Berkeley Point Capital Welcomes Jim McDevitt as its President

Jim McDevitt is joining Berkeley Point Capital LLC as its president.

Bethesda, Md.—Jim McDevitt is joining Berkeley Point Capital LLC as its president. He will report directly to Jeff Day, CEO, and will be responsible for management of the firm’s day-to-day operations, including the firm’s production, underwriting, and closing activities.

McDevitt most recently served as executive vice president, in the capacity of Head of Correspondent Development, for Wells Fargo Multifamily Capital. Prior to that role he was Group Head of Commercial Mortgage Banking and Multifamily Capital, where he managed the firm’s Fannie Mae, Freddie Mac, FHA, life company, conduit, and bank permanent debt placement activities.

From 1999 to 2006 McDevitt served as senior vice president and National Head of Production for the Wells Fargo CMBS Platform, during which time he spearheaded the acquisition of three mortgage banking companies, including Reilly Mortgage Group, Towle Financial Services/Midwest, Inc. and Bloomfield Acceptance Company. From 1994 to 1999 Jim served as a Vice President, initially in the capacity of Loan Officer, and then as Western Regional Manager CMBS, for Wells Fargo.

Prior to his career at Wells Fargo McDevitt served in varying capacities at CB Richard Ellis in Sacramento, