Berkadia Adds Managing Director to its Tax Credit Syndication Division

PHILADELPHIA, PA – October 3, 2022 – Berkadia announced today the continued investment in its tax credit syndication team with the addition of Managing Director of Acquisition Chris McGraw. McGraw will report to SVP and Head of Acquisitions Corine Sheridan.

“We are thrilled to add such a seasoned professional to our team at a time when we’re experiencing so much growth as a platform and so much need in the market,” said Sheridan.  “Chris will be key in growing developer relationships in the northeast, Mid-Atlantic and southeast regions of the United States.”

This September, Berkadia and Freddie Mac announced the creation of a Low-Income Housing Tax Credit (LIHTC) Syndicator Fund, aiding the agency’s effort to invest up to $850 million in equity annually to create and preserve affordable housing across the country. Berkadia is the first new LIHTC Syndicator named by Freddie Mac since the company restarted making LIHTC equity investments in 2018. The establishment of the new fund will be a key part of Berkadia’s LIHTC equity growth in 2022 and the years ahead.

McGraw is responsible for identifying and managing new developer relationships at Berkadia, primarily on the East Coast. Based in Charlotte, NC, McGraw brings over 17 years of LIHTC experience with varying functions throughout that tenure including syndication, underwriting and originations. McGraw has originated, structured and closed approximately $2 billion of LIHTC investments involving over 175 properties and has an established record of building territories and growing tax credit investments.

Prior to joining Berkadia, McGraw was the Regional Manager of LIHTC Originations for the East Coast for PNC Bank. Before that experience, McGraw learned the LIHTC business while working at Wachovia/Wells Fargo Bank and was a Regional Equity Manager for the Mid-Atlantic Region responsible for the originating and underwriting of LIHTC transactions.