CARMEL, Ind. (Nov 11, 2019) – Leading mortgage banking company Merchants Capital today proudly announces it has relocated its New York City office as part of the company’s strategy to expand its national lending footprint while accommodating current and long-term growth.
Located at 777 Third Ave. in Midtown Manhattan, the office is one of Merchants’ four production hubs nationwide, in addition to Indianapolis, Chicago and Saint Paul. The new space provides the company with significantly more space to better meet the demands of its growing workforce within New York City. 777 Third Avenue is a 38-story, class A landmark office tower known for its open public areas and distinctive artwork.
“We are thrilled to open our relocated New York office in the heart of Midtown East,” said Michael Dury, President of Merchants Capital. “Building a strong team has been a critical component to our success. Moving into a larger, more collaborative space is crucial to further growing our brand and attracting new employees on the East Coast.”
Mathew Wambua, Head of Agency Lending at Merchants Capital, is leading the New York team. His recent production helped catapult Merchants Capital into Affordable Housing Finance’s Top 10 Affordable Housing Lenders for 2018, the highest ranking in company history.
Joining Wambua in the new office are Loan Originators Ben Levine and Michael Milazzo. Rounding out the space is the underwriting team led by Chief Underwriter Jessica Cherepski and Deputy Chief Josh Canan, who are each recognized in the industry for their knowledge of complex affordable multifamily underwriting.
“Our new workspace will allow our employees to operate in a highly communal and efficient manner while also enabling us to perform even better for our clients,” Wambua said. “This space makes us all the more equipped to utilize the tools at our disposal to directly benefit our clients, including expanding on our commitment to innovation and the efficient closure of multifamily loans through the support from our banking operation, Merchants Bank.”
The relocation comes after Merchants Capital’s recent ribbon cutting of its new, 120,000-square-foot headquarters in Indianapolis, as well as the opening of a loan production office in Chicago.
Since its inception, Merchants Capital has closed more than $13.8 billion in loans and currently services loans in excess of $10 billion. The company continues to seek driven employees for a number of positions in all four offices.