Siena Lending Group Closes Credit Facility With Wells Fargo Capital Finance
The real problem with Fannie and Freddie was that the public assumed correctly, as it turns out that the government wouldn’t allow them to fail, making them more attractive to lenders and investors. They grew too big and took on far too much risk, precipitating a $187-billion bailout. Fannie and Freddie demonstrate that Washington can’t use government-sponsored private companies to carry out its housing policies. The companies’ ability to privatize profits while sticking taxpayers with their losses poses an enormous and unacceptable moral hazard.
Siena’s independence as a finance company allows innovative & flexible solutions, while allowing its customers to maintain a relationship with their own bank. Siena’s management team is experienced, innovative, dependable, entrepreneurial, and highly regarded within the industry. The team has over 140 years of combined experience and has transacted over $10 billion in facilities. Visit us at http://www.sienalending.com .