MunieMae (MMA) Loan

WHP provided a $23mm 1st mortgage secured by a portfolio of assets owned by MunieMae. MunieMae’s portfolio is comprised of multifamily debt, equity and other real estate investments originated for its own account and on behalf of others such as Fannie Mae, Freddie Mac, FHA/HUD, insurance companies and conduits. Shortly after originating the 1st mortgage WHP provided an additional 2nd mortgage of $6mm secured by the same asset collateral pool. The loan was paid off in less than 100 days and resulted in a blended 74% IRR.

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