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Berkadia Launches Multifamily Bridge Loan Fund
Berkadia has expanded its proprietary lending platform with the launch of the BRC Multifamily Bridge Loan Fund LP, an open-ended fund managed by Berkadia Capital Advisors LLC. In addition, Berkadia hired Chuck Lee, senior managing director capital markets, who will lead further growth of Berkadia Commercial Mortgage LLC’s proprietary capital markets capabilities.
Lee brings more than 25 years’ commercial real estate experience to Berkadia, most recently as head of U.S. CRE securitization and warehouse finance at Credit Suisse. He also recently served as president and chairman of the Commercial Real Estate Finance Council.
“We’re in a transformative time for our industry, particularly in the wake of the pandemic,” said Lee. “There is no question in my mind that in this competitive environment, successful lending platforms will be represented by those that demonstrate the highest levels of foresight and creativity in being able to meet both borrower and investor needs.”
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