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 Refinances Portfolio of Florida Memory Care Communities
    Berkadia’s Seniors Housing & Healthcare Group refinanced a portfolio of six small memory care communities in central Florida. When we say small, we mean it, as each property featured six units. Occupancy was a combined 99% at the time of underwriting and has consistently been fully occupied with... Read more
    Published on: March 07, 2021 By Ben Swett
  • Berkadia’s HUD Bonanza
    Berkadia’s Seniors Housing & Healthcare Group has been hard at work with HUD deals so far this summer, with over $50 million in closings in June and July. The transactions were all closed for skilled nursing clients in three states across the country. Jay Healy and Bianca Andujo... Read more
    Published on: July 28, 2020 By Ben Swett
  • 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

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.