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
02/01/2026
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
02/01/2026
Sequins, chat shows, live sporting action, ground-breaking docuseries and brand-new Irish drama to kick off 2026
New Year, New Content Coming Soon across RT
...
01/01/2026
Latin Grammy Cultural Foundation Announces 2026 Noel Schajris Scholarship The scholarship will cover tuition and housing for one Berklee College of Music stud...
01/01/2026
New year, new games, all with RTX 5080-powered cloud energy. GeForce NOW is kicking off 2026 by looking back at an unforgettable year of wins and wildly high fr...
31/12/2025
Back to All News
NFL Christmas Gameday on Netflix Scores Again With the Lions-V...
30/12/2025
As the College Football Playoff Enters the Quarterfinals, ESPN Blows Out Its Meg...
30/12/2025
SVG's Best of 2025: Original ArticlesTake a look back at all our coverage of big-time productions, game-changing technologies, and state-of-the-art new faci...
30/12/2025
MELBOURNE, Fla., Dec. 30, 2025 - L3Harris Technologies (NYSE: LHX) will release its fourth quarter 2025 financial results before the market opens on Thursday, J...
30/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
30/12/2025
Your live countdown to 2026 with Inhaler, David Gray, Lyra, Garron Noone, Sharon...
30/12/2025
It marked the first civilian operational authorization for a HAPS flight in Europe, led by Space42's subsidiary, Mira Aerospace
The flight demonstrated HAP...
29/12/2025
San Francisco 49ers Strike Gold With Halftime Laser SpectacularStunning display caps $200 million renovation of Levi's Stadium techBy Dan Daley, Audio Edito...
29/12/2025
The Cup's Around the Corner: An Inside Look at Broadcast Preparations for th...
29/12/2025
SVG's Best of 2025: Longform VideoWatch the standout keynote conversations, deep dives, and panel discussions from the year for free on SVG PLAY!By Brandon ...
29/12/2025
From crisper Lossless audio and immersive music videos in beta to new Audiobooks+ plans, custom transitions between tracks, and in-app Messages, we keep levelin...
29/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
27/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
26/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
26/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
25/12/2025
Holiday lights are twinkling, hot cocoa's on the stove and gamers are settling in for a well-earned break.
Whether staying in or heading on a winter getawa...
24/12/2025
What is AI good for? Posted by MTI Film on December 24, 2025
What is AI good for?
What is AI good for?
It's been three years since ChatGPT first cap...
24/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
24/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
24/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
24/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
24/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
24/12/2025
Back to All News
The Boyfriend' Season 2 Unveils Heartwarming Trailer, Key...
24/12/2025
Back to All News
Love, Fights, and Everything in Between: Badly in Love' Returns for Season 2
Entertainment
24 December 2025
GlobalJapan
Link copied t...
24/12/2025
Scripps Research study links sleep variability with sleep apnea and hypertension How consumers' digital activity trackers could enable personalized health s...
23/12/2025
How guilas Cibae as Dominican Winter League Games Are Locally Produced for Glob...
23/12/2025
BitFire's Jim Akimchuk on Supplying Scalability and Customization in the Clo...
23/12/2025
CAMB.AI Enables European Athletics to Offer Multi-Language SupportPlan is to eventually offer translation into all languages spoken in EuropeBy Ken Kerschbaumer...
23/12/2025
Analysis: As sports media values trend negative, scarcity and quality are king By Callum McCarthy, Editor-at-Large
Monday, December 22, 2025 - 14:08
Print ...
23/12/2025
ESPN, Disney, and NBA Return to the Animated Altcast Fray With Second Edition of...
23/12/2025
End the Year on a High Note and Donate to the Sports Broadcasting Fund Today!By Ken Kerschbaumer, Editorial Director
Tuesday, December 23, 2025 - 12:25 pm
P...
23/12/2025
The year is winding down, the weather outside is frightful, and it's the perfect time to escape into a story that warms the heart. For listeners looking for...
23/12/2025
A Zeus motor is hot fire tested at L3Harris' Camden, Arkansas, solid rocket ...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Lightware will exhibit several major product innovations at ISE 2026, including the new USB-C BOOSTER-V1, Google Meet. integration for various Taurus UCX models...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Taking the Stage at Carnegie Hall-On a Global Scale Boston Conservatory Orchestra students reflect on their epic concert marking the 80th session of the UN Gene...
23/12/2025
Back to All News
Netflix's The Great Flood and Culinary Class Wars 2 Top Gl...
23/12/2025
Back to All News
Stranger Things By the Numbers: How the Global Phenomenon Shap...
23/12/2025
Experience the power of WO Automation for Radio's newest service, the System Effectiveness Review. Designed to help you achieve more, a System Effectiveness...
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.
