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Berkadia Adds Three Directors to Mortgage Banking Team

New York-based Berkadia today announced the addition of three new members to its mortgage banking team: Managing Directors Carolyn Whatley and Laura Beaton, as well as Senior Director George Spadier. Berkadia’s mortgage banking team employs more than 135 advisers in 31 offices across the country. In 2018, Berkadia’s loan origination volume was over $26 billion, with 1,388 loans closed and over $18 billion in combined agency loan volume.

“2018 was a great year for our mortgage banking team and we’re optimistic as 2019 gets underway. Economic fundamentals remain strong and multifamily demand is solid, but more than that, we’re energized by the incredible talent we’re continuing to attract to Berkadia,” said Hilary Provinse, EVP and Head of Mortgage Banking.

“Bringing Carolyn, Laura and George onboard enhances our regional and product expertise and is another step in our ongoing effort to cultivate best-in-class talent in every major market across the company,” continued Provinse. “We continue to broaden and diversify our offering—our recent approvals for Fannie Mae and Freddie Mac small balance loan programs being one example—while we’re simultaneously adding strategic expertise and experience to our team. As our industry, and our organization, increases its focus on technology and product innovation, we remain cognizant that people—our teams and our clients—are the cornerstone of our business and that nurturing and supporting our deep client relationships is what will truly propel us forward.”

Whatley brings more than 30 years of multifamily commercial real estate experience to Berkadia’s HUD team. She will report to Steve Ervin, SVP and Head of HUD and will help to expand Berkadia’s work with HUD, particularly in the Southeast. Prior to Berkadia, she was a Director and SVP at Capital One Multifamily Finance, where she was responsible for the origination and analysis of loan requests for multifamily and healthcare properties nationwide with a focus on FHA/HUD programs. In 2018, she completed more than $130 million in financing.

Beaton joins Berkadia’s Boston office from Walker & Dunlop, where she served as VP and focused on providing debt solutions for commercial property owners, specializing in multifamily including market rate, affordable, and seniors housing and closing over $2 billion in agency loans. She will be growing Berkadia’s footprint in the Northeast region, working alongside the Boston team and reporting to Senior Managing Director Ryan Nelson.

Spadier will be based out of Berkadia’s Los Angeles office, which completed more than $2.2 billion in financing in 2018. He will report to Senior Managing Director Ed Zimbler and work closely with the existing team to deepen client relationships and expand Berkadia’s reach in the competitive Southern California market. He joins Berkadia from Sunrise Mortgage & Investment Co., where he served as VP and was responsible for arranging financing for multifamily, industrial, self-storage, retail, and office properties throughout the United States.

About Author: David Wharton

David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 15 years of experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at David.Wharton@theMReport.com.
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