Berkadia To Originate Fixed-Rate Loans For CMBS Securitization

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

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