Detroit, Michigan – February 20, 2025 – Berkadia, a leader in the commercial real estate industry, announced today that the Detroit office has closed $1.35 billion in production volume in 2024. Berkadia Detroit Mortgage Banking closed $1.2 billion in financing across 88 transactions with over 20 different lenders.
Detroit, Michigan – February 20, 2025 – Berkadia, a leader in the commercial real estate industry, announced today that the Detroit office has closed $1.35 billion in production volume in 2024. Berkadia Detroit Mortgage Banking closed $1.2 billion in financing across 88 transactions with over 20 different lenders.
Berkadia Detroit Investment Sales closed over $178.1 million in investment sales volume across 6 transactions in 2024.
In addition to their impressive 2024 production volume, the Detroit office celebrated key milestones, including their move to a new office in Birmingham, Michigan. The group continues to highlight is young talented mortgage bankers including Aaron Moll, Luke Safranek , Alex Bonda and Trevor Friday who combined accounted for 50% of the Detroit loan production in 2024.
“Despite the volatile debt market in 2024, the Detroit office placed $1.2 billion. Our debt team has placed in excess of $1 billion in loan production each and every year since 2012. I’m incredibly proud of the hard work and dedication of our entire team,” said Senior Managing Director Peter Benedetto.
“Berkadia Detroit Investment Sales celebrated another outstanding year, highlighting our strong market presence and unwavering commitment in Michigan and the Midwest,” said Senior Managing Director Kevin Dillon . “We are thrilled to welcome back Associate Director EJ Wujek , who rejoined us at the end of 2024. EJ previously served as an analyst in 2021 and 2022 before joining an asset management role with a multifamily firm, and we are excited to have him return to our team.”
The total production volume of $1.35 billion reflects Berkadia Detroit’s continued success in delivering best-in-class financing and investment sales solutions. This milestone underscores the team’s expertise, strong lender relationships, and commitment to meeting the needs of their clients in a dynamic market. Their strong market position leads them to continued success in 2025 and beyond.
Berkadia was recognized as the #1 Freddie Mac Lender by Volume in 2024, making it Freddie Mac’s top partner for the fourth consecutive year, and the #2 Fannie Mae DUS Lender by Volume in 2024. Berkadia delivered $13.45 billion in loans with Freddie Mac and Fannie Mae (“the multifamily GSEs”).
*2024 production volume includes mortgage banking and investment sales volume closed by Berkadia Detroit.
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