Witmer Partners LLC, a Horsham, Pa., capital and advisory firm that also has loan servicing operations, said it has agreed to buy a "significant" stake in a multifamily lender that specializes in government-insured mortgages.

Witmer did not disclose the size of the stake it would to buy in Tavernier Capital Funding. The deal, which was announced Feb. 2, is subject to Department of Housing and Urban Development approval.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.