New York, New York – April 15, 2026 – Berkadia, a distinguished leader in the commercial real estate sector, announced today that its FHA/HUD platform originated more than $494.5 million in volume in the first quarter of 2026. This milestone underscores Berkadia’s strength in the commercial real estate space and its commitment to simplifying the complexities of HUD insured financing.
During calendar Q1, the platform closed 17 transactions—the highest first‑quarter total in the past five years—including $410.4 million in multifamily production. Of the $410.4 million, 55% were HUD 221(d)4 new construction/sub‑rehabilitation and 45% HUD 223(f) refinances.
“2026 is off to a strong start, and we’re optimistic about the momentum ahead,” said Steve Ervin, SVP – Head of FHA & Seniors Housing Finance. “Under the leadership of Secretary Turner, HUD has streamlined regulations, empowered underwriting‑level decisions, and removed unnecessary hurdles—reducing internal queues, driving significant increases in healthcare and multifamily closings, and saving borrowers millions through lower costs and premiums. These improvements only deepen our commitment to HUD and strengthen our partnership going forward.”
A few notable transactions include:
- Kingsborough Square | $43.3 million | New Construction | Chesapeake, Virginia
- Surrey Apartments | $9 million | Acquisition Rehab | Memphis, Tennessee
- Artisan Grove | $70 million | New Construction | Helena, Montana
Outpacing competitors by more than 50%, Berkadia ranked as the #1 HUD Multifamily Lender and the #1 HUD New Construction/Sub‑Rehab Lender in 2025, with $1.3 billion in financing across 41 transactions, including $703.9 million in new construction/sub‑rehab loans.
Berkadia’s FHA/HUD platform has industry leaders that guide clients through the intimidating yet rewarding world of FHA financing. Nationwide, Berkadia’s experts serve as committed partners, equipped with tools, knowledge, and relationships to help clients achieve their goals.