In 2015, Berkadia, Berkshire Hathaway’s joint venture with Leukadia, was the second largest Freddie Mac Program Plus lender and the third largest Fannie Mae DUS lender for multifamily loans.
Berkadia arranged $6.35 billion with Freddie Mac in 2015, up from $4.4 billion the year prior, which was the fourth consecutive year that the company has been named the second largest lender.
Berkadia was also in the number one spot as the top DUS Producer for seniors housing in 2015 by Fannie Mae, up from second in 2014, as well as the top Program Plus Seller in the Western Region by Freddie Mac for the second year in a row.
“Berkadia’s rankings speak volumes to our teams’ deep expertise and dedication to delivering the best financing across the country,” said Berkadia CEO Justin Wheeler. “We are extremely proud of our continued performance and strong record as a top Fannie Mae and Freddie Mac lender, and we look forward to building upon our momentum in 2016.”
In 2015, Freddie Mac provided nearly $47 billion in multifamily loans, accounting for 650,000 units. Fannie Mae settled $42.3 billion in financing for the multifamily market, comprising 569,000 multifamily units.
© 2016 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.