Finance

People on the Move 12.3.21| Housing Finance Magazine

Wells Fargo Appoints Head of Community Lending and Investment Group

Wells Fargo & Co. has appointed. Vanessa Rodriguez To chair the Community Lending and Investment (CLI) within the Commercial Real Estate (CRE) group. CLI is one of the largest investors in affordable multifamily housing in the United States as well as an active lender of affordable housing projects. In this role, Rodriguez will oversee all debt and equity financing of affordable multifamily housing and community developments.

Vanessa Rodriguez

Rodriguez will report to Kara McShaneChairman of the Commission for Racial Equality.

In 2020, CLI made more than $4.9 billion in capital commitments via NMTCs, Low Income Housing Tax Credits (LIHTCs), CDFIs, and construction lending.

During her 20-year career with Wells Fargo, Rodriguez has held various relationship manager positions in real estate banking, commercial banking, and commercial real estate exercises. For the past five years, she has held the position of Common Market Manager for the Greater San Francisco Bay Area within Real Estate Banking. Prior to that, she held the position of Common Market Manager for the New York region. She managed a total loan portfolio of approximately $8.5 billion and led several high-profile transactions, including the development of the Wells Fargo business at Hudson Yards. Rodriguez joined Wells Fargo in 2002 as a summer analyst and completed the credit management training program in 2005.

Wells Fargo CLI specializes in providing debt and equity capital to organizations that provide economic development and affordable housing in communities in need nationwide. Primarily focused on economic redevelopment and housing development nationwide, it is one of the largest investors in affordable and multi-family housing in the United States, as well as an active lender to affordable housing projects.

McFadden joins LIIF

Stephanie McFadden He was appointed Chief Lending Officer (CLO) for the Low Income Investment Fund (LIIF), a national CDFI. Headquartered in the San Francisco office, it is responsible for spreading the organization’s capital across its platform, including LIIF’s Revolving Loan Fund, NMTC allocations, federal support programs, and debt financing businesses.

Stephanie McFadden
Stephanie McFadden

McFadden is also responsible for implementing the LIIF impact lending strategy and managing and supporting relationships with borrowers and stakeholders.

She has over 20 years in commercial real estate with a focus on affordable, multifamily housing debt products. McFadden has depth of knowledge in all aspects of multifamily housing, including finance, development, construction, and asset/service management. Prior to joining LIIF, she was a Senior Consultant in the Multi-Family Production Office at the Ministry of Housing and Urban Development (HUD). She previously held positions at CBRE Group, PNC, Vitus Group and ARCS Commercial Mortgage.

In addition, she serves as the Assistant Chair of the Urban Land Institute’s Affordable Housing and Workforce Council and has held board positions and previous memberships on the Western Mortgage Advisory Board and the Mortgage Bankers Association.

KeyBank adds a veteran affordable housing expert to the team

KeyBank Community Development Lending and Investment (CDLI) has appointed Ted Wait As one of the leading bankers in the Midwest region. It will focus on KeyBank’s community development banking efforts in the north-central states, which are part of the bank’s plan to grow affordable housing.

Ted Wait
Ted Wait

The move comes as KeyBank continues its commitment to providing affordable housing across the country, with a focus on expanding its CDLI platform. Witt is located in Omaha, Nebraska, and reports to Greg Keeger, CDLI Midwest Area Manager.

Witt has nearly 25 years of affordable housing and LIHTC experience in finance, development and consulting. Prior to joining KeyBank, he was a Business Development Officer focused on LIHTCs at Horizon Bank, where he was responsible for coverage of 13 states. Previously, Witt was Director of Development at Kittle Property Group. He also served as Head of Operations and Director of Asset Management at Midwest Housing Equity Group. Witt began his career as a financial analyst at the First National Bank of Omaha.

KeyBank CDLI funds projects that stabilize and revitalize communities in all 50 states. As one of the nation’s top providers of housing and community development capital, KeyBank’s platform combines build, buyout, bridge to resettlement and custody loans, as well as lines of credit and agency, HUD perpetual mortgage execution, and equity investments for high-income housing projects. Low, especially LIHTC financing.

Wrzosek Joins NewPoint Real Estate Capital

Rob and Rossik He was appointed Managing Director and Head of Non-Agency Affordable Strategies at NewPoint Real Estate Capital.

Join NewPoint as the company incorporates affordable housing as a key component of its comprehensive lending strategy. He is responsible for developing non-proprietary culling and managing future investments in affordable housing.

Rob and Rossik
Rob and Rossik

Wrzosek brings more than 24 years of affordable housing and financial expertise to the company, building on a group of veterans driving the expansion of the company’s suite of financing solutions. He was most recently with BlueFin Capital Management, where he managed a debt fund focused on financing affordable housing and workforce projects. Prior to BlueFin, Wrzosek was responsible for the Federal Housing Administration (FHA) affordable housing finance business at Berkeley Point (now Newmark). Wrzosek is also the former president of the Hunt Mortgage Group and has operated tax-free affordable housing securitization and credit Suisse’s tax equity loan platforms.

NewPoint is a joint venture of Meridian Capital Group and Barings. Launched in the second quarter of this year, the company is Fannie Mae DUS Lender, Freddie Mac Optigo Servicer, HUD/FHA Multifamily Accelerated Processing and LEAN Lender. In addition, NewPoint offers a variety of private lending products and programs.

Meta Housing Expands Leadership Team


Taylor Rasmussen And Lauren Missiri Promoted to Vice President of Development at Meta Housing Corp. , a Los Angeles-based developer, owner and operator of affordable housing.

Rasmussen previously worked as development manager and managed the closing of construction financing for more than 800 affordable housing units. Rasmussen plays an integral role in the development and management of key industry partnerships, as well as the recruitment and retention of development team members.

Missiri, who held the position of Director of Development, joined Meta Housing as a Project Manager in 2017. She has extensive experience in the affordable housing sector, with previous experience including project management positions at Skid Row Housing Trust. During her tenure at Meta Housing, Missiri managed complex financial transactions and expansion into new markets, resulting in the development of more than 800 units across the state.

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