Berkadia Offering Fixed-Rate Loans

HORSHAM, PA-Next year, Berkadia Commercial Mortgage will begin offering  fixed-rate loans that will be included in a new generation of CMBS loans. Joseph Franzetti, a senior vice president hired earlier this year from Cohen Financial, will head up the new program.

Franzetti tells GlobeSt.com that he sees a demand for office, retail and some warehouse buyers to have interest in the program but does not see much of an interest on the hotel side. “We certainly see that our borrower clients have been looking to find sources of capital markets [alternative to] the usual banks or insurance companies,” he says.