PHOENIX—Berkadia Commercial Mortgage LLCannounces the acquisition of KeystoneCommercial Capital, a full-service commercialmortgage banking company headquartered in Phoenix.

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Founded in 2007 by managing partners CharlieWilliams and Scott Holland, Keystoneservices more than $2 billion in commercial real estate loansfor a diverse base of capital providers andmaintains relationships with 23 of the country's leading lifeinsurance companies, as well as other conventional lending sources.This transition to Berkadia is inclusive of partners JonKrieger, Ryan Nelson, GeneKim and the entire Keystone origination and supportstaff.

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Ernie Katai, EVP and head of production atBerkadia tells GlobeSt.com, “Keystone is theperfect fit for us; together we have the synergy that will puteverything into place. WhatKeystone will bring to the table is phenomenal mortgagebanking experience. Itjust didn't make sense not to havethat presence in amarket like Phoenix, where we already have ourinvestment sales team with Hendricks-Berkadia. Itneeded to happen; we couldn't be happier.”

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The transaction will add 16 employees to Berkadia throughoffices in Boston and San Diego, in addition toPhoenix, reinforcing Berkadia's nationwide presencein more than 50 locations. Williams will continue to overseeoperations in all three offices from Phoenix.

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“The number of capital providers has grown in recent years, andBerkadia has invested significant time in developingrelationships—particularly with life insurance companies—to expandour financing capabilities,” says Katai. “This demonstrates ourcontinued commitment to that expansion, and we look forward toleveraging Keystone's resources and expertise in order to provideour clients with an even more robust portfolio of serviceofferings.”

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“Berkadia has one of the most extensive origination platformsand strong relationships with the GSEs, as well as servicing andinvestment sales capabilities,” says Williams. “We look forward tohelping grow Berkadia's already strong life company pipeline,building on the company's outstanding agency relationships andintegrating our operations to help both current and prospectiveclients.”

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