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November 28, 2018

Meg McElgunn: Taking the Reins Out West

David Leopold
Article By
Meg McElgunn, Senior Director of Multifamily Production & Sales

I know it sounds cliché, but there really is no place like home – especially one where you make home possible for others. That’s what Freddie Mac is to me.

When I left Freddie Mac over six years ago to become a principal for a small commercial real estate finance firm, I didn’t realize just how much the relationships I built with Multifamily Sellers and Borrowers meant to me. Even more than that, the mission we serve – to provide affordable housing to those in need – is something that truly inspires me.

I returned to Freddie Mac Multifamily in late September to become the Small Balance Loans (SBL) Production & Sales Senior Director of the Central and Western regions, partnering with Dave Cardwell, who’s now primarily focused on the Northeast and Southeast regions. Since I’ve been back, I’ve traveled all over to meet the SBL team and Sellers – from Seattle to Los Angeles/Irvine and Chicago to Dallas. It’s a changing and increasingly competitive landscape out there, but affordability has never been more important.

One thing that struck me during my travels is how committed our SBL Borrowers are to affordable housing. They genuinely care about their properties – it’s easy to pick out an SBL property by its new coat of paint or better quality of upkeep. The Borrowers care because, most of the time, they live in the communities they serve and are tied to its success and wellbeing. The SBL Borrowers I’ve met aren’t in it for a quick buck; their priority is to lift up their communities and the people that live there. It’s something that really resonates and fuels me – everyone deserves a safe, affordable place to live.

It’s good to be home again. I’m looking forward to expanding our SBL footprint further in this competitive marketplace and helping even more Borrowers positively impact their communities.

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