Centerline Holdings Co

(OTC: CLNH)

Industry: Mortgage Finance
On the web: http://www.centerline.com
Employees: 375

Centerline Holding Company commenced operations in October 1997. The Company, through its subsidiaries, provides real estate financial and asset management services, including institutional debt and equity fund management, mortgage banking, and primary and special loan servicing. Operating on a fully integrated real estate finance and fund management platform, the Company provides capital at every layer of a property's capital structure and investment products at varied levels of the risk spectrum. The Company has four business groups: Affordable Housing, Commercial Real Estate, Portfolio Management and Credit Risk Products. Affordable Housing group mainly focuses on providing equity and debt financing to properties that benefit from the Low-Income Housing Tax Credit or other structures aimed at promoting the development of multifamily properties. Commercial Real Estate group provides a broad spectrum of financing and investment products for multifamily, office, retail, industrial, mixed-use and other properties throughout the United States. Portfolio Management group monitors commercial real estate loans and investments that the Company's Commercial Real Estate group originates and acquires for its own account and for the investment funds they manage and that its Affordable Housing group acquires. Credit Risk Products group provides credit support to affordable housing debt and equity products for its Affordable Housing group and third-parties. Credit Risk Products group earns income and cash flows from credit intermediation fees, received in advance, are generally deferred and recognized over the applicable risk-weighted periods, which generally comprise the life of the fund, on a straight-line basis. For those pertaining to the construction and lease-up phase of a pool of properties, the periods are generally one to three years. For those pertaining to the operational phase of a pool of properties, the period is approximately 20 years. Credit Risk Products group also earns interest from investing the capital maintained to support issued CDS. The Company faces competition both in terms of new competitors and new competing products. From time to time, the Company might be in competition with private investors, various financial institutions, GSEs such as Fannie Mae and Freddie Mac, mutual funds, domestic and foreign credit intermediators, investment partnerships and other entities with objectives similar. The Company's mortgage origination business within its Affordable Housing and Commercial Real Estate groups is subject to various governmental and quasi-governmental regulations.