Berkadia Irvine

Berkadia Irvine Mortgage Banking guides clients through the mortgage process, addressing unique needs with personalized solutions. In 2023, the team completed 34 transactions, originating loans for multiple product types across various lenders including banks, debt funds, life companies and agencies. Through the team’s engagement in the secondary mortgage market, they expand lending capacity and foster investment growth. Beyond mortgages, the team builds lasting relationships, providing ongoing support to meet evolving real estate needs.  

For example, the team at Berkadia recently completed a significant transaction, closing a $29.4-million refinance in Memphis. This occurred against a challenging backdrop of interest rate volatility, which added complexity to the execution of the deal. Despite these hurdles, the team’s expertise and strategic planning allowed them to not only achieve but also surpass the client’s objectives of securing long-term, fixed-rate, full-term interest-only financing at the most favorable rates available. Furthermore, this transaction was particularly impactful as it supported Fannie Mae’s objectives of preserving affordable workforce housing.

For Sariga Villas in Orlando, the Berkadia team executed the $19.3-million refinance of a property completing lease-up after converting from a condo/hotel to multifamily community. The deal showcased the team’s creative financing capabilities, utilizing a Streamline Rate Lock with the property at 65% occupancy and closing at 76%. The team secured full-term interest only payments throughout the five-year loan term. 

These are some of the reasons we selected Berkadia Irvine for inclusion in the 2024 Connect CRE Top Mortgage Brokers and Lenders Awards. These awards recognize industry professionals who have demonstrated the highest standards in commercial real estate finance.