Berkadia | Affordable Housing

AFFORDABLE HOUSING

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.

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."

DAVID LEOPOLD SVP - Head of Affordable Housing Berkadia

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.

Servicing

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

Investment Sales

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

Technology

Advanced decision‑making with actionable insights backed by our powerful data.

SUCCESS IS NOT PURELY MEASURED BY NUMBERS.

But, they help tell our story: #1

In 2022, Berkadia was ranked Freddie Mac's #1 Affordable Housing lender for the second year in a row.

$1.5 billion

In 2022, we closed more than $1.5 billion affordable housing investment sales transactions, while Berkadia closed $22 billion in investment sales overall.

$3.5 billion

In 2022, Berkadia financed $3.5 billion affordable housing transactions, while our overall loan production totaled $35 billion.

$204 million

In 2022, our tax credit syndication experts closed $204 million of LIHTC equity transactions.

Growing The Future Of Financing

• Provides tax credit equity solutions for for profit and non profit developers

• LIHTC equity

• Proprietary and multi fund investment structures

• Fund and asset management services

$1.1 billion

Portfolio

165% Portfolio growth since 2015

23 states

In addition to D.C. & the Virgin Islands

10,700 Affordable housing apartments

INVESTMENT SALES

Traditions at Bloomington

Bloomington, Illinois

$39 million

• Garden style property consists of one bedroom floor plans

• Amenities include a fitness center, business center, conference room, two pools, community playgrounds and an outdoor grilling area

396 Units 2004 Built

MORTGAGE BANKING

Sunset Ridge Apartments

Lancaster, California

$108.8 million

• 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

800 Units 1986 Built

INVESTMENT SALES

Park Western Estates

Los Angeles, California

$62.9 million

• 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)

216 Units 1969 Built

MORTGAGE BANKING

Goodlette Arms

Naples, Florida

$64 million

• 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

250 Units 1970 Built

TAX CREDIT SYNDICATION

HŌM Flats at 28 West – Phase 2

Wyoming, Michigan

$6 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

160 Units

Halewai’olu Senior Residences

Honolulu, Hawaii

$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

156 Units

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.

David Leopold

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

Investment Sales

Brandon Grisham Senior Managing Director 253.653.3313 brandon.grisham@berkadia.com

Jordan Skyles Director 208.631.4981 jordan.skyles@berkadia.com

Tax Credit Syndication

Susan Moro Managing Director 914.500.9387 susan.moro@berkadia.com

Corine Sheridan SVP Head of Acquisitions 240.204.5125 corine.sheridan@berkadia.com

Brian Blanchard Director 949.610.5377 brian.blanchard@berkadia.com

Jeff Irish Senior Managing Director 208.286.5013 jeff.irish@berkadia.com

Adam Tomberg Director 206.521.7218 adam.tomberg@berkadia.com

Bruce Furniss Managing Director 714.384.3266 bruce.furniss@berkadia.com

Mike Terry Associate 425.761.1640 mike.terry@berkadia.com

Marge Novak SVP Capital Markets 248.208.0526 marge.novak@berkadia.com

Andrew Anania Managing Director 215.328.3817 andrew.anania@berkadia.com

Chris McGraw Managing Director Acquisitions 980.208.1667 chris.mcgraw@berkadia.com

Zenzi Reeves SVP Asset Management 267.760.3691 zenzi.reeves@berkadia.com

Melissa Smith Senior Director 781.990.0157 melissa.smith@berkadia.com

James Grande Associate Director Acquisitions 215.328.3826 james.grande@berkadia.com

Mortgage Banking

Liz Diamond

SVP, Head of Affordable Originations 415.646.7704 liz.diamond@berkadia.com

Jay Abeywardena

Managing Director 310.209.3244 jay.abeywardena@berkadia.com

Anthony Cinquini

Managing Director 310.209.3288 anthony.cinquini@berkadia.com

Lloyd Griffin

Managing Director 512.226.8710 lloyd.griffin@berkadia.com

Jerry Getant

Associate Director 617.470.7388 jerry.getant@berkadia.com

Jeff Radcliffe

SVP Chief Underwriter 214.960.9860 jeff.radcliffe@berkadia.com

Anne Stephenson

VP – Originations 978.810.1060

anne.stephenson@berkadia.com

Tim Leonhard

Senior Managing Director 214.360.3849 tim.leonhard@berkadia.com

Matthew Baptiste Managing Director 404.654.2608 matthew.baptiste@berkadia.com

Chris Crump Managing Director 504.322.1196 chris.crump@berkadia.com

Jeff Lawrence Managing Director 404.201.0693 jeff.lawrence@berkadia.com

Joseph Mandeville

Associate Director 614.468.5785 joseph.mandeville@berkadia.com

Matt Byrd

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

Matthew Napoleon

Senior Managing Director 614.468.5805 matthew.napoleon@berkadia.com

Franklin Brown Senior Director 615.377.7676 franklin.brown@berkadia.com

Fred Dockweiler Managing Director 503.261.3668 fred.dockweiler@berkadia.com

Heather Olson

Managing Director 770.286.6446 heather.olson@berkadia.com

Emily Pope

Associate Director 413.522.8530 emily.pope@berkadia.com

Melissa Koppel VP – Originations 423.863.1957 melissa.koppel@berkadia.com