Commercial/Multifamily Briefs from Seyfarth, Marcus & Millichap Capital Corp., M&T Realty Capital Corp.
Seyfarth Pledges To Advance Women And DEI In Commercial Real Estate
Law firm Seyfarth became one of the first signees of CREW Network’s CRE Pledge for Action, an industry-first CEO-driven initiative to advance women and elevate actions encouraging greater diversity, equity and inclusion in commercial real estate.
The pledge supports the advancement of women and other individuals in underrepresented groups including but not limited to race, ethnicity, sexual orientation, ability, religion and age. Seyfarth committed to adopt the following six goals:
–Partner with CREW Network to support their mission to transform the industry by advancing women and begin efforts now to make change.
–Close the compensation gap in the industry by conducting a pay equity study in the firm.
–Increase inclusion in the firm through senior executive sponsorship of women and/or other individuals in underrepresented groups within the firm.
–Advance women to the firm’s top roles to achieve gender diversity in leadership.
–Increase diversity in the firm and in the industry through intentional recruiting and hiring of individuals from diverse backgrounds.
–Implement accountability strategies in the firm to measure progress.
Click here for more information about the pledge.
Marcus & Millichap Capital Corp., M&T Realty Capital Corp. Announce Alliance
Marcus & Millichap Capital Corp., Calabasas, Calif., entered into a strategic alliance with M&T Realty Capital Corp., Baltimore.
The alliance will enable MMCC to provide clients with increased access to M&T Realty Capital’s affordable and conventional multifamily agency financing. M&T Realty Capital is a Fannie Mae DUS lender and an approved Freddie Mac multifamily lender for Freddie Mac’s Conventional and Targeted Affordable Housing loans.
The alliance includes a preferred stock investment in M&T Realty Capital and the ability for MMCC to indemnify M&T Realty Capital for 50% of the credit risk losses for certain loans originated by MMCC through M&T Realty Capital’s Fannie Mae DUS platform. The strategic alliance will enable MMCC originators to access M&T Realty Capital’s streamlined underwriting and efficient transaction execution in this critical capital markets segment.
Under the agreement, MMCC originators will continue to have the ability to clear the market on behalf of each client. Additionally, they will have access to M&T Realty Capital’s dedicated tools, resources, and expansive lending capacity, which are expected to significantly grow agency market share for MMCC’s sourcing business and M&T Realty Capital’s loan origination business.