Berkadia New York Team

To no one’s surprise, 2020 was a challenging year. Navigating the pandemic and its effects on the workplace, personal lives and the effect on clients, their families, operations teams and properties, proved difficult, to say the least. However, the Berkadia New York team (Stewart Campbell, Yuri Kletsman, Marc Possick, Jonathan Flynn, Charles Rigoglioso, John Siegati and Robert Lipson) was able to work through the myriad of challenges and deliver for their clients and community. Closing more than $1.5 billion in 2020, Berkadia New York’s production was heavily weighted on agency financing (FNMA, FHLMC) with some CMBS, debt fund and regional bank business. 

The challenge in many of the team’s local urban markets was trying to determine the short-term and potentially longer-term effects the pandemic was having on tenant’s ability to pay rent, property occupancy levels and market rent levels. Eviction moratoriums and owner concession programs were also new to the market. These issues were especially challenging for new buildings entering lease-up. In this regard, Berkadia New York was able to marshal Berkadia’s data and analytics resources to help analyze the issues with historical and real-time data. Additionally, a shortage of affordable housing has long been an issue in the New York markets and the team was able to facilitate a number of new projects that helped fill this need.  

These are some of the reasons we selected the Berkadia New York team for inclusion in our first-ever Top Mortgage brokers and Lenders Awards. These awards recognize industry professionals who have demonstrated the highest standards in commercial real estate finance.