PHOENIX—Berkadia Commercial Mortgage LLC announces the acquisition of Keystone Commercial Capital, a full-service commercial mortgage banking company headquartered in Phoenix.
Founded in 2007 by managing partners Charlie Williams and Scott Holland, Keystone services more than $2 billion in commercial real estate loans for a diverse base of capital providers and maintains relationships with 23 of the country’s leading life insurance companies, as well as other conventional lending sources. This transition to Berkadia is inclusive of partners Jon Krieger, Ryan Nelson, Gene Kim and the entire Keystone origination and support staff.
Ernie Katai, EVP and head of production at Berkadia tells GlobeSt.com, “Keystone is the perfect fit for us; together we have the synergy that will put everything into place. What Keystone will bring to the table is phenomenal mortgage banking experience. It just didn’t make sense not to have that presence in a market like Phoenix, where we already have our investment sales team with Hendricks-Berkadia. It needed to happen; we couldn’t be happier.”
The transaction will add 16 employees to Berkadia through offices in Boston and San Diego, in addition to Phoenix, reinforcing Berkadia’s nationwide presence in more than 50 locations. Williams will continue to oversee operations in all three offices from Phoenix.
“The number of capital providers has grown in recent years, and Berkadia has invested significant time in developing relationships—particularly with life insurance companies—to expand our financing capabilities,” says Katai. “This demonstrates our continued commitment to that expansion, and we look forward to leveraging Keystone’s resources and expertise in order to provide our clients with an even more robust portfolio of service offerings.”
“Berkadia has one of the most extensive origination platforms and strong relationships with the GSEs, as well as servicing and investment sales capabilities,” says Williams. “We look forward to helping grow Berkadia’s already strong life company pipeline, building on the company’s outstanding agency relationships and integrating our operations to help both current and prospective clients.”