BOSTON – Merchants Capital, recently recognized as the #3 multifamily affordable lender nationwide by the Mortgage Bankers Association (MBA), has opened its sixth regional office location in Boston. After two years of record-breaking success, which included $7 billion in debt financing closed and over $248 million in tax credit equity raised in 2021, the expansion of Merchants into Boston doubles down on the firm’s commitment to growth, particularly in the affordable housing and tax credit equity space.
Located in the Prudential Center in Boston’s Back Bay neighborhood, the new office will expand to 20 full-time employees, with a primary focus on the firm’s tax credit equity syndication division.
“Since our equity platform launched in late 2020, we’ve made key investments in talent in the Boston market and established our platform as an emerging national leader in tax credit syndications with over $335 million in equity raised in 18 months,” said Julie Sharp, Executive Vice President at Merchants Capital. “The success we’ve enjoyed in our equity division is a complement to our robust and nationally-ranked debt platform and has positioned us as a leading full-service financing provider for affordable housing.”
“Our expansion into Boston enables us to attract top talent from the region and foster new partnerships with affordable housing sponsors in the Northeast. We look forward to continued success from our Boston team in the coming months.”
Merchants Capital continues to seek driven employees for a variety of positions at all six offices: Boston, Chicago, Indianapolis, Minneapolis-Saint Paul, New York and Washington, D.C. For career opportunities, visit our careers page.