NEW YORK, NY – March 25, 2024 – Announced today, Berkadia has surpassed $100 billion in loan origination volume with Freddie Mac Multifamily since 2010. This milestone comes on the heels of Berkadia being ranked the #1 Freddie Mac Lender by Volume in 2023.
“This milestone is a result of the hard work of our producers and our longtime relationship with Freddie Mac,” said Berkadia EVP – Production and Capital Markets Hilary Provinse. “The capital Freddie Mac Multifamily provides to the commercial real estate industry does not go unnoticed at Berkadia. We are grateful for our deep-seated relationship and the results we’re able to achieve together on behalf of Berkadia’s clients. I look forward to our continued collaboration and success in 2024 and beyond.”
“Freddie Mac Multifamily’s work to support liquidity, stability, and affordability in the housing market would not be possible without the efforts of our Optigo® lenders like Berkadia,” said Kevin Palmer, Head of Multifamily for Freddie Mac. “We are grateful for their collaboration and commitment to our mission and congratulate Berkadia on the milestone of $100 billion in Freddie Mac originations.”
In addition to being Freddie Mac’s #1 Lender by Volume in 2023 at $6.59 billion, Berkadia was recognized by Freddie Mac as the:
- #1 Conventional Lender
- #1 Facility Products Lender
- #1 Low-Income Housing Lender
- #1 Very Low-Income Housing Lender
- #3 Targeted Affordable Housing Lender
- #4 Manufactured Housing Communities Lender
Some notable transactions that Berkadia closed in 2023 with Freddie Mac include:
- Belmont Hills | Richmond, VA | Terms Confidential | Acquisition Loan | 651-unit Multifamily Property
- Prose Concord | Jefferson, GA | $45M Acquisition Loan | 300-unit Multifamily Property
- The Village at Eastpointe Apartments | Fort Lauderdale, FL | $42.54M in Debt Refinancing and $8.96M in Equity
Berkadia has made long-term investments in people and technology that allow us to offer our clients the best financing solutions in today’s challenging capital markets landscape. We are proud of this tremendous milestone and look forward to the year ahead.