Mat Wambua

MATHEW M. WAMBUA. Mr. Wambua serves as Vicechair and Head of Agency Lending for Merchants Capital. Merchants Capital is an affordable housing mortgage lending platform, which provides Freddie Mac, Fannie Mae, and FHA debt products, as well as on-book acquisition and new construction bank loans. Merchants provides cash and bond credit enhancement debt facilities for acquisition, refinancing, construction rehab, and forward takeout’s for new construction projects. Although recently formed, Merchants Capital has quickly established itself as a market leader in affordable housing lending. Merchants Capital has evolved into a top-10 national multifamily affordable housing lender, with annual affordable housing volume exceeding $1BB. Merchants is committed to providing construction and preservation debt products for LIHTC, Section 8, workforce, mixed-income, and LURA properties. Merchants’ debt facilities typically consist of complex structures, which require multiple public and private debt and equity counterparties, including banks, HFA’s, public housing authorities, equity syndicators and investors.

Over the course of the last decade, Mr. Wambua has served on numerous boards including, the Metropolitan Museum of New York (the MET), Merchants Capital, The Osborne Association, New York Housing Conference, New York City Local Initiative Support Corporation (LISC), Samaritan Village, The Procurement Policy Board of NYC, Settlement Housing Fund, Mid Bronx Desperados Development Corporation, NYU’s Furman Institute, Placeful, NYC HDC, NYC Residential Mortgage Insurance Company, the Center for New York City Neighborhoods (CNYCN), Brooklyn Bridge Park Development Corporation, the New York City

Housing Partnership, the NYC Empowerment Zone Corporation (proxy for Deputy Mayor Doctoroff), NYC Economic Development Corporation (proxy for DM Doctoroff), and the NYC Industrial Development Corporation (proxy for DM Doctoroff).