New York, New York – October 15, 2025 – Berkadia, a distinguished leader in the commercial real estate sector, announced today the Seniors Housing & Healthcare platform completed over $1.54 billion in financing for seniors housing communities as of the end of the third quarter.
Under the leadership of SVP, Head of FHA & Seniors Housing Finance Steve Ervin, the platform successfully facilitated $350 million in PLG Bridge with participations, $258 million in HUD 232/223(f) financings, and $934 million in GSE and third-party placements. In total, these efforts financed 88 properties, encompassing 10,653 beds/units.
“We are proud of our accomplishments this year and anticipate continued momentum through year-end,” said Ervin. “As the seniors housing sector experiences dynamic growth, we remain committed to delivering innovative financing solutions that support the development and sustainability of these essential communities.”
Notable third-quarter transactions include Managing Director Jay Healy and Director Andrew Lanzaro closing thirteen loans totaling $178 million, comprising nine HUD 232/223(f) loans for $102 million and five bridge-to-HUD loans for $76 million. Additionally, Managing Directors Steven Muth and Austin Sacco, along with Senior Director Garrett Sacco and AVP of Originations Alec Rosenfeld, secured $28 million in permanent refinancing through Freddie Mac for All Seasons Rochester Hills, a 144-unit independent living community in Rochester Hills, Michigan. This refinancing was arranged on behalf of the borrower, Beztak.
Berkadia was recognized as the #1 GSE and HUD Seniors Housing Lender by total volume in 2024. Berkadia delivered over $1.63 billion in seniors housing loans with Freddie Mac and Fannie Mae (“the multifamily GSEs”) and HUD.
Berkadia Seniors Housing & Healthcare leads the industry in innovative and comprehensive solutions for even the most complex active adult, independent living, assisted living, memory care and skilled nursing projects across the country. With deep market knowledge, Berkadia Seniors Housing & Healthcare offers a full set of capital markets advisory, underwriting, loan
origination services and products including FHA/HUD, Fannie Mae, Freddie Mac, Life Company, and Proprietary Bridge Lending.
About Berkadia®:
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets.
To learn more about Berkadia, please visit www.berkadia.com.
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