LOS ANGELES – March 09, 2017 – Berkadia’s Los Angeles team was recently recognized as the 2016 top conventional seller/servicer office by Freddie Mac in the western region for multifamily loans for the third consecutive year. The office originated $3.16 billion with Freddie Mac in 2016, representing 72 loans secured throughout the country. Berkadia’s Los Angeles office 2016 production with Freddie Mac increased more than a 25 percent over 2015, a year in which they were also the top office in Freddie Mac’s western region.
“Berkadia is proud to recognize our Los Angeles mortgage banking team for the third year in a row. Their continued in-depth knowledge of the programs, deep relationships with the Freddie Mac team and relentless desire to serve their clients has clearly led to their success,” said Ernie Katai, executive vice president and head of production at Berkadia. “It’s work like this being completed by Berkadia offices—in Los Angeles and across the country—that underscores the reason why, on a nationwide combined basis, Berkadia is number one with Freddie Mac, Fannie Mae and HUD, as well as having the distinction of being the one and only lender ranked in the top four within all of these organizations.”
In 2015, Berkadia’s Los Angeles team originated $2.52 billion, and in 2014, they secured $1.79 billion in financing through Freddie Mac.