Berkadia Commercial Mortgage LLC, the joint venture of Warren Buffett’s Berkshire Hathaway Inc. and Leucadia National Corp., is looking beyond apartments as the U.S. government scales back in the market.
The commercial mortgage originator and servicer plans to expand its financing of offices, retail properties and hotels, said Hugh Frater, Berkadia’s chief executive officer. The bulk of the Horsham, Pennsylvania-based company’s business is currently tied to originating apartment loans backed by Fannie Mae, Freddie Mac and the Federal Housing Administration.
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