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AFFORDABLE HOUSING


There’s no greater need in the marketplace, and no more important mission for our partners, than strengthening communities by creating affordable housing opportunities for families across the nation. " DAV I D L E O P O L D SVP - Head of Affordable Housing Berkadia


THE VALUE OF COMMUNITY. As the call for aff­ordable housing increases, so does the complexity and competition across the market. Berkadia Affordable Housing brings a balance of drive, versatility and focus that comes only from deep experience in local, state and federal regulatory and financing environments. Partnering with Berkadia Affordable Housing comes with our promise to provide clear and steady guidance from start to finish. Whether you’re looking to preserve and enhance existing aff­ordable homes or create beautiful new properties, we look forward to partnering with you on this vital mission.

Affordable Housing

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IT’S IN OUR DNA. Our mission is inspired by our two shareholders who created Berkadia— Berkshire Hathaway and Jefferies Financial Group. Both firms are renowned for their capital strength, sophisticated investment strategies and exacting attention to their clients’ diverse needs. We’re honored to infuse our Berkadia values into everything we do. When you work with us, you’re more than a client, and more than a partner. You’re a member of our family.


Mortgage Banking Your projects, of any size and location, benefit from best‑in‑class financing partners and unparalleled access to capital.

Investment Sales When you equip the right professionals with industry-leading insights and tools, the result is better investment outcomes.

Servicing Get customized solutions and seamless service with our established resources and proven expertise.

Technology Charge your decision‑making with actionable insights backed by our powerful data.

Affordable Housing

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INVESTMENT SALES

Centerville Pointe Garland, Texas

$30.5 million

250 Units

1997 Built

• Initial offer date yielded 15+ offers

• The population of Garland and its surrounding area is projected to double by 2050

MORTGAGE BANKING

Sunset Ridge Apartments Lancaster, California

$108.8 million

800 Units

1986 Built

• 15-year, fixed rate Freddie Mac acquisition loan, with eight years interest-only through the Targeted Affordable Housing program • Uniquely positioned to satisfy demand for affordable and market rate housing • Qualified for tax credits in a market with strong demand drivers, creating a compelling investment opportunity

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BERKADIA Affordable Housing


SUCCESS IS NOT PURELY MEASURED BY NUMBERS.

But, they help tell our story:

$2.46 billion

$35 billion

In 2020, Berkadia's affordable

In 2020, Berkadia’s combined

housing production volume across

production volume of loan origination,

mortgage banking, investment

investment sales and JV equity

sales, and tax credit syndication

placement exceeded $36 billion.

exceeded $2.46 billion

$55 billion

Largest

Since 2013, our Investment Sales

Berkadia ranks as the largest

division has closed more than 3,400

non‑bank commercial mortgage

transactions totaling $55 billion.

servicer in the nation.


GROWING THE FUTURE OF FINANCING.

Full-service solutions.

Berkadia's fully integrated affordable housing platform provides mortgage banking, investment sales, and tax credit syndication services. This allows us to seamlessly deliver comprehensive investment and capital solutions to our clients for the entire life-cycle of their assets.​ The platform distinguishes itself with deep technical expertise and a wide array of product offerings together with the drive and focus necessary to help our clients grow their business.​

Tax Credit Syndication

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Provides tax credit equity solutions for

Proprietary and multi-fund

for-profit and non-profit developers

investment structures

LIHTC equity

Fund and asset management services

$1.1 billion

19 states

Portfolio

In addition to D.C. & the Virgin Islands

165%

9,000

Portfolio growth since 2015

Affordable housing apartments

BERKADIA Affordable Housing


INVESTMENT SALES

Park Western Estates Los Angeles, California

$62.9 million

216 Units

1969 Built

• 2.72% cap rate on annualized in-place operations • Partial project-based HAP contract subsidizing 104 units (48%) • 112 units were subject to LA City Rent Stabilization Ordinance (RSO)

MORTGAGE BANKING

Goodlette Arms Naples, Florida

$64 million

250 Units

1970 Built

• Affordable community serving seniors and people with disabilities • The asset’s affordability will be preserved for at least 40 more years, due to the new financing structure • The debt includes tax-exempt bonds purchased by Berkadia and backed by Freddie Mac, as well as low-income housing tax credits

Affordable Housing

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TAX CREDIT SYNDICATION

HŌM Flats at 28 West – Phase 2 Wyoming, Michigan

160 Units

$5 million • Under construction • Mixed-income, 132 units of high-quality, affordable workforce housing and 28 units of market-rate housing • Financing for 28 West includes equity generated from the syndication of 4 percent Federal Low-Income Housing Tax Credits

TAX CREDIT SYNDICATION

Halewai’olu Senior Residences Honolulu, Hawaii

156 Units

$45 million • 156 units for seniors age 62+ earning between 30%-80% AMI • Halewai’olu Senior Residences is being developed by The Michaels Organization Financed by a construction loan, a RHRF loan, a Freddie Mac TEL perm loan, as well as 4% LIHTC credits and Hawaii State Tax Credits

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BERKADIA Affordable Housing


CLOSING IS JUST THE END OF THE BEGINNING. We’re in this for the long haul. To us, every deal is the start of a new relationship or the continuation of one built on performance and trust. Our clients are family, and we’re relentlessly focused on your long-term success.

