Berkadia Commercial Mortgage LLC has announced the appointment of Hugh F. Frater as chief executive officer of the company, effective Thursday, Aug. 12, 2010. Frater succeeds Michael I. Lipson, who is leaving the organization. Berkadia is a highly rated master, primary and special loan servicer and a top-tier commercial real estate loan originator. Berkadia acquired the North American commercial real estate loan origination and servicing businesses of Capmark Financial Group Inc. in December 2009.Read more

Wells Fargo Bank was the top commercial/multifamily originator in 2009, according to a set of listings released by the Mortgage Bankers Association (MBA). Other originators in the top 10 include PNC Real Estate; Deutsche Bank Commercial Real Estate; CBRE Capital Markets Inc.; HFF LP; Prudential Mortgage Capital Company; Meridian Capital Group; MetLife; Northmarq Capital LLC and Capmark Financial Group Inc.

Eight different companies topped the 11 lists reporting originations by investor groups:Read more

In 2008, 2,877 different multifamily lenders provided a total of more than $88 billion in new financing for apartment buildings with five or more units, according to an annual report from the Mortgage Bankers Association (MBA). The 2008 dollar volume represents a 40 percent decline from 2007 levels. In terms of total dollar volume, the top five multifamily lenders in 2008 were PNC Real Estate, Wachovia, Wells Fargo Bank NA, Capmark Financial Group Inc., and Deutsche Bank Commercial Real Estate.Read more

Capmark Financial Group Inc. and its wholly-owned subsidiaries, Capmark Finance Inc. and Capmark Capital Inc., entered into an Asset Put Agreement with Berkadia III LLC. Berkadia is a newly formed entity owned by Berkshire Hathaway Inc. and Leucadia National Corporation.Read more