The new relationship will provide a broad set of solutions for the commercial real estate industry. Given Bellwether Enterprise’s capabilities with government lending programs, including Fannie Mae DUS, Freddie Mac, FHA, USDA and others, the relationsip will provide long-term agency financing through Bellwether Enterprise for Fifth Third’s clients in this environment when the government is becoming the dominant financing source for real estate assets.
Fifth Third Bank will gain access to Bellwether Enterprise’s permanent lender platform, including its agency relationships and long-term correspondent relationships with life insurance companies. It will also have access to invest in new market tax credits, low-income housing tax credits, workforce housing equity and other products provided by Bellwether Enterprise’s parent company, Enterprise.
The relationship will provide Bellwether the ability to leverage Fifth Third Bank’s short-term and construction-lending products and its treasury management, capital markets and investment solutions.