Chevy Chase, MD – December 2, 2020 – Berkadia announced today the continued investment in its affordable housing platform with the addition of industry leader, Tim Leonhard. Leonhard joins Berkadia as Senior Managing Director and brings over 22 years of experience in the development and financing of affordable housing.
“Tim is among the most knowledgeable and experienced mortgage bankers in the country. His technical expertise and efficient execution are unparalleled,” said David Leopold, SVP and Head of Berkadia Affordable. “It’s why he has successfully closed more than $12 billion in affordable housing financing to date and why we’re thrilled to have him be a part of our team.”
Leonhard joins Berkadia from JLL where he served as Senior Managing Director and Leader of the Affordable Housing Group. Tim has extensive experience with Fannie Mae, Freddie Mac, and HUD loan programs. Under Leonhard’s leadership, JLL’s Affordable Housing Group was ranked #1 in the country for total affordable loan production by Fannie Mae and Freddie Mac on several occasions and was consistently ranked in the top 3 with both GSEs annually. Leonhard closed in excess of $2.1 billion in 2020 while with JLL. He joins Berkadia’s robust affordable debt platform, which arranged over $780 million in loans in 2019. Leonhard complements the firm’s mortgage banking, investment sales, and tax credit syndication team, which is known for its technical expertise and outstanding client service.
“This is one of several recent investments Berkadia has made to enhance the affordable platform,” said Leopold. “This past September we announced the acquisition of LIHTC Advisors. We look forward to continued investment as we enhance our platform with the goal of providing a full suite of financial services for our clients.”
Prior to joining JLL, Leonhard served as Managing Director at MMA Financial, Vice President at Glaser Financial Group, Vice President at Charter Mac, and Project Manager at HRI Properties.