Merchants Capital Promotes Chris Messmann to Executive Vice President in its Tax Credit Equity Division

CARMEL, Ind. (April 24, 2023) – Leading financial services provider Merchants Capital today announced the promotion of Evan Gibson to Executive Vice President, Capital Markets. Gibson leads the platform, which creates liquidity and capital relief for Merchants Bank and aids Merchants Capital in providing innovative financing solutions for multifamily and affordable housing developments nationwide. He previously served as Senior Vice President. Gibson’s team has securitized or transferred risk on more than $5.2 billion in multifamily and healthcare loans from Merchants Bank’s balance sheet, resulting in significant capital relief. The team has expanded Merchants’ pool of institutional investors and risk transfer structures, assumed greater ownership in investor relations, and executed multiple innovative securitizations under the Freddie Mac Q-Series program.   Evan Gibson Gibson originated Merchants’ capital markets platform in 2020, growing it from a one-person operation to a team that plays a strategic role in the Merchants ecosystem. “Evan’s achievements would be significant in any market, but to consistently execute through the recent interest rate and market cycle is remarkable,” said Brian Sullivan, Chief Operating Officer at Merchants Capital. “The strength in Merchants’ capital markets and investor relations platforms is a direct reflection of Evan’s leadership—now evidenced in the multifaceted team he is growing. We applaud his well-deserved promotion and look forward to his continued impact on our company." Previously the head of direct lending at a top U.S. Department of Housing and Urban Development (HUD) lender, Gibson also worked as a commercial mortgage-backed securities (CMBS) bond trader and market maker at Bank of America Merrill Lynch. Gibson is a military veteran and former Infantryman in the United States Marine Corps. He holds a bachelor’s degree in mathematics from the University of Washington.  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 13, 2024) – Leading financial services provider Merchants Capital today announced that it provided more than $6.2 billion in debt and $656 million in tax credit equity financing for 2023. The company leveraged the Merchants Bank balance sheet for more than $4 billion in production and ended the year with more than $25 billion in assets under management.     Merchants Capital achieved top government-sponsored enterprise (GSE) lender rankings in 2023, including: • #1 Freddie Mac Multifamily Optigo® TAH Lender • Top 5 Fannie Mae 2023 Producers for Multifamily Affordable Housing “It’s been phenomenal to see the evolution of our partnerships with Freddie Mac, Fannie Mae and HUD,” said Dwayne George, Executive Vice President, Agency Production at Merchants Capital. “Continued investment in the platforms will drive greater efficiencies for creative structures and solutions for our clients. Accolades are a great measure of past success; however, the executive team remains grounded in our client-centric mission, vision and values to chart out a path for the future.” The company also attained rankings that include: • Top 10 HUD Lenders of 2023 • #7 Top Mortgage Banking and Brokerage Firms of 2024 by Multi-Housing News • #10 Top Commercial Mortgage Banking and Brokerage Firms of 2024 by Commercial Property Executive Merchants was previously named the #3 Multifamily Affordable Lender by the Mortgage Bankers Association and the #2 Top Affordable Lender of 2022 by Affordable Housing Finance. “Our ability to provide innovative debt products for both market rate and affordable housing projects allows our partners to execute on their financing needs—despite challenging market conditions,” said Lee Oller, Executive Vice President, Originations and head of Merchants’ Chicago office. “It is rewarding to see a growing number of communities being enriched as a result. We thank our clients for their vision and our team for their commitment.” Merchants continued to execute innovative capital markets strategies, closing two securitizations in 2023: a $304 million Freddie Mac Q-Series transaction, the company’s fourth since 2021, and a $1.13 billion Capital Relief Trade (CRT) transaction backed by healthcare commercial real estate (CRE). The CRT is the market’s first such securitization collateralized by CRE assets. It was awarded Honorable Mention for the 2023 North American Transaction of the Year by Structured Credit Investor. Merchants’ tax credit equity platform posted unprecedented growth since its launch in 2021. The platform recently surpassed $1.4 billion in equity raised in three years and posted back-to-back fund closings in December 2023 and January 2024 of more than $430 million. “We gained market share last year despite a pullback from many different lenders and investors,” said Michael Dury, President and Chief Executive Officer at Merchants Capital. “I continue to be very impressed with the execution of our team at Merchants and I am particularly grateful for the trust and the commitment of our industry partners.” Merchants is headquartered in Carmel, Ind. with offices in New York City, Minneapolis-St. Paul, Chicago, Boston and Washington, D.C. To learn more about Merchants Capital and its services, visit www.merchantscapital.com or find Merchants Capital on Facebook, X, LinkedIn and Instagram.

NEW YORK (Feb. 27, 2024)—The New York office of leading financial services provider Merchants Capital today announced a total production volume of $1.7 billion for 2023, surpassing its record-breaking $1.3 billion debt production volume in 2022. These numbers financed the construction and preservation of affordable, multifamily and senior housing nationwide, and notably include $367 million in forward takeouts. “Despite a challenging interest rate environment that has broadly depressed origination volume, Merchants continues to grow and outperform competitors,” said Mat Wambua, Vice Chairman and EVP, Agency Lending at Merchants Capital. “We are proud of our innovation, nimbleness and strong partnerships with clients equally committed to affordable housing. We thank our partners for their continued support.” Merchants Capital regularly collaborates with the New York City Housing Authority (NYCHA), New York City Housing Development Corporation (HDC), Department of Housing Preservation & Development (HPD) and New York Housing Development Corporation (HDC), New York State HFA, Freddie Mac and Fannie Mae. Nationally, Merchants Capital provided nearly $7 billion in debt and equity financing for a variety of multifamily projects during 2023. It was recently named the #1 Freddie Mac Multifamily Optigo® TAH Lender and ranked among the Top 5 Fannie Mae 2023 Producers for Multifamily Affordable Housing and the Top 10 HUD Lenders of 2023. To learn more about Merchants Capital and its services, visit www.merchantscapital.com or find Merchants Capital on Facebook, X, LinkedIn and Instagram.