Berkeley Point Expands Financing Options to Include Bridge Loans and CMBS
NEW YORK, April 17, 2014 /PRNewswire/ -- Berkeley Point Capital LLC ("Berkeley Point"), one of the nation's leading providers of multifamily capital solutions, with exceptional servicing and asset management capabilities, today announced it is now providing clients with expanded access to financing options for all commercial properties types, including office, retail, hospitality, industrial, mixed-use, self-storage, and non-agency multifamily properties. Berkeley Point will now offer a broader set of financing solutions through CMBS and bridge loans, in addition to Fannie Mae, Freddie Mac, and FHA financing.
"We worked diligently to broaden the range of financing options we offer to our clients, and are excited now to deliver a full spectrum of commercial real estate capital markets products for all major property types," said Jeff Day, Chief Executive Officer of Berkeley Point Capital. "Our team's experience and unwavering commitment to excellence in execution is at the heart of our strategy to build scale as a premier financing solutions provider and deepen our relationship with clients. We believe our business is superbly positioned to thrive and grow with a broader and deeper platform, opening up tremendous new opportunities for our clients while attracting the most talented real estate professionals in the industry."
Michael C. May, Management Committee Member at Berkeley Point Capital, and former Executive Vice President and Head of Multifamily at Freddie Mac said, "Multifamily financing has undergone dramatic changes over the last ten years as consolidation in the industry has led to commoditized debt offerings. Clients are increasingly looking for a trusted provider that can address all of their financing requirements. With this expansion of financing options, backed by our strong credit culture, Berkeley Point is well on the way to becoming the industry's premier provider of multifamily financing."
About Berkeley Point Capital
Berkeley Point Capital LLC, a CCRE company, is a premier single-source solution for all financing, servicing and asset management needs. The Berkeley Point Capital team and its affiliates consist of more than 300 dedicated real estate professionals in 15 offices nationwide. The firm boasts a 25+ year history and a servicing portfolio of over $26 billion representing in excess of 2,000 loans in 45 states and the District of Columbia. This extensive and diverse national platform allows Berkeley Point to provide clients with superior execution in every market in the country. The firm offers the full complement of financing programs including Fannie Mae, Freddie Mac, FHA, Life Company, CMBS, and bridge loans.
SOURCE Berkeley Point Capital LLC