Affordable Housing

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AFFORDABLE HOUSING

David Leopold SVP - Head of Affordable Housing 301.202.3547 david.leopold@berkadia.com

Investment Sales

Brandon Grisham

Jeff Irish

Bruce Furniss

Senior Managing Director

Senior Managing Director

Managing Director

253.653.3313

208.286.5013

714.384.3266

brandon.grisham@berkadia.com

jeff.irish@berkadia.com

bruce.furniss@berkadia.com

Johnathan Smith

Mike Terry

Jordan Skyles

Senior Director

Associate

Director of Operations

206.856.1707

425.761.1640

208.631.4981

johnathan.smith@berkadia.com

mike.terry@berkadia.com

jordan.skyles@berkadia.com

Tim Leonhard

Matthew Napoleon

Matthew Baptiste

Senior Managing Director

Senior Managing Director

Managing Director

214.360.3849

614.468.5805

404.654.2608

tim.leonhard@berkadia.com

matthew.napoleon@berkadia.com

matthew.baptiste@berkadia.com

Anthony Cinquini

Chris Crump

Liz Diamond

Managing Director

Managing Director

Managing Director

310.209.3288

504.322.1196

415.646.7704

anthony.cinquini@berkadia.com

chris.crump@berkadia.com

liz.diamond@berkadia.com

Fred Dockweiler

Lloyd Griffin

Jeff Lawrence

Managing Director

Managing Director

Managing Director

503.261.3668

512.226.8710

404.201.0693

fred.dockweiler@berkadia.com

lloyd.griffin@berkadia.com

jeff.lawrence@berkadia.com

Mortgage Banking

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BERKADIA Affordable Housing


Heather Olson

Franklin Brown

Joseph Mandeville

Managing Director

Senior Director

Associate Director

770.286.6446

615.377.7676

614.468.5785

heather.olson@berkadia.com

franklin.brown@berkadia.com

joseph.mandeville@berkadia.com

Corine Sheridan

Marge Novak

Andrew Anania

SVP - Head of Acquisitions

SVP - Capital Markets

Managing Director

240.204.5125

248.208.0526

215.328.3817

corine.sheridan@berkadia.com

marge.novak@berkadia.com

andrew.anania@berkadia.com

Susan Moro

Brian Blanchard

Sean Creedon

Managing Director

Director

Director

914.500.9387

949.610.5377

415.596.8255

susan.moro@berkadia.com

brian.blanchard@berkadia.com

sean.creedon@berkadia.com

Matt Byrd VP – Product Originations 972.801.3060 matt.byrd@berkadia.com

Tax Credit Syndication

Kelly Henderson Director 516.801.2415 kelly.henderson@berkadia.com

Affordable Housing

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AFFORDABLE HOUSING LOCATIONS

Affordable Housing Offices

Atlanta

Austin

Baton Rouge

3550 Lenox Road

Building 2, 901 S MoPac Expy

8550 United Plaza Boulevard

Suite 2600

Suite 430

Suite 702

Atlanta, GA 30326

Austin, TX 78746

Baton Rouge, LA 70809

Boise

Brentwood

Columbus

6255 N.Meeker Place

5115 Maryland Way

6555 Longshore Street

Suite 210

Office 210 & 211

Suite 280

Boise, ID 83713

Brentwood, TN 37027

Dublin, OH 43017

Dallas

DC Metro

Denver

5960 Berkshire Lane

4445 Willard Avenue

1331 17th Street

Suite 1000

Suite 1200

10th Floor

Dallas, TX 75225

Chevy Chase, MD 20815

Denver, CO 80202

Detroit

Irvine

Jupiter

28411 Northwestern Highway

2020 Main Street

110 Front Street

Suite 300

Suite 200

Suite 300

Southfield, MI 48034

Irvine, CA 92614

Jupiter, FL 33477

Los Angeles

New York

Oakland

11111 Santa Monica Boulevard

521 Fifth Avenue

1425 Leimert Boulevard

Suite 400

20th Floor

Suite 404

Los Angeles, CA 90025

New York, NY 10175

Oakland, CA 94602

Philadelphia

Portland

San Francisco

Two Liberty Place, 50 S 16th St

425 Northwest 10th Avenue

595 Market Street

Suite 2825

Suite 304

Suite 600

Philadelphia, PA 19102

Portland, OR 97209

San Francisco, CA 941059

Seattle 601 Union Street Suite 3909 Seattle, WA 98101

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BERKADIA Affordable Housing


OFFICES Berkadia Office Affordable Housing Office

Affordable Housing

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BERKADIA .COM / 800.446 . 2226 a Berkshire Hathaway and Jefferies Financial Group company

© 2021 Berkadia Proprietary Holding LLC. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada. Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. In California, Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116, and Berkadia Real Estate Advisors Inc. under CA Real Estate Broker Lic. #01931050. For state licensing details for the above entities, visit www.berkadia.com/legal/licensing / 0721.

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