NEW YORK--(BUSINESS WIRE)--Berkadia, an industry-leading commercial real estate company, today announced the expansion of its mortgage banking team in Bethesda, Maryland, effective immediately. J. Tyler Blue, Andrew Coleman, Ted Hermes and Paul Wallace join the Bethesda office as managing directors. Blue will direct the Mid-Atlantic capital markets group with a focus on originating debt, equity and investment sales opportunities. Coleman will take the lead running Berkadia’s National Hospitality group.
“This move demonstrates our commitment to provide more value for our clients through the addition of personnel and products to our integrated mortgage banking, investment sales and servicing platform,” said Justin Wheeler, CEO of Berkadia. “We immediately become a stronger company with this expansion of our Bethesda office. Tyler, Andy, Ted and Paul bring an incredible amount of mortgage banking and commercial real estate experience to the table.”
Blue, Coleman, Hermes and Wallace join from Walker & Dunlop, and bring with them a combined seven decades of experience. Blue served as executive vice president, Coleman and Hermes as senior vice presidents and Wallace as vice president in the Mortgage Banking and Capital Markets groups. As a group, they provided financing solutions to commercial real estate developers and owners throughout the Mid-Atlantic region with consistent annual originations of well over $1.5 billion. At Berkadia, the group will be responsible for originating loans for all of Berkadia’s available capital sources with a focus on the Washington, D.C./Baltimore region.
“This group of individuals has a proven track record working together,” said Ernie Katai, Executive Vice President and Head of Production at Berkadia. “Adding them to our extensive network of more than 130 mortgage bankers helps deepen our expertise and capabilities across our platform, and specifically in the Mid-Atlantic region.”
“Berkadia’s integrated platform offers our team capabilities that we haven’t had before,” added Blue. “We look forward to making an immediate impact and helping Berkadia’s current and future clients with all of their commercial real estate financing needs.”
About Berkadia®:
Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry-leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia is among the largest, highest rated and most respected primary, master and special servicers in the industry.
As a Freddie Mac Program Plus lender, Fannie Mae DUS(r) Multifamily Seller/Servicer, insurance company correspondent, and HUD, MAP and LEAN originator and servicer, Berkadia provides access to capital and flexible, customized lending and servicing solutions for the acquisition, construction, rehabilitation and refinance of multifamily and commercial properties. Berkadia also provides interim and short-term financing through its Proprietary Bridge Lending Program. To learn more about Berkadia, please visit www.berkadia.com.
Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc.
Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc.