Affordable Housing
The Value of Community
As the call for affordable housing increases, so does the complexity and competition across the market. Berkadia Affordable Housing brings a balance of drive, versatility and focus that comes only from deep experience in local, state, and federal regulatory and financing environments.
Partnering with Berkadia Affordable Housing comes with our promise to provide clear and steady guidance from start to finish. Whether you’re looking to preserve and enhance existing affordable homes or create beautiful new properties, we look forward to partnering with you on this vital mission.
Integrated Investment Solutions
Track Record
2022 was another record-setting year for Berkadia Affordable Housing. We were ranked Freddie Mac’s #1 Affordable Housing lender.
Transactions
Closed
$5.2B
Mortgage
Banking
$3.5B
Investment
Sales
$1.5b
LIHTC
Equity
$204M
Featured Affordable Housing Investment Opportunities
Bristol Downs
Montgomery, AL
288 units
The Orchards at Wildewood
La Vista, NE
48 units
Terrace Spring
Raleigh, NC
48 units
Silver Creek
Post Falls, ID
82 units
RESEARCH AND INSIGHTS
Access the latest market-driven insights and research from Berkadia.
“There’s no greater need in the marketplace, and no more important mission for our partners, than strengthening communities by creating affordable housing opportunities for families across the nation.”
David Leopold
Senior Vice President &
Head of Affordable Housing
Featured Recent Transactions
Mortgage Banking
Cityside Huntington Metro Apartments
Alexandria, VA
Financed: $97M
569 units
Highlands at East Atlanta
Atlanta, GA
Financed: $40M
250 units
Steinbeck Commons
Salinas, CA
Financed: $25M
100 units
Davidson’s Landing
Kansas City, KS
Financed: $10M
115 units
Investment Sales
Monterra
Hollywood, FL
300 units
Fields of Leesburg
Leesburg, VA
405 units
Residences at University Hills
Denver, CO
101 units
Liberty Commons
Columbus, GA
172 units
Tax Credit Syndication
Park Station Lofts
Chicago, IL
$19M
58 units
Vincent Village
Greeley, CO
$12M
72 units
Rehoboth Place Apartments II
Wyoming, MI
$11M
66 units
CLIENT STORIES
Credit facility executions allow borrowers to arrange flexible financing terms for a portfolio of properties on a cross-collateralized and cross-defaulted basis, with property addition, property release, property substitution, and borrow-up capabilities for all asset classes. Kairos Investment Management Company and Berkadia secured a $175 million credit facility backed by Fannie Mae.
We recently partnered with Freddie Mac and Spira Equity Partners to help rehabilitate and preserve 392 units of affordable housing for the residents of Brittany Bay Apartments. Brittany Bay has the most units of any community in a High Opportunity Area that Freddie Mac has financed.
The Fairfield Affordable Housing Preservation Fund is focused on acquiring rent and income-regulated affordable housing assets in markets throughout the U.S. The Fund is Fairfield’s first affordable housing-focused investment vehicle open to third party investors and will leverage Fairfield’s 20-year history of investing and managing LIHTC multifamily assets.
A lot with a vacant commercial building that’s fallen into disuse has been transformed into new housing for Los Angeles’ homeless community by development company and Berkadia partner, Aedis Real Estate Group. Berkadia originated $50 million in Freddie Mac’s TEL forward commitments that will finance Hope at Avalon, as well as two sister projects Hope on Broadway and Hope on Hyde Park.
JASA is a longtime Berkadia client and non-profit organization committed to the safety, health, and well-being of seniors. Recently, Berkadia financed $46M+ in loans for two JASA properties under the HUD 223(f) program. In addition to repairs and upgrades, the higher leveraged, low interest rate loans enabled JASA to allocate funds to programs benefiting their residents.
Want to Learn More?
At Berkadia, our capital strength, market knowledge, breadth of experience and deep industry relationships ensure that we can deliver the certainty of execution that our clients depend on.
Read our affordable housing brochure today and learn more.
WANT TO CONNECT?
Please complete the form and we’ll get back to you shortly with more information.
Leadership
Mortgage Banking Team
Matthew Baptiste
Franklin Brown
Anthony Cinquini
Chris Crump
Liz Diamond
Fred Dockweiler
Jerry H. Getant
Lloyd Griffin
Jeff Lawrence
Tim Leonhard
Joseph Mandeville
Matthew Napoleon
Investment Sales Team
Bruce Furniss
Brandon Grisham
Jeff Irish
Jordan Skyles
Tax Credit Syndication Team
Andrew Anania
Investor Relations
Brian Blanchard
Acquisitions
Corine Sheridan
Acquisitions
Susan Moro
Transaction Management
Marge Novak
Capital Markets
Chaz Ramos
Fund Management
Zenzi Reeves
Asset Management
Drew Ries
Finance & Operations
Property
Acquisition Portal
Here, you can login or register, and manage your email preferences to ensure you receive only the most relevant investment opportunities, research, and insights.