#1 FHA-Insured Multifamily Lender Nationwide
WASHINGTON D.C. – October 9, 2023 –Berkadia FHA/HUD ranks as the number one FHA-insured multifamily lender nationwide, and the only lender to originate over $1 billion in multifamily transaction volume. Berkadia FHA/HUD has produced over $1.03 billion in total HUD production volume across 45 transactions, year-to-date.
“I’m thrilled to announce that Berkadia FHA/HUD has earned the ranking of number one HUD Multifamily lender for the 2023 fiscal year. This success is the result of our amazing team and client-focused mentality,” said Steve Ervin, Berkadia SVP, Head of FHA and Seniors Housing Finance. “I look forward to seeing Berkadia FHA/HUD’s continued success in the year to come, providing clients best-of-class service and execution.”
HUD released their fiscal year-end data which showed that Berkadia holds 12.6 percent market share for multifamily, producing $149 million more than the #2 lender. Within multifamily, Berkadia FHA/HUD was also ranked #1 in New Construction and Sub-rehab with 15.5 percent market share. Berkadia also finished #5 in Seniors and Berkadia FHA/HUD finished fiscal year 2023 ranked #2 overall with 11.2 percent market share, closing $1.27 billion in production volume across 62 transactions.