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Debt & Specialty Finance
berkadia.com

Investments

2

Partners & Customers

10

About Berkadia Commercial Mortgage

Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties.

Headquarters Location

521 Fifth Avenue

New York, New York, 10175,

United States

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Latest Berkadia Commercial Mortgage News

Comstock and Berkadia Announce $77.5 million Loudoun Station Refinancing

Dec 7, 2022

By RESTON, Va.–(BUSINESS WIRE)– Comstock Holding Companies, Inc. (Nasdaq: CHCI) (“Comstock” or the “Company”), a leading developer, investor, and asset manager of mixed-use and transit-oriented properties in the Washington, D.C. region, announced today that it has jointly structured a ten-year, 4.5% fixed-rate $77.5 million loan with Berkadia Commercial Mortgage, LLC (“Berkadia”) to refinance “Phase II” of its Loudoun Station development on behalf of Comstock Partners, LC, an affiliated, privately-held company. Loudoun Station, located in Ashburn, Va. on Metro’s Silver Line, includes more than 1 million square feet of Class A mixed-use development with another 1.5 million square feet planned for future delivery. Loudoun Station Phase II is composed of the BLVD Gramercy East and BLVD Flats apartment buildings, as well as ground-floor retail and structured parking. As the only Metro-connected development in Loudoun County, Va., Loudoun Station represents the area’s transformation into a transit-connected community with direct connectivity to Dulles International Airport and downtown Washington, D.C. Patrick McGlohn, Miles Drinkwalter, and Joyce Connolly led the refinancing effort from the Berkadia side. “We appreciate the trust Comstock placed in our team to execute during a very volatile time in the market,” said Mr. McGlohn. “We were able to lock in the interest rate before the run-up in yields, which will result in substantial interest savings over the life of the loan. We enjoyed working with Comstock on this transaction and wish them continued success.” “Our multi-family projects in Loudoun Station continue to perform incredibly well in the current environment, as proven by this construction take-out loan that exceeded our expectations on both rate and total proceeds,” said Christopher Guthrie, Comstock’s Chief Financial Officer. “We are very pleased with the execution of this transaction and appreciate the support from the strong team at Berkadia.” About Berkadia Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets. To learn more about Berkadia, please visit Berkadia.com . About Comstock Founded in 1985, Comstock is a leading developer, investor, and asset manager of mixed-use and transit-oriented properties in the Washington, D.C. region. With a managed portfolio comprising approximately 10 million square feet of transit-oriented and mixed-use properties, including stabilized and development assets strategically located at key Metro stations, Comstock is at the forefront of the urban transformation taking place in the fastest growing segments of one of the nation’s best real estate markets. Comstock’s developments include some of the largest and most prominent mixed-use and transit-oriented projects in the mid-Atlantic region, as well as multiple large-scale public-private partnership developments. For more information, please visit Comstock.com . Contacts

Berkadia Commercial Mortgage Investments

2 Investments

Berkadia Commercial Mortgage has made 2 investments. Their latest investment was in Riverside Capital as part of their Corporate Minority on January 1, 2018.

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Berkadia Commercial Mortgage Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/30/2018

Corporate Minority

Riverside Capital

Yes

1

Other Investors

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0

Date

1/30/2018

Round

Corporate Minority

Other Investors

Company

Riverside Capital

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Amount

New?

Yes

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Co-Investors

Sources

1

0

Berkadia Commercial Mortgage Acquisitions

5 Acquisitions

Berkadia Commercial Mortgage acquired 5 companies. Their latest acquisition was LIHTC Advisors on September 03, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/3/2020

$99M

Acquired

1

10/1/2019

Other

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$99M

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10

3/5/2019

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$99M

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10

5/28/2014

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$99M

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10

1/11/2013

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$99M

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10

Date

9/3/2020

10/1/2019

3/5/2019

5/28/2014

1/11/2013

Investment Stage

Other

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acquired

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Sources

1

10

10

10

10

Berkadia Commercial Mortgage Partners & Customers

10 Partners and customers

Berkadia Commercial Mortgage has 10 strategic partners and customers. Berkadia Commercial Mortgage recently partnered with T-Hub on May 5, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

5/10/2023

Vendor

India

T-Hub and Berkadia announced a strategic alliance to drive innovation and growth in the Indian startup ecosystem

T-Hub 's startups , on the other hand , will gain access to Berkadia 's network of startups based on their focus areas , creating opportunities for collaboration and potentially scaling their businesses .

3

2/7/2023

Vendor

United States

Berkadia Doubles FHA Financing Servicing Capacity by Partnering with Rabbet

`` Our partnership with Rabbet , a member of Berkadia 's BeEngaged network , has allowed us to collaborate on long-term initiatives , and implement solutions that deliver excellent service to our clients , '' said Berkadia of FHA and Seniors Housing Finance .

2

2/7/2023

Vendor

United States

Berkadia Partners with Rabbet - Berkadia Berkadia Increases FHA Financing Servicing Capacity by Partnering with Rabbet.

`` Our partnership with Rabbet , a member of Berkadia 's BeEngaged network , has allowed us to collaborate on long-term initiatives , and implement solutions that deliver excellent service to our clients , '' said Berkadia of FHA and Seniors Housing Finance Steve Ervin .

1

1/25/2023

Vendor

United States

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10

1/24/2023

Partner

United Kingdom

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10

Date

5/10/2023

2/7/2023

2/7/2023

1/25/2023

1/24/2023

Type

Vendor

Vendor

Vendor

Vendor

Partner

Business Partner

Country

India

United States

United States

United States

United Kingdom

News Snippet

T-Hub and Berkadia announced a strategic alliance to drive innovation and growth in the Indian startup ecosystem

T-Hub 's startups , on the other hand , will gain access to Berkadia 's network of startups based on their focus areas , creating opportunities for collaboration and potentially scaling their businesses .

Berkadia Doubles FHA Financing Servicing Capacity by Partnering with Rabbet

`` Our partnership with Rabbet , a member of Berkadia 's BeEngaged network , has allowed us to collaborate on long-term initiatives , and implement solutions that deliver excellent service to our clients , '' said Berkadia of FHA and Seniors Housing Finance .

Berkadia Partners with Rabbet - Berkadia Berkadia Increases FHA Financing Servicing Capacity by Partnering with Rabbet.

`` Our partnership with Rabbet , a member of Berkadia 's BeEngaged network , has allowed us to collaborate on long-term initiatives , and implement solutions that deliver excellent service to our clients , '' said Berkadia of FHA and Seniors Housing Finance Steve Ervin .

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Sources

3

2

1

10

10

Berkadia Commercial Mortgage Team

9 Team Members

Berkadia Commercial Mortgage has 9 team members, including current Executive Vice President, Darren Wesemann.

Name

Work History

Title

Status

Darren Wesemann

Executive Vice President

Current

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Name

Darren Wesemann

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Work History

Title

Executive Vice President

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Status

Current

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