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
GSE Affordable Housing Lender by Volume in 2024.*
$1.6 billion
Investment Sales and Advisory Services in 2023 and 2024.
$5.7 billion
Affordable housing loans financed in 2023 and 2024.
$671 million LIHTC equity placed in 2023 and 2024.
2024 Rankings
Freddie Mac
#1 Low-Income Housing Lender
#1 Very Low-Income Housing Lender
#1 Targeted Affordable Housing Lender
Growing The Future Of Financing
$2.4 billion Equity syndicated Tax Credit Syndication
• 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
41 Funds
132 Transactions
14,160 Affordable housing units
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
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
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
TAX CREDIT SYNDICATION
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.
Affordable Housing Offices
Atlanta
3550 Lenox Road
Suite 2600
Atlanta, GA 30326
Boise
6255 N.Meeker Place
Suite 210 Boise, ID 83713
Brentwood
5115 Maryland Way Office 210 & 211
Brentwood, TN 37027
Columbus
6555 Longshore Street
Suite 280
Dublin, OH 43017
Detroit
28411 Northwestern Highway
Suite 300
Southfield, MI 48034
New Orleans
One Galleria Blvd
Suite 1900, Office 1921 & 1920
Metairie, LA 70001
Portland
760 Southwest 9th Avenue
Suite 2380
Portland, OR 97205
OFFICES
Austin
2500 Bee Cave Road
Building 3, Suite 550
Austin, TX 78746
Boston
10 Milk Street Suite 720 Boston, MA 02108
Charlotte
6000 Fairview Road
Suite 1200
Charlotte, NC 28210
Dallas
5960 Berkshire Lane
Suite 1000
Dallas, TX 7522
Irvine
2020 Main Street Suite 200 Irvine, CA 9261
New York
521 Fifth Avenue 16th Floor New York, NY 10175
San Francisco
1 Post Street
Suite 1000
San Francisco, CA 94104
Boca Raton
5100 Town Center Circle
Suite 550
Boca Raton, FL 33486
Bozeman
895 Technology Blvd Suite 102
Bozeman, MT 59718
Chicago
125 South Wacker Drive
Suite 400
Chicago, IL 60606
DC Metro
4445 Willard Avenue
Suite 1200
Chevy Chase, MD 20815
Los Angeles
11111 Santa Monica Boulevard
Suite 400
Los Angeles, CA 90025
Philadelphia
Two Liberty Place, 50 S 16th St
Suite 2825
Philadelphia, PA 19102
Seattle
601 Union Street
Suite 3909
Seattle, WA 98101
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
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
Tax Credit Syndication
Susan Moro
Managing Director
914.500.9387 susan.moro@berkadia.com
Andrew Anania
Managing Director 215.328.3817 andrew.anania@berkadia.com
Chris McGraw
SVP Head of Acquisitions 980.208.1667 chris.mcgraw@berkadia.com
Marge Novak
SVP Capital Markets 248.208.0526 marge.novak@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
Zenzi Reeves
SVP Asset Management 267.760.3691 zenzi.reeves@berkadia.com
Brian Blanchard Director
949.610.5377 brian.blanchard@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
Chris Crump
Managing Director
504.322.1196
chris.crump@berkadia.com
Jeff Lawrence
Managing Director
404.201.0693
jeff.lawrence@berkadia.com
Melissa Koppel
Senior Director
423.863.1957
melissa.koppel@berkadia.com
Emily Pope
Associate Director 413.522.8530 emily.pope@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
Fred Dockweiler
Managing Director
503.261.3668
fred.dockweiler@berkadia.com
Heather Olson
Managing Director
770.286.6446
heather.olson@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
Matthew Napoleon
Senior Managing Director
614.468.5805
matthew.napoleon@berkadia.com
Anthony Cinquini
Managing Director 310.209.3288 anthony.cinquini@berkadia.com
Lloyd Griffin
Managing Director 512.226.8710
lloyd.griffin@berkadia.com
Franklin Brown
Senior Director
615.377.7676
franklin.brown@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