HUD's rankings highlight lenders in areas of multifamily and health care real estate for lending volume.
Regions Bank on Wednesday announced its Real Estate Capital Markets division, a national multifamily and health care real estate lender, achieved a top lender ranking in four categories from the U.S. Department of Housing and Urban Development (HUD).
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Regions Bank's Real Estate Capital Markets division was recently named a top HUD lender among Multifamily and Healthcare Real Estate Lenders. (Photo: Business Wire)
During HUD's 2024 fiscal year, Regions received firm commitments totaling $500 million for multiple asset types. The key HUD 2024 rankings include:
- Regions ranked #7 nationwide for dollar volume of multifamily firm commitments received.
- Likewise, Regions ranked #7 nationally for dollar volume of multifamily loans closed.
- Regions is among the nation's top 10 multifamily and health care lenders for dollar volume of health care firm commitments received.
- Similarly, Regions is in the top 10 for dollar volume of health care loans closed, and of the banks included, completed the second largest in dollar volume of health care loans closed.
"Across the nation, there are many lenders working with multifamily and health care clients, and to secure such high rankings is a testament to the quality of Regions' teams and our commitment to a superior client experience," said Troy Marek, head of Real Estate Capital Markets for Regions Bank. "Through all market cycles, we are here to help clients take a tailored approach toward reaching their goals. And our team is proud to support HUD in its mission to provide liquidity in these critically important asset classes."
"Our rankings are a testament not only to the work our team is doing to help expand access to critical affordable housing that Americans need, but to Regions' continued growth in this lending sector and to the highest level of service we provide our valued real estate borrowers," added Stephen Chasteen, managing director and FHA/HUD platform program manager for Regions Real Estate Capital Markets.
Regions Real Estate Capital Markets serves clients with a comprehensive suite of agency financing solutions for the construction, acquisition, and refinance of real estate. The group's loan products serve borrowers and properties across all major multifamily and health care real estate asset types. These loan products complement Regions Bank's additional shorter-term balance sheet loan offerings for these asset classes, highlighting the bank's ability to serve borrowers at various stages and needs.
Regions Real Estate Capital Markets is a Morningstar-rated Commercial Mortgage Primary Servicer with a CS2 ranking and Commercial Mortgage Special Servicer with a CS3 ranking, an S&P Global-rated Commercial Mortgage Loan Special Servicer with an average ranking, as well as a Fitch-rated Commercial Primary Servicer with a CPS2 rating and Commercial Special Servicer with a CSS3+ rating.
Explore the comprehensive multifamily and health care real estate loan programs provided by Regions Real Estate Capital Markets in the Real Estate Capital Markets section of Regions.com.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $157 billion in assets, is a member of the S&P 500 Index and is one of the nation's largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,250 banking offices and more than 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.
About Regions Real Estate Capital Markets Group
Regions Real Estate Capital Markets is a diversified multifamily, seniors housing and healthcare real estate lender that keeps borrowers and brokers ahead of the curve with comprehensive debt solutions encompassing agency options. SNAP®, the lender's proprietary technology platform, supports origination and servicing while enhancing the customer experience. For more details, visit Real Estate Capital Markets | Regions Bank.
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Media Contact:
Jennifer Elmore
Regions Bank
Regions News Online: regions.doingmoretoday.com
Regions Media Line: (205) 264-4551