Home / News / Secondary Market / Berkadia Commercial Mortgage Adds to Its Team
Print This Post Print This Post

Berkadia Commercial Mortgage Adds to Its Team

""Berkadia Commercial Mortgage"":http://www.berkadia.com has added three key executives to its ranks within the last few weeks.
[IMAGE] Industry veteran Luther Peacock has joined the company as chief risk officer. He will be based at Berkadia's New York City office and is responsible for evaluating and controlling Berkadia's risk related to credit, counterparties, interest rates, and liquidity. Peacock will be actively involved in loan transactions to help minimize risk, serve on the firm's asset liability committee, and will oversee Berkadia's credit committee.

Peacock has more than 20 years of commercial real estate experience, including 11 years working in key positions at Morgan Stanley. Since 2009, he has provided risk assessments, investment valuations, and investment advice to clients on an independent basis and through several advisory organizations.

Stephannie Mower has been named managing director and will lead the company's newly launched Investment Client Services business in Dallas. This new division will operate independently from Berkadia's servicing and loan origination businesses, and will provide services related to real estate investment sales nationwide.

[COLUMN_BREAK]

Mower's previous experience includes her most recent role as executive director and head of Dallas capital markets for Cushman & Wakefield of Texas, where she led a team that in 2010 closed nearly 60 transactions on behalf of developers, institutions, and special asset clients. She also instituted the third-party services division with Insignia Financial Group and served as a front line executive in the acquisition of 67 firms in 11 years.

Mower says with the appetite for real estate investment holding steady through the initial stages of the commercial sector's recovery, investment services represents a significant market opportunity for Berkadia's strategic growth.

Mortgage banker Mike Duggan has joined Berkadia's St. Louis office, which is the center of operations for the firm's HUD and Federal Housing Administration (FHA) platform.

Duggan, named a VP at Berkadia, has more than 20 years' experience in commercial real estate finance. His career includes two years with Gershman Investment, a St. Louis-based HUD/FHA lender, and more than 12 years with Capmark, the former owner of Berkadia's loan origination and servicing businesses. Earlier, he spent five years with Hanover Capital Mortgage Corp.

Berkadia Commercial Mortgage is a special, master, and primary servicer of commercial real estate loans, managing a portfolio of more than $209 billion.

As a correspondent for insurance companies and other institutional lenders and an approved lender for Fannie Mae, Freddie Mac, and HUD/FHA, Berkadia also offers clients access to capital sources for the acquisition, construction, rehabilitation, or refinance of commercial real estate properties.

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.
x

Check Also

FHFA Seeks Input on Universal Mortgage-Backed Securities Practices

After the completion of the Single Security Initiative, the FHFA is planning its next steps for the Uniform Mortgage-Backed Security, including UMBS prepayment speeds and alignment.

GET YOUR DAILY DOSE OF DS NEWS

Featuring daily updates on foreclosure, REO, and the secondary market, DS News has the timely and relevant content you need to stay at the top of your game. Get each day’s most important default servicing news and market information delivered directly to your inbox, complimentary, when you subscribe.