Berkadia Hires Charles Foschini to Co-Lead Florida Expansion
- Sep 13, 2016
Miami—Berkadia has appointed a new senior managing director in the company’s Miami office. Charles Foschini brings nearly two decades of experience in structuring complex sales and finance transactions to the company.
Foschini will work alongside Mitch Sinberg, senior managing director, to grow Berkadia’s production and expand its footprint in the Florida market, which includes offices in Miami, Boca Raton, Orlando, Tampa and Jacksonville. He will report to Warren Higgins, executive vice president & head of mortgage banking.
With Charles joining our team, Berkadia now has unsurpassed market leadership in Florida,” said Higgins. “We’ll no doubt benefit from his robust relationships with long time clients and our agency lending partners, as well as his depth of experience in all areas of the capital markets.”
Together, Foschini and Sinberg gained valuable experience in structuring Fannie Mae and Freddie Mac loans. The team handled structuring large commercial and transitional loans with a variety of life companies, debt funds and merchant banks, skills which will expand Berkadia’s capabilities in that area. The pair plans to grow the team’s production further, leveraging synergies with Berkadia’s entire Florida capital markets team.
Most recently, Foschini served as vice chairman for CBRE, where he was a perennial top producer at the national levels across all product lines. He has successfully negotiated sale and financing transactions exceeding $15 billion in property transactions, including several portfolio and landmark single-asset deals surpassing $200 million. He brings with him to Berkadia a team of real estate professionals that includes Chris Apone, managing director, and Lourdes Carranza-Alvarez, senior production analyst.
Foschini is a three-time alumnus of the University of Miami, where he earned an undergraduate degree, a J.D. from the School of Law and a MBA from the School of Business.