BOSTON—CBRE Group reports that it has hired Steve Wendel as FHA Lending Head of Production for its capital markets multifamily division based here.
Company officials say Wendel, formerly with Berkeley Point Capital, will play a key role in CBRE’s planned expansion of its FHA lending platform for both multifamily and seniors housing loans.
“Steve is an accomplished commercial real estate investment professional with nearly three decades of experience,” says Stephanie McFadden, managing director, FHA Lending, CBRE Capital Markets. “We look forward to his leadership of our production team, along with his extensive experience and strategic vision as we continue to grow our FHA team.”
As executive managing director with Berkeley Point Capital, Wendel led the FHA, seniors and student housing programs. He previously served as managing director, co-head, at Deutsche Bank Berkshire Mortgage and as managing director, head of commercial real estate, at ContiFinancial Corp.
He is a member of the Mortgage Bankers Association‘s Commercial/Multifamily Board of Governors and also serves as chairman of the MBA’s FHA Advisory Committee and as vice chairman of its Multifamily Council.