New York, New York – January 28, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, is pleased to announce the establishment of Berkadia Special Situations team, led by Kyle Stevenson.
Berkadia Special Situations will advise lenders, banks, debt funds, and special servicers on divestment strategies to manage risk and recover capital.
“We are thrilled to have Kyle establish our Special Situations team in response to the growing level of distress we are seeing in the capital markets,” said EVP – Head of Production Ernie Katai. “I am confident that Kyle’s unique expertise coupled with Berkadia’s national market coverage will yield the best outcomes for clients facing deteriorating asset performance.”
“I look forward to leading Berkadia’s Special Situations team and partnering with the broader Berkadia network to better serve our clients,” said Stevenson. “My goal is to help clients navigate often nuanced and complex distressed situations by clearly outlining their options so they can achieve the best possible outcomes and maximize recoveries.”
Stevenson previously served as a Senior Managing Director on Berkadia’s Hotel & Hospitality platform, structuring and advising on more than $2 billion in sales transactions. Stevenson was first exposed to distressed hotel asset sales during the COVID-19 pandemic and the unprecedented challenges it presented for the commercial real estate industry.
The establishment of this new group marks a major milestone for Berkadia, strengthening its position as a leading capital markets advisor and underscoring its commitment to deliver innovative solutions and excellence in client service.