head of the commercial real estate finance group at Guggenheim Securities, an affiliate of Pillar. ""It is a true distinction to be a member of this lending community, and the formation of Pillar Multifamily is a major component of the build-out of Guggenheim's commercial real estate finance platform.""
Although it has acquired Bulls' assets, Pillar has retained most members of the Bulls' team, including COO Mark Van Kirk and chief production office Robert Russell. In addition, Anand Gajjar, a senior managing director of Guggenheim, has been appointed interim CEO of Pillar.
