CHICAGO — Bellwether Enterprise Real Estate Capital LLC, the commercial and multifamily mortgage-banking subsidiary of Enterprise Community Investment Inc., has hired Richard “Rick” Lynn as senior vice president to lead the company’s new Seniors Housing Group.
Lynn will be based in the Chicago office, responsible for originating and placing commercial real estate loans for seniors housing properties. He has 30 years in commercial real estate finance and investment-banking experience.
Bellwether Enterprise was approved as a seniors housing lender for both Fannie Mae and Freddie Mac in 2018. As senior vice president, Lynn will work with individual, regional and institutional owners at both for-profit and nonprofit entities. The primary sources of capital will include Fannie Mae, Freddie Mac, FHA and exclusive life insurance company investors.
Prior to joining Bellwether Enterprise, Lynn worked for six years at Marcus and Millichap in investment sales, focusing exclusively on senior housing. His career in mortgage banking includes stints at Travelers Insurance, First Chicago Bank and GMAC Commercial Mortgage, among others.
Lynn is an active member of the National Investment Center for Seniors Housing & Care, the American Seniors Housing Association and LeadingAge. He holds a bachelor’s degree in industrial and operational engineering from the University of Michigan and an M.B.A. in finance from the University of Miami.