Guggenheim Partners' Affiliate, Pillar Multifamily, Announces ...

Guggenheim Partners’ Affiliate, Pillar Multifamily, Announces
Correspondent Agreement With George Elkins Mortgage Banking
NEW YORK – JUNE 22, 2011 – Pillar Multifamily, LLC, an affiliate of Guggenheim
Partners, and George Elkins Mortgage Banking (GEMB) today announced that their
correspondent lending agreement has been approved by Fannie Mae and is effective
immediately.
GEMB will be the exclusive channel for Fannie Mae eligible mortgage loans originated in
Southern California for Pillar. Pillar will provide GEMB with local underwriting support to
facilitate transaction flow.
“As a leading player in the southern California commercial real estate market, GEMB will be
an important partner for us in a key region as we continue to grow our Fannie Mae DUS ®
business and build out the broader Guggenheim commercial real estate platform,” said Robert
Brennan, senior managing director and head of Guggenheim Commercial Real Estate
Finance.
“We are honored to work with Pillar,” said GEMB principal Jeff Hudson. “As one of only a
handful of Fannie Mae DUS providers, and with the significant resources of Guggenheim
Partners supporting them, Pillar is able to provide us with unrivaled access to capital.”
About George Elkins Mortgage Banking
Founded in 1922 by George Elkins and continuing through a partnership including thirdgeneration
Elkins Principal Steven Hinds, GEMB has originated commercial and multi-family
real estate loans from California throughout the nation for 90 years. As a correspondent to life
insurance companies and financial intermediary for borrowers to banks, CMBS, public and
private equity, and others, GEMB offices originate and service over one billion dollars in real
estate loans annually.
About Guggenheim Commercial Real Estate Finance and Guggenheim Partners
Guggenheim Commercial Real Estate Finance, LLC is a national CRE lending business which
sources, underwrites, funds and services commercial mortgages from six offices throughout
the United States. GCREF originates a broad array of loan types for multiple capital sources
including Guggenheim’s own portfolio, for our clients on a discretionary basis through
managed accounts and fund arrangements, and for execution in the capital markets
(securitization and syndication).

Through our affiliate, Pillar Multifamily, LLC, a Fannie Mae Delegated Underwriting and
Servicing (DUS ® ) lender, we offer a full array of financing solutions to owners of multifamily
properties. Pillar’s capabilities include small loan solutions, market-rate multifamily
mortgages, and credit facilities.
Guggenheim Partners, LLC is a diversified financial services firm with more than $100
billion in assets under supervision. The firm’s businesses include investment management,
investment advisory, insurance, investment banking and capital markets services. The firm is
headquartered in Chicago and New York with a global network of offices throughout the
United States, Europe and Asia. For more information, please visit
www.guggenheimpartners.com.
# # #
For more information please Media contact:
Jeffrey Kelley
Guggenheim Partners
(312) 977-4029
Jeffrey.kelley@guggenheimpartners.com
Jeffrey Hudson
George Elkins Mortgage Banking
(310)-979-5749
jhudson@gemb.com
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