RICHMAC Funding LLC Announces Approval as a Freddie Mac Targeted Affordable Housing Seller Servicer

RICHMAC Funding LLC, an affiliate of The Richman Group of Companies, one of the nation's leading housing organizations, is now a Freddie Mac Targeted Affordable Housing (TAH) Seller Servicer.

| Source: RICHMAC Funding LLC

ST. PAUL, Minn., Aug. 23, 2014 (GLOBE NEWSWIRE) -- via PRWEB - RICHMAC Funding LLC (RICHMAC), an affiliate of The Richman Group of Companies (Richman), has been approved as a Freddie Mac Multifamily Targeted Affordable Housing Seller/Servicer.

The approval from Freddie Mac allows RICHMAC to offer clients the Agency's complete platform of affordable multifamily mortgage structures. In addition to being a Freddie Mac TAH Seller/Servicer, a Fannie Mae Affordable Lender, a FHA MAP and LEAN Lender and a Ginnie Mae Issuer/Servicer, RICHMAC has access to a full suite of multifamily loan products from affordable to market rate. Additionally, RICHMAC has the ability to work in conjunction with the Richman tax credit equity group to streamline efficiencies associated with affordable debt and equity.

Over the last quarter-century, Richman has thrived and grown into one of the nation's ten largest residential property owners. Richman and its affiliates have structured and sponsored real estate investment funds that have surpassed 1,300 properties acquired. Through public and private offerings, the firm has raised over $10 billion of equity dollars that have been invested in multifamily real estate transactions located across the country.

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Marsha Goff

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