Pillar Financial, LLC ( Pillar ), an affiliate of Guggenheim Partners, LLC, today announced the acquisition of St. James Capital, L.L.C. ( St. James ). Based in Bloomfield Hills, Michigan, St. James is led by Mark Wiedelman and Nancy Ludwick, who founded the company in 1999. Both Mark and Nancy will hold an ongoing interest in Pillar Financial.
St. James is a MAP-approved Federal Housing Administration (FHA) lender and an approved Ginnie Mae multifamily issuer specializing in construction and permanent multi-family debt financing. St. James focuses on long-term permanent, new construction, and substantial rehab financing for affordable and market rate properties and is an approved Lender under the Section 223(f) Low Income Housing Tax Credit Pilot program of the U.S. Department of Housing and Urban Development ( HUD ). All loan servicing is retained by St. James. For HUD's fiscal year ending September 30, 2012, St. James ranked eighth nationally in terms of the number of HUD-insured multifamily loan closings.
Adding St. James to our portfolio is a significant step in Pillar's growth trajectory. With St. James, we will now be able to add FHA products to our strong existing suite of capital solutions, said Robert Brennan, Senior Managing Director and Head of Guggenheim's Commercial Real Estate Finance Group. I am very excited about the opportunities for adding new lending programs to our multifamily platform that will come from the incorporation of St. James into Pillar and for the multiplier effects it will have on the broader Guggenheim commercial real estate platform.
Pillar CEO Anand Gajjar remarked, We are very excited to be welcoming the St. James team to the Pillar platform. St. James and Pillar share many important cultural values including a conservative approach to business and a relentless focus on excellence, making the two organizations a great fit for each other. Mark, Nancy and the rest of the St. James team are true experts in their field and have built a top notch organization to service the market. Their expertise, insights and focus will no doubt add value to our business and customers immediately.
Mark Wiedelman, Managing Director at St. James, said, St. James' long time focus on the FHA Multifamily loan products and strength in affordable housing financing, makes this combination a tremendous opportunity for all of our clients. Pillar's Fannie Mae capabilities combined with Guggenheim's Commercial Real Estate Finance products as well as St. James' FHA experience, will enable us to offer the finest and most innovative line of multifamily financial products available in the market. I am thrilled to be a part of this group and look forward to the future.
Mark Wiedelman, Managing Director, has over 30 years of experience in the commercial real estate industry and will remain President of St. James. His focus is the development of new business opportunities within the affordable financing area utilizing all the Guggenheim loan programs. Nancy Ludwick, Managing Director, remains Senior Vice President and Chief Underwriter of St. James. She is a licensed real estate broker with over 25 years of experience in the commercial real estate industry. Her experience encompasses all aspects of commercial mortgage financing from origination and underwriting to closing and loan servicing.
Beekman Advisors served as advisor to St. James in this transaction.
About Pillar Multifamily LLC
Besides St. James, Pillar's other principal asset is Pillar Multifamily, LLC, (Pillar MF) a Fannie Mae Delegated Underwriting and Servicing (DUS ) lender. Started in 2010, Pillar MF offers a full array of financing solutions to owners of multifamily properties including financing solutions for market-rate and affordable-housing multifamily mortgages, student housing, senior housing, manufactured housing and credit facilities.
About St. James Capital, L.L.C.
St. James Capital, L.L.C., located in Bloomfield Hills, Michigan, specializes in multifamily financing for non-profit and for profit developers/owners. Debt financing includes long-term permanent, new construction, substantial rehab, acquisition and refinancing of both affordable and market rate properties.
About Guggenheim Partners, LLC Guggenheim Partners, LLC is a privately held global financial services firm with more than $160 billion in assets under management. The firm provides asset management, investment banking and capital markets services, insurance, institutional finance and investment advisory solutions to institutions, governments and agencies, corporations, investment advisors, family offices and individuals. Guggenheim Partners is headquartered in New York and Chicago and serves clients around the world from more than 25 offices in eight countries. For more information about Guggenheim Partners, visit guggenheimpartners.com.
Media Contacts:
Brunswick Group
212.333.3810
Most recent headlines
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
07/10/2026
Dalet, a leading technology and service provider for media-rich organizations, today announced the latest Long-Term Supported (LTS) release of Dalet Flex. Build...
06/09/2026
June 9 2026, 23:00 (PDT) Dolby and MagentaTV Bring Fans Closer to the FIFA Worl...
20/08/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
20/08/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
20/08/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
20/08/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
20/08/2026
IPC Expands Brazilian Presence with New Channel Partner CCATech
Industry veterans Carlos Abrah o and Bruno Lopes strengthen local support and expand IPCs prese...
20/08/2026
Zixi Enters Mauritius Market Through Strategic Deployment with MTC Jockey Club
Worlds Oldest Horse Racing Club in the Southern Hemisphere Selects Zixis Softwar...
20/08/2026
LA JOLLA, CA-Scripps Research assistant professor Tiantian Liu has received a five-year NIAID DP2 award from the National Institute of Allergy and Infectious Di...
20/08/2026
Audiences reveal appetite for multicultural Australia on-screen 20 August 2026
Dr Georgie McClean, Dr Rebecca Huntley (L-R)
By Dr Georgie McClean and Dr Rebec...
