News Column

Berkadia Expands Mortgage Originations Capabilities with Acquisition of Keystone Commercial Capital

May 28, 2014

Adds Three Offices Across the U.S., More Than $2 Billion to Servicing Portfolio

HORSHAM, Pa.--(BUSINESS WIRE)-- Berkadia Commercial Mortgage LLC (Berkadia) announced today the acquisition of Keystone Commercial Capital (Keystone), a full-service commercial mortgage banking company headquartered in Phoenix. The deal was closed on May 23, 2014.

Founded in 2007 by Managing Partners Charlie Williams and Scott Holland, Keystone services more than $2 billion in commercial real estate loans for a diverse base of capital providers and maintains relationships with 23 of the country’s leading life insurance companies, as well as other conventional lending sources. This transition to Berkadia is inclusive of Partners Jon Krieger, Ryan Nelson, Gene Kim and the entire Keystone origination and support staff.

“The number of capital providers has grown in recent years, and Berkadia has invested significant time in developing relationships—particularly with life insurance companies—to expand our financing capabilities,” said Ernie Katai, Executive Vice President and Head of Production at Berkadia. “This demonstrates our continued commitment to that expansion, and we look forward to leveraging Keystone’s resources and expertise in order to provide our clients with an even more robust portfolio of service offerings.”

The transaction will add 16 employees to Berkadia through offices in Boston and San Diego, in addition to Phoenix, reinforcing Berkadia’s nationwide presence in more than 50 locations. Williams will continue to oversee operations in all three offices from Phoenix.

“Berkadia has one of the most extensive origination platforms and strong relationships with the GSEs, as well as servicing and investment sales capabilities,” said Williams. “We look forward to helping grow Berkadia’s already strong life company pipeline, building on the company’s outstanding agency relationships and integrating our operations to help both current and prospective clients.”

About Berkadia®:

Berkadia Commercial Mortgage LLC, a prominent and innovative lender in the commercial real estate industry, is a highly rated master, primary and special servicer managing a portfolio of more than $229 billion as of March 31, 2014. As a correspondent for insurance companies, institutional lenders and a leading approved lender for Fannie Mae, Freddie Mac and HUD/FHA, Berkadia provides access to capital and flexible, customized lending and servicing solutions for the acquisition, construction, rehabilitation or refinance of commercial real estate properties. Through Hendricks-Berkadia, Berkadia also offers multifamily advisory services and investment sales.

To learn more about Berkadia, please visit www.berkadia.com.





Media:

For Berkadia Commercial Mortgage LLC

Bliss Integrated Communication

Meghan Warren, 212-584-5469

meghan@blissintegrated.com

Source: Berkadia Commercial Mortgage LLC


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Business Wire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters