Berkadia

Berkadia is one of the largest providers of third-party commercial mortgage servicing options in the US.  Berkadia offers access to a broad selection of commercial real estate financial services and has a team of experts with an average of 25 years of experience.  The company is a leading approved vender for Fannie Mae, Freddie Mac, and HUD/FHA.  Their mortgage banking team has wide-ranging experience in multi-family, retail, office, industrial, seniors housing, student housing, and manufactured housing communities.


Berkadia In The News

  • Berkadia Closes Three Financings for SNF Clients
    Berkadia announced a series of loan closings last month totaling $57.2 million. There were four HUD financings, including three loans totaling $26.2 million closed for a portfolio of three skilled nursing facilities in Washington. Jay Healy arranged the financing for a Washington-based owner/operator, which used the proceeds to... Read more
    Published on: January 10, 2020 By Ben Swett
  • Inland Private Capital Corporation Makes First Seniors Housing Acquisition
    As part of its larger disposition/restructuring strategy, Capital Senior Living Corporation announced in its third quarter earnings report that it sold two non-core independent living communities in Peoria, Illinois and Springfield, Missouri, generating some healthy proceeds in the process. The communities sold for a combined $64.75 million, or... Read more
    Published on: November 08, 2019 By Ben Swett
  • Long-Time Lessee Acquires SNF Portfolio
    To say that the buyer of a portfolio of nine skilled nursing facilities located across the eastern United States was familiar with the properties may be an understatement. That is because the Tennessee-based operator has leased the buildings since 2004 and finally jumped on the opportunity to purchase... Read more
    Published on: September 25, 2019 By Ben Swett
  • Busy Berkadia Closes Two Transactions
    Berkadia has been busy this August, closing the sale of one senior living community and arranging financing for the development of another one. Joe Leon and Michael Thagard handled the sale, which featured a 310-unit independent living community in Westminster, California. The seller was the Zinn Group, controlled... Read more
    Published on: August 23, 2019 By Ben Swett
  • The Tale of Two SNFs
    Every now and then, there is a transaction that really highlights the two diverging skilled nursing markets. On the one side are the older, traditional SNFs that struggle with high Medicaid censuses, rising physical plant costs and shrinking operating margins, and often end up selling for under $50,000... Read more
    Published on: June 11, 2019 By Steve Monroe

Related Experts

Steve Ervin

1207_servinSenior Vice President, Berkadia

Stephen J. Ervin co-heads the Seniors Housing and Healthcare Group at Berkadia. He is responsible for oversight of origination, underwriting, quality control and closing of loans related to all aspects of Seniors Housing and Healthcare including independent living facilities, assisted living facilities, skilled nursing and hospitals through Fannie Mae, Freddie Mac, HUD and Berkadia’s proprietary loan program. Prior to joining Berkadia, Mr. Ervin ran the HUD group for Walker & Dunlop and Column Guaranteed and successfully built that group from the ground up to financing over $1 billion HUD loans with a focus on the healthcare sector. He is an active participant in many HUD associations. He is a member of the HUD Eastern Lenders Association, MBA’s Multifamily Steering Committee and the Committee on Healthcare Finance. Prior to joining Column, he held positions as Deputy Chief Underwriter for Love Funding where he was responsible for oversight of all underwriting operations. Mr. Ervin has also worked as a contractor to HUD’s multifamily division and Ginnie Mae while working for Ervin and Associates and Phoenix Ventures. Steve started his career at Ernst & Young after graduating from Georgetown University with a bachelor’s degree in accounting.

Daniel J. Biron

1104bironSenior Managing Director of Seniors Housing, Berkadia

Mr. Biron has nearly 25 years of health care finance experience, including 16 years in various finance capacities with national nursing home operators. His extensive background in health care operations brings a unique perspective to his position as Managing Director of Lancaster Pollard Mortgage Company’s health care programs. Prior to joining Lancaster Pollard Mortgage Company, Mr. Biron was a Director at Credit Suisse within the Real Estate, Finance and Securitization Group, in which he was responsible for structuring and negotiating over $5 billion in public to private securitizations of skilled nursing and assisted living portfolios. Prior to Credit Suisse, he was Senior Vice President of Administration for Life Care Centers of America, a long-term care provider with greater then 300 facilities nationwide, Mr. Biron oversaw a $500 million bridge financing to HUD, the first of its kind in the HUD health care finance arena and numerous other responsibilities. Mr. Biron serves as a Board of Director of the National Investment Center for the Senior Housing & Care Industry (NIC) and the American Senior Housing Association (ASHA). He has spoken at the annual conferences for NIC , American Seniors Housing Association and American Health Care Association.