Berkadia Commercial Mortgage LLC, the joint venture of Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) and Leucadia National Corp. (LUK), is expanding in Florida as it prepares for an end to the state’s real estate slump.
Thanks to steady demand drivers, as well as built-in exit strategies courtesy of Fannie Mae and Freddie Mac, lenders favored multifamily over other asset types through the recession.
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