Skip to main content

Berkadia to Expand Products Offerings With Addition of CMBS Loans

Nov 22, 2010

Berkadia Commercial Mortgage is expanding the commercial real estate financing options offered through its nationwide mortgage banking network with the addition of a new product—fixed-rate loans for inclusion in the new generation of commercial mortgage-backed securities (CMBS). The new product, expected to be available at the beginning of 2011, will give Berkadia’s clients superior access to capital as they continue to benefit from mortgage banking expertise and service. Senior Vice President Joseph Franzetti will manage the fixed-rate loan origination program. Franzetti, formerly with Cohen Financial, joined Berkadia earlier this year to establish and manage the company’s relationships with capital markets lenders. “Berkadia’s fixed-rate loan program is unique in the market,” said Franzetti. “We are in discussions with potential capital markets partners, and Berkadia is poised to be the only mortgage banking firm providing proprietary capital for CMBS loans. This gives our clients the best of both worlds—access to the capital markets delivered by local mortgage bankers.” An additional option under development is a short-term floating-rate loan program to provide interim financing to select multifamily borrowers with pending Fannie Mae or Freddie Mac executions. The bridge loan program will be managed by Berkadia’s Agency Lending Group under the leadership of Executive Vice President John Cannon. “These programs are positive developments for our clients," said Cannon. "Following more than two years characterized by extremely limited financing options, Berkadia is pleased to provide additional choices.” For more information, visit www.berkadia.com.
About the author
Published
Nov 22, 2010
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024
Guild Mortgage Reports Net Loss In 2023 Amid Acquisition Spree

San Diego-based lender reports net loss for 2023 despite aggressive growth strategy.

Mar 13, 2024