MILWAUKEE – May 7, 2019 – Berkadia today announced it would be expanding its Midwest footprint with the opening of its newest office in Milwaukee. Industry veterans Mark Dellonte and Amy Barry (a native of Shorewood, Wisconsin), the team’s Senior Managing Director and Director of Operations, respectively, will be based at the new Berkadia branch office in the Historic Third Ward of Milwaukee:
342 North Water Street
Milwaukee, WI 53202
“After a strong year in 2018, we are continually looking for ways to strategically expand our mortgage banking platform, aimed at providing best-in-class service in every major market across the company,” said Hilary Provinse, Berkadia’s executive vice president and head of mortgage banking. “Welcoming Mark and Amy furthers our progress towards that goal, bolstering our team in the Midwest region and expanding our national FHA/HUD presence.”
Dellonte brings nearly three decades of commercial real estate experience to Berkadia. He will report to Steve Ervin, senior vice president and head of HUD, and will be responsible for enhancing Berkadia’s overall offerings and capabilities, including FHA/HUD financing in the Wisconsin markets and Midwest region. Prior to Berkadia, Dellonte served as President and CEO of Love Funding Corporation. Under his leadership, the company became one of the top 10 FHA commercial lenders in the country.
Barry joins Berkadia with more than 28 years of experience in real estate finance, investment analysis and strategic planning. During a 17-year tenure with Fannie Mae, she served in multiple roles, including Director of Program Management, Chief of Staff to Fannie Mae’s CAO and Director of Low Income Housing Tax Credit Investments and Capital Management. Barry will also report to Steve Ervin.
“We are thrilled to bring the full-suite of Berkadia mortgage banking services to a dynamic Milwaukee market. Along with new business development, one immediate focus is going to be on growing our new office through recruiting and developing talent from the area to join us at Berkadia,” said Dellonte.
“I could not be more excited to return home to Milwaukee! We are very proud to have the full support of Berkadia in providing financial opportunities for critical things like affordable housing development, Opportunity Zone investment and housing enhancement,” added Barry.
In 2018, Berkadia’s loan origination volume was over $26 billion, with 1,388 loans closed and over $18 billion in combined agency loan volume.