David manages all facets of Berkadia Affordable Housing, an integrated business that includes Mortgage Banking, Investment and Sales advisory services, and Tax Credit Syndication. The integrated platform provides comprehensive financial solutions to owners and developers of multifamily affordable housing and investment management services for investors.
David joined Berkadia in November of 2019 to lead the integration of Berkadia’s Affordable Housing platform. Under his leadership, Berkadia Affordable Housing’s 2021 production volume totaled $5.1B across 343 transactions, more than 100% year over year growth across all three business lines. In 2021, Berkadia Affordable Housing was ranked the #1 Freddie Mac Affordable Housing lender.
Prior to joining Berkadia, he spent five years with Freddie Mac Multifamily as Vice President of Affordable Sales and Investments where he grew Freddie Mac's Affordable production from $2.2 billion in 2014, to about $9 billion in 2019 - while maintaining 0 delinquencies. He also led Freddie Mac's reentry into the LIHTC equity investment business in 2018. Prior to Freddie Mac, David was a Tax Credit Equity Executive for Bank of America Merrill Lynch, leading the Nation's second largest tax credit equity investor from 2009-2015. David's background also includes municipal bond finance, structured finance and securitization, public private partnerships, and tax efficient impact investing.
Education & Certifications
- University of Colorado, MS
- Fordham University, BS
Affiliations & Memberships
- Urban Land Institute, Affordable and Workforce Housing Council
Industry Specialization & Skills
- Multifamily Affordable Housing
- Tax Credit Equity Investing
- Structured Finance and Securitization
Awards & Notability
- Commercial Observer's 50 Most Important People in Real Estate, 2017-2019