Guggenheim Partners has formed a new commercial real estate entity called Pillar Multifamily. Pillar has acquired certain assets and assumed certain liabilities of Bulls Capital Partners, a Fannie Mae delegated underwriting and servicing (DUS) multifamily lender, the firm announced.
Pillar has also retained many members of the Bulls team. Mark Van Kirk, Bulls’ chief operating officer, and Robert Russell, chief production officer, will remain on board. Anand Gajjar, a senior managing director at Guggenheim, will be named Pillar’s interim chief executive officer.