20/08/2026
How Mavis Studio Is Expanding Live Production Teaching at Sussex
Brie Clayton August 19, 2026
0 Comments
Hero image displays a student about to mix be...
20/08/2026
Vertical Unscripted Series Legal Queens Captured with Blackmagic Design
Brie Clayton August 19, 2026
0 Comments
Reality TV veteran Eric Gardner create...
19/08/2026
As the cost of IP nears price parity with traditional SDI, Reynolds argues that ...
19/08/2026
A private 5G bubble was chosen instead of traditional broadcast RF for the race ...
19/08/2026
(L-R) Rafael Manuel and Isabel Sicat attend the Filipi ana premiere during the 2026 Sundance Film Festival at The Ray Theatre on January 23, 2026, in Park Cit...
19/08/2026
Studio owners invited to have their say on rates cuts
The Music Producers Guild (MPG) are inviting UK-based studios to take part in an in-depth survey that ...
19/08/2026
Vintage-inspired desktop interface revealed
Harrison's latest hardware offering sees them head into the world of audio interfaces, delivering a 10-in/12...
19/08/2026
Granular effect remains locked to scale and tempo
Described as your dream granular effect , Minimal Audio's latest creation is capable of turning any s...
19/08/2026
First polyphonic SWAM instrument incoming
Audio Modeling's latest physical-modelling orchestral instrument is just around the corner, and is now availab...
19/08/2026
World Cup Games Generate 84 Billion Minutes Across FOX, Fox Sports 1 and NBCU...
19/08/2026
July brought typical peak-holiday drops in viewership, driven primarily by viewers stepping away from screens and a visible decline in reach across both traditi...
19/08/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
19/08/2026
Henry joins BCE as the company accelerates its commercial strategy and expands its international presence across the media, broadcast and technology markets. He...
19/08/2026
iWedia, a leading provider of software solutions for connected TV devices, today announced a major milestone in Android platform optimization with the successfu...
19/08/2026
NTP Technology announces that ST 2110-30 audio-over-IP connectivity with AES67 and RAVENNA capabilities is now available for the brand's world-class audio i...
19/08/2026
Net Insight has been selected to provide its Nimbra platform by the service provider Big Blue Marble, formerly ORS Group, as the core media transport solution f...
19/08/2026
LiveU has supported Coventry City FC and several other top-flight UK football clubs through one of their most demanding live production challenges of the year, ...
19/08/2026
Nature Seekers Documentary Shot with Blackmagic URSA Cine 12K LF
Brie Clayton August 18, 2026
0 Comments
Filming endangered turtles required camera...
19/08/2026
Neyrinck Brings D-Control Consoles Back to Life on Apple Silicon with D-Control ...
19/08/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
19/08/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
19/08/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
19/08/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
19/08/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
19/08/2026
Riedel Communications today announced that Edith Cowan University (ECU) in Perth, Australia, implemented a comprehensive communications infrastructure that brin...
19/08/2026
QuickLink, a leading provider of award-winning video production and remote guest contribution solutions, will spotlight a major leap forward in remote guest con...
19/08/2026
Integrated platform melds media asset management, playout automation and newsroom workflows
EMAM, PlayBox Neo and SNEWS have officially launched Nuvex, a conne...
19/08/2026
Screen Australia releases the Private Investment Toolkit to strengthen screen in...
19/08/2026
Do Aussies truly value local content? Unpacking Screen Currency 2026 with Deirdr...
19/08/2026
There's an early Christmas gift for Bookish fans, as UKTV confirms the re-commission of the hit U&alibi drama, created by and starring Mark Gatiss. Viewers ...
19/08/2026
Wednesday 19 August 2026
Sky gives sports fans the chance to watch multiple liv...
19/08/2026
On Saturday September 5 Katie Taylor will step into the ring for the fight of her life against Flora Pili in front of 80,000 fans in Croke Park. A legendary fig...
18/08/2026
SportStream 2026, a free three-day virtual event, will take place September 15-17. One registration provides access to all three days of live programming and on...
18/08/2026
BeckTV will introduce BeckFlow to the European market at IBC2026, demonstrated on the Providius stand (10.F53).
BeckFlow is a web-based schematic documentation...
18/08/2026
Boland Communications will introduce a SMPTE ST 2110 input option for its 4K monitors at IBC2026, along with a new 55-inch super-narrow bezel display for video ...
18/08/2026
Dolby Laboratories and the Seattle Seahawks have announced a partnership integrating Dolby OptiView into the Seahawks' live streaming coverage, making the S...
18/08/2026
For BMG Executive Producer of Sports Production, Graham Taylor, producing live s...
18/08/2026
TMRW Sports has appointed Rufus Hack as President of Golf, a newly created role in which he will lead the company's golf businesses including TGL presented ...
Pillar Financial, LLC ( Pillar ), an affiliate of Guggenheim Partners, LLC, today announced the acquisition of St. James Capital, L.L.C. ( St. James ). Based in Bloomfield Hills, Michigan, St. James is led by Mark Wiedelman and Nancy Ludwick, who founded the company in 1999. Both Mark and Nancy will hold an ongoing interest in Pillar Financial.
