Merchants Capital Completes its Largest Freddie Mac Q-Series Transaction Totaling $373.3M

April Moreland WASHINGTON, D.C. (May 13, 2026)—Leading financial services provider Merchants Capital today announced the addition of April Moreland as SVP, GSE Chief Underwriter, based in the company’s Washington, D.C. office. The hire supports the expansion of Merchants’ Government Sponsored Enterprise (GSE) platform with an elevated focus on operational consistency, transparency in underwriting decisions and efficient transaction execution. “April has established a legacy of driving growth, client engagement and risk management in commercial real estate and community banking,” said Naureen Dhanani, Executive Vice President of Credit and Operations at Merchants Capital. “Her leadership and proficiency at balancing credit discipline with diverse stakeholders’ needs will enable Merchants’ GSE platform to support more complex and scalable opportunities, adding greater value for our clients.” Moreland brings more than 15 years of leadership in GSE and affordable housing underwriting to her role, with expertise in low‑income housing tax credit (LIHTC), workforce housing, targeted affordable housing and complex agency executions. Previously, Moreland served as Director of Specialty Products at Citibank Community Capital, where she led agency strategy and execution, as well as balance sheet conversion initiatives, within its national affordable housing platform. She played a key role in strengthening credit quality, enhancing risk management frameworks and deepening agency relationships. Prior to that, she worked at Freddie Mac where, over six years, she progressed from Underwriting Professional within the Multifamily Specialty Products platform to Senior Director of Specialty Products. In that role, she directed the agency’s national Targeted Affordable Housing (TAH) underwriting platform and a staff of 40 specialists. Moreland holds a Bachelor of Science in Finance from the University of Illinois Chicago and a Master of Professional Studies (MPS) in Real Estate from Georgetown University. As one of the largest affordable lenders, Merchants Capital leverages Merchants Bank’s balance sheet and agency relationships to provide integrated, streamlined financing solutions for developers and owners. The company has achieved top GSE rankings, including: Freddie Mac: #3 Optigo® Targeted Affordable Housing Lender in 2025   Fannie Mae: #5 Producers for Multifamily Affordable Housing in 2025   To learn more about Merchants Capital and its services, visit www.MerchantsCapital.com or find Merchants Capital on Facebook, X, LinkedIn and Instagram.

CARMEL, Ind. (March 23, 2026)—Leading financial services provider Merchants Capital today announced more than $7 billion in financing provided in 2025, with assets under management reaching $30 billion. Marking its 35th anniversary, the company continued to leverage Merchants Bank’s robust balance sheet, LIHTC syndication platform and long-established agency lending relationships to deliver impactful financing solutions for its clients nationwide. "Merchants offers a comprehensive mix of solutions that support market rate, workforce and affordable lending,” said Andy Weil, Executive Vice President of Originations at Merchants Capital. “By pairing these solutions, with the flexibility to lend from Merchants Bank’s balance sheet, Merchants can deliver an expanding range of creative structures with greater speed and efficiency.” "With a renewed focus on our West Coast operations, Merchants continues to expand its national footprint, and the strength of our agency relationships is creating meaningful opportunities with new and existing sponsors,” said Justin Ginsberg, Executive Vice President of Originations at Merchants Capital. “We are carrying the energy and momentum of 2025 into the year ahead.” Merchants Capital also closed more than $700 million in equity investments across multi-investor, proprietary and state credit offerings—further strengthening the firm’s year-long performance and delivering innovative solutions to meet our clients’ needs. Merchants Capital achieved top government sponsored entity (GSE) lender rankings in 2025, including: Freddie Mac: #3 Optigo® Targeted Affordable Housing Lender in 2025  Fannie Mae: #5 Producers for Multifamily Affordable Housing in 2025  HUD: Top 10 HUD Lender in 2025  Other notable rankings include:   Freddie Mac: Top Lender of Forward Rate-Locks for 2024  AHF: #4 Affordable Housing Lender of 2024   MHN: #6 Top Multifamily Finance Firms of 2026  CPE:  #10 Top Commercial Real Estate Finance Firms of 2026  MBA: #2 Multifamily Affordable Total Originations for 2024  Commercial Observer: #33 on the Power Finance 2025 List; among the 50 most influential players in commercial real estate "Merchants Capital’s performance underscores the power of a collaborative and mission-driven culture,” said Mat Wambua, Vice Chairman and Executive Vice President of Agency Lending at Merchants Capital. “We are proud of the longstanding partnerships Merchants has built with developer partners and the shared commitment to improving the quality of life within the communities we serve.” To learn more about Merchants Capital and its services, visit www.merchantscapital.com or find Merchants Capital on Facebook, X, LinkedIn and Instagram.

CARMEL, Ind. (March 16, 2026) – Leading financial services provider Merchants Capital today announced the promotion of Jillian Standish to Executive Vice President and Chief Credit Officer for its national tax credit syndication platform. Since joining Merchants Capital in 2020, Standish has played a pivotal role in its growth, having managed the underwriting and credit risk for nearly 200 partnerships, representing more than $2.7 billion in equity under management across Merchants’ multi-investor, proprietary and state credit fund offerings. "Jillian has been a key executive leader on our platform since its inception, and I congratulate her on this well-deserved promotion,” said Julie Sharp, Executive Vice President of Tax Credit Equity at Merchants Capital. “Her diligence and commitment are well reflected in the areas she leads, and she brings a remarkable technical command of the nuances in tax credit equity to her role, along with a meaningful passion for the communities this industry supports.” Jillian Standish Prior to Merchants Capital, Standish provided consulting services for 10 years at Ernst & Young’s Tax Credit Investment Advisory Services group. She advised on federal and state monetizable tax credits, including low-income housing tax credit (LIHTC), the Historic Rehabilitation Tax Credit (HTC), New Markets Tax Credit (NMTC), renewable energy investments and production tax credits. Standish began her career as a child advocate at a family homeless shelter in East Boston and worked as a Section 8 and Massachusetts Rental Voucher Program Representative at Metro Housing Boston. She also served as a project manager for affordable housing developments receiving federal and state soft debt financing at Massachusetts Executive Office of Housing and Livable Communities. Currently, Standish serves as Treasurer and is a member of the board of directors of the Housing Corporation of Arlington in Massachusetts. She holds a Master of Business Administration (MBA) from Boston University’s Questrom School of Management and a Bachelor of Arts (BA) from Bucknell University. To learn more about Merchants Capital and its services, visitwww.merchantscapital.com or find Merchants Capital on Facebook, X, LinkedIn and Instagram.