Special Situations

Tailored strategies for special situations

Berkadia Special Situations specializes in delivering creative solutions for distressed and complex real estate assets. By leveraging Berkadia’s deep local expertise, broad national platform, and proprietary buyer relationships, our professionals help lenders, servicers, and stakeholders navigate complexity, enhance outcomes, and protect value at every stage of the process. 

We are the living-sector special situations platform built by the nation’s leading multifamily lender – designed to protect recoveries, compress timelines, and maximize certainty in distressed outcomes.  

Our integrated team partners with banks, debt funds, special servicers, institutional investors, and developers to guide assets and loans through every phase of the distressed lifecycle, from strategic assessment to market execution. With proven experience across all living sectors and select alternative property types, Berkadia delivers the clarity, optionality, and execution power clients need to navigate today’s evolving market. 

Track Record

Berkadia’s Investment Sales Volume for Special Situations Transactions
Transaction
Volume
Transactions
$620M
in Special Situations investment sales volume closed since 2024
Pipeline
Volume
$1B
in Special Situations assignments currently in the pipeline
Market
Coverage
Transactions
45+
U.S. markets served by Berkadia’s Special Situations platform
Active Client
Relationships
Transactions
60+
active investor and lender relationships engaged in Special Situations

Featured Transactions

Cassa Hotel

Cassa Hotel

70 W. 45th Street
New York City
NY 10036
Sold

Glenwood Farms

3753 Bolling Road
Richmond
VA 23223
Sold

RESEARCH, INSIGHTS and news

Access the latest market-driven insights, research and news from Berkadia.

Research

Berkadia 2026 Multifamily Forecast Market Report – National

Learn More
Research

Berkadia 2026 Multifamily Forecast Market Report – Albuquerque

Learn More
Research

Berkadia 2026 Multifamily Forecast Market Report – Ann Arbor

Learn More
Research

Berkadia 2026 Multifamily Forecast Market Report – Atlanta

Learn More

Leadership

Kyle Stevenson

Sr. Managing Director - Head of Special Situations

Ernest Katai

Executive Vice President – Head of Production

Dori Nolan

Senior Vice President - Institutional Client Engagement

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 special situations one-sheeter today and learn more. 

Learn More

Want to Connect?

Please complete the form and we’ll get back to you shortly.
Close