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Investments

2

Partners & Customers

3

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.

Berkadia Commercial Mortgage Headquarter Location

521 Fifth Avenue

New York, New York, 10175,

United States

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Latest Berkadia Commercial Mortgage News

Lincoln Avenue Capital Acquires Virginia Property With Support From The Amazon Housing Equity Fund And Fannie Mae

Dec 9, 2021

Dec 9, 2021 2:50 PM EST Lincoln Avenue Capital Acquires Virginia Property With Support From The Amazon Housing Equity Fund And Fannie Mae A newly created affordable housing property, Cityside Huntington Metro Apartments in Alexandria, VA has been acquired by Lincoln Avenue Capital with financing from the Amazon Housing Equity Fund and Fannie Mae. Author: LOS ANGELES, Dec. 9, 2021 /PRNewswire/ -- Today, Lincoln Avenue Capital (LAC), a mission-driven affordable housing company, announced the acquisition of a 569-unit affordable housing property in Alexandria, VA with financing from the Amazon Housing Equity Fund and Fannie Mae, provided by Berkadia Commercial Mortgage. The property, Cityside Huntington Metro Apartments, will retain rent restrictions for 99 years. The Amazon Housing Equity Fund is a more than $2 billion commitment to preserve and create more than 20,000 affordable housing units in Washington state's Puget Sound region; in and around Arlington, Virginia; and Nashville, Tennessee—three hometown communities where the company has a large and growing presence. The Amazon Housing Equity Fund increases housing options for moderate-to-low-income families by providing affordable housing providers with quick access to low-rate loans to create or preserve buildings where affordability would have otherwise been lost to commercial-rate development. The fund also provides cash grants to businesses, nonprofits, and minority-led organizations to help them build a more inclusive solution to the affordable housing crisis, which disproportionately affects communities of color. The Arlington area has seen recent rapid market growth coming out of the recovery and is poised to continue to grow substantially. Cityside Huntington Metro Apartments currently serves low-income and moderate-income residents, and with the addition of new rent restrictions as part of this acquisition, will continue to provide long-term stability for working families and give them opportunities to affordably live where they work. "Lincoln Avenue Capital is focused on developing solutions that move forward the affordable housing field," said Jeremy Bronfman, CEO of Lincoln Avenue Capital. "We are proud to partner with the Amazon Housing Equity Fund and Fannie Mae to provide this long-term investment in homes for hardworking families." "We created the Amazon Housing Equity Fund to help give people more peace of mind about their homes," said Catherine Buell, Director of the Amazon Housing Equity Fund. "Housing insecurity is a reality for so many families, so we are supporting affordable housing developers, nonprofit and for-profit, to be more competitive in creating or preserving homes where affordability would have otherwise been lost. Our partnership with Lincoln Avenue Capital is our latest effort within this work to help build strong communities." "For decades, Fannie Mae has been committed to leadership within the housing finance industry and to working with partners to create opportunities for the creation and preservation of affordable homes," said Tim Leonhard, Senior Managing Director at Berkadia Commercial Mortgage. "We at Berkadia are equally committed to affordable housing and are very pleased to support this impactful endeavor by providing a highly structured and competitive Fannie Mae loan." Cityside Huntington Metro Apartments, which Lincoln Avenue Capital acquired through an affiliate entity, features a variety of amenities including an outdoor swimming pool, a courtyard lounge with barbecue grills, a fitness center, a rooftop sundeck and lounge, a playground, and Amazon lockers. The property is also located within walking distance to the Huntington Metro Station, which offers a convenient commute to the broader Northern Virginia and DC areas. About LAC:   Lincoln Avenue Capital is one of the nation's fastest-growing developers, investors, and operators of affordable and workforce housing, providing high-quality, sustainable homes for low- and moderate-income individuals, seniors, and families nationwide. LAC is a mission-driven organization that serves residents across 17 states, with a portfolio of 100 properties comprising 17,000+ units. View original content to download multimedia: https://www.prnewswire.com/news-releases/lincoln-avenue-capital-acquires-virginia-property-with-support-from-the-amazon-housing-equity-fund-and-fannie-mae-301441740.html SOURCE Lincoln Avenue Capital

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

3 Partners and customers

Berkadia Commercial Mortgage has 3 strategic partners and customers. Berkadia Commercial Mortgage recently partnered with Local Logic on February 2, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

2/16/2022

Vendor

Canada

Local Logic Selected to Berkadia's BeEngaged Network

Connect with Berkadia and its corporate partners to conduct critical discovery research on Local Logic 's insights around transportation emissions , quantifying livability , and other ESG reporting metrics .

1

5/7/2019

Partner

United States

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10

3/28/2019

Partner

United States

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10

Date

2/16/2022

5/7/2019

3/28/2019

Type

Vendor

Partner

Partner

Business Partner

Country

Canada

United States

United States

News Snippet

Local Logic Selected to Berkadia's BeEngaged Network

Connect with Berkadia and its corporate partners to conduct critical discovery research on Local Logic 's insights around transportation emissions , quantifying livability , and other ESG reporting metrics .

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Sources

1

10

10

Berkadia Commercial Mortgage Team

6 Team Members

Berkadia Commercial Mortgage has 6 team members, including current Executive Vice President, Darren Wesemann.

Name

Work History

Title

Status

Darren Wesemann

Executive Vice President

Current

Heather Olson

Managing Director

Current

Hugh Frater

Fannie Mae, Good Energies, BlackRock, and Lehman Brothers

Chief Executive Officer

Former

Philip Brooks

Senior Vice President

Former

Mike McKinney

Senior Vice President

Former

Name

Darren Wesemann

Heather Olson

Hugh Frater

Philip Brooks

Mike McKinney

Work History

Fannie Mae, Good Energies, BlackRock, and Lehman Brothers

Title

Executive Vice President

Managing Director

Chief Executive Officer

Senior Vice President

Senior Vice President

Status

Current

Current

Former

Former

Former

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