Berkadia Commercial Mortgage, based in Horsham, Pa., has announced plans to add fixed-rate loans for inclusion in commercial mortgage-backed securities (CMBS) in 2011.Â
An additional option under development is a short-term floating-rate loan program to provide interim financing to select multifamily borrowers with pending Fannie Mae or Freddie Mac executions. Berkadia's Agency Lending Group will manage the bridge-loan program.
‘We are in discussions with potential capital markets partners,’ says Joseph Franzetti, senior vice president.
SOURCE: Berkadia Commercial Mortgage