DENVER — Arbor Commercial Mortgage LLC, a New York-based commercial real estate lender, has appointed Ben Truitt as director of FHA in the company’s Denver office.
A 17-year commercial real estate finance veteran, Truitt will be responsible for providing capital for the refinance, acquisition and construction of multifamily and seniors housing through Federal Housing Administration, Fannie Mae, Freddie Mac and creative structured finance loans, including bridge, mezzanine and preferred equity funding options.
Prior to joining Arbor, Truitt began his commercial lending career as an originator with GMAC Commercial Mortgage. Since then, through various roles with GMAC, PNC Bank, Red Stone, AmeriSphere and ACRE, his healthcare and multifamily financing expertise includes a U.S. Department of Housing and Urban Development (HUD) Multifamily Accelerated Processing (MAP) designation. In his career, Truitt has been involved with the origination or underwriting of $570 million in closed loans.
Truitt is a member of the Urban Land Institute, University of Colorado Real Estate Council (CUREC), Colorado Health Care Association & Center for Assisted Living and the CFA Institute. He serves on the Education Committee for the CUREC and is also the Public Awareness Committee chair for the CFA Society of Colorado.
Truitt received his Master of Business Administration degree in real estate development and investments from the University of Colorado-Boulder, where he also received an undergraduate degree in mechanical engineering.