Berkadia Announces Long Term Facility Product with Freddie Mac, The First of Its Kind
NEW YORK, NY – February 6, 2023 – Berkadia announces a new 15-year Long Term Credit Facility product, brought to the market with Freddie Mac and Stoneweg US.
The 15-year Long Term Credit Facility product featured tranched debt through an available combination of variable and fixed-rate advances, laddered loan maturities, prepayment flexibility and structural mechanisms that will allow Stoneweg US to achieve economic and operational efficiencies in the acquisition, refinancing and disposition of assets.
“Thank you to our partners at both Freddie Mac and Stoneweg on the closing of this long-term financing facility,” said Senior Managing Director Bob Falese of Berkadia Philadelphia Mortgage Banking. “This new loan facility product provides an accretive, long term financing vehicle to help our customers to grow and optimize their portfolios.”
“Berkadia is thrilled to introduce this long-term facility product to the market together with our partners at Freddie Mac. Through collaboration and creative structuring, it was a full team effort between Freddie Mac, Stoneweg US and Berkadia to get the first of this product across the finish line,” said Associate Director Jake Adoni. “We’re looking forward to continuing to grow this 15-year Long Term Credit Facility between Freddie Mac and Stoneweg US.”