Berkadia Commercial Mortgage is adding a fixed-rate loan for inclusion in new commercial mortgage-backed securities to the products offered through its national mortgage banking network.
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The company said the new loan is slated to be available in the beginning of 2011 and that senior vice president Joseph Franzetti will manage the fixed-rate loan origination program.
The company said it also has under development a plan for a short-term floating-rate loan program to provide interim financing to select multifamily borrowers with pending Fannie Mae or Freddie Mac executions.
It said it plans to manage the multifamily option through its agency lending group, which is led by executive vice president John Cannon.
