HORSHAM, PA-Loan servicer Berkadia Commercial Mortgage namedHugh Frater as its new chief executive officer, replacing MichaelLipson. Frater's term as chief executive begins on Thursday.

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He comes to the post from Good Energies Inc., a firm thatinvests in renewable energy, where he was chief operating officerand a managing director. Prior to that he led the real estatedivision of PNC Financial Services. Also at PNC, he was chiefexecutive officer of its Midland Loan Services unit. The search wasspear-headed by Darin White, a senior client partner atKornFerry.

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Berkadia was formed in December after Warren Buffett's BerkshireHathaway acquired Capmark Financial Group's loan origination andservicing divisions. At the end of June, Berkadia originated$117 million for a portfolio of 19 senior-housingfacilities across the country.

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