NEW YORK, Aug. 26, 2021 /PRNewswire/ — Lument today announced that it has taken a significant step toward its goal of becoming the foremost provider of affordable housing solutions in the nation with the launch of a dedicated affordable housing investment sales and advisory group. Cliff McDaniel will head the initiative and serve as senior managing director. McDaniel has built one of the most successful affordable housing advisory and brokerage groups in the country and brings with him a seasoned team of affordable housing experts, including Derek DeHay and Chris Bergmann, who have been named managing directors. They will join Timothy Bracken, managing director, who moved to Lument earlier in 2021, as founding members of the group.
“From the start, our vision has been to create the industry’s leading comprehensive affordable housing platform – one that not only includes the full spectrum of debt solutions, but can also serve the evolving needs of clients by providing capital and brokerage services,” said James Flynn, Lument CEO. “Fielding an investment sales team of this caliber is an important element of this strategy.”
Both in its quality and range of services and expertise, the affordable housing investment sales and advisory group complements Lument’s FHA, Fannie Mae, Freddie Mac, and proprietary lending. Lument is the #1 FHA lender and the nation’s #6 affordable housing lender overall. Since 2017, members of the Lument affordable housing investment sales team…
