Originator and servicer Berkadia Commercial Mortgage LLC, Horsham, Pa., has appointed Hugh F. Frater to replace departing chief executive officer Michael I. Lipson.
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Frater previously was chief operating officer, managing director and senior advisor at Good Energies Inc., a global private investor in renewable energy.
His mortgage-related experience includes serving as executive vice president at PNC Financial Services Inc., where he led the real estate division, and serving as CEO of PNC's loan servicing and software development subsidiary, Midland Loan Services.
