WASHINGTON, D.C. – March 9, 2020 – Berkadia today announced the addition of two new members to its growing Affordable Housing platform, which integrates investment sales, mortgage financing and tax credit syndication. Managing Director Matthew Bissonette will focus on affordable agency lending. Managing Director Susan Moro will serve as Head of Transaction Management on Berkadia’s tax credit syndication team. Both will report to SVP and Head of Affordable Housing David Leopold.
“At Berkadia, we’re building the most comprehensive affordable housing platform in the industry, which necessitates team members who can provide best-in-class technical advice and expertise to help clients understand the complexities of this space,” said Leopold. “With the addition of Bissonette and Moro to our team, we’re increasing the breadth of knowledge and experience in agency financing and tax credit syndication – pillars of our offering that are instrumental to supporting our clients as they seek solutions to provide fair, safe, and affordable housing to communities across the country.”
Berkadia has pursued a strategic growth strategy in affordable housing and in 2019 added David Leopold as SVP and Head of Affordable Housing as well as integrated tax credit syndication and advisory platform Riverside Capital into the Berkadia Affordable Housing platform.
Bissonette joins Berkadia from Citibank where he served as a Director and was responsible for originating between $200 and $600 million per year in multifamily affordable housing debt, including construction, construction-to-permanent and permanent loans and tax-exempt bonds. With 23 years in the affordable housing industry, Bissonette has closed over 400 financings throughout the country, totaling over $4 billion.
Moro joins Berkadia from Bank of America Merrill Lynch where she served as Community Development Banking Regional Executive for Lending and Investments. She managed a team of debt and equity underwriters of bank construction loans and direct equity investments in Low Income Housing Tax Credits (LIHTC) with a total annual loan volume of over $800 million and investments over $700 million. With over 20 years in LIHTC industry, Moro has extensive experience in asset management, acquisition and underwriting.