Berkeley Point Capital added a new managing director to its team. Sharon Karaffa left her position as head of multifamily structured transactions with Fannie Mae to take on new responsibilities with Berkeley. In her new capacity, Karaffa will be in charge of increasing the company’s revenue through the Berkeley Point Platform, by working closely with affiliates part of the Cantor family—ARA Newmark, Newmark Knight Frank and Cantor Fitzgerald.
“2017 marks our thirtieth anniversary, and a year in which our servicing portfolio has topped $58 billion, 48 percent of which in Fannie Mae Primary Loans. With Ms. Karaffa onboard, we’re eager to watch this number soar. We’re delighted to have her join the team,” said Berkeley Point Executive Managing Director Mike May, in prepared remarks.
Prior to joining Berkeley, Karaffa spent more than 13 years with Fannie Mae, where she managed borrower relations and also the acquisition of several loan portfolios. Her leadership roles were with the structured transactions team and the Financial Planning and Analysis division. A graduate of Penn State University, Karaffa also held a senior project controller position with Deloittle Consulting before coming on board of Fannie Mae multifamily team.
“The evolution of the Cantor family of real estate companies has been one of the more significant developments in multifamily real estate over the last five years. Their expansion is still in its early stages. I am thrilled to be part of this family as it continues on its growth path and to be joining such an exceptional team of talent at Berkeley Point Capital,” said Karaffa, in a prepared statement.
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