David Leopold

Senior Vice President, Head of Affordable Housing
Affordable Housing
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David Leopold is SVP and Head of Berkadia Affordable Housing, an integrated platform that provides comprehensive financial solutions to owners and developers of Affordable Housing. The platform is comprised of Mortgage Banking, Investment Sales and Advisory, and Tax Credit Syndication Services.

David joined Berkadia in 2019 to lead the growth and integration of Berkadia’s Affordable Housing businesses. Under his leadership, Berkadia Affordable Housing’s 2022 production volume totaled $5.2B, was ranked the #1 Freddie Mac Affordable Housing lender, and became the largest mortgage banking company in the country for Affordable housing.

Prior to joining Berkadia, he was Vice President of Affordable Sales and Investments for Freddie Mac Multifamily where he grew Freddie Mac’s Affordable production from $2.2 billion in 2014 to $9 billion in 2019 – while maintaining 0 delinquencies. He also led Freddie Mac’s reentry into the LIHTC equity investment business in 2018.

Prior to Freddie Mac, David was Tax Credit Equity Executive for Bank of America Merrill Lynch, leading the Nation’s second largest tax credit equity investment platform from 2009-2015. David’s 28 years of finance experience also includes municipal bond investment banking, structured finance and securitization, construction lending, public private partnerships, and tax efficient impact investing.

Education & Certifications

  • University of Colorado, MS
  • Fordham University, BA

Affiliations & Memberships

  • Urban Land Institute, Affordable and Workforce Housing Council

Awards & Notability

  • Commercial Observer's 50 Most Important People in Real Estate, 2017-2019
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Research, Insights and News


Marlowe Apartments, Arlington, Virginia | Sold and Financed by Berkadia 2024

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The Meadows at Berkeley Ridge, Martinsburg, West Virginia | Sold and Financed by Berkadia 2024

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Berkadia DC Metro Closes Over $800M in Transaction Volume Year-to-Date

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Gables 12 Twenty-One, Arlington, VA | Financed by Berkadia 2024

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Christian Overton, Hotels & Hospitality | Hired by Berkadia 2024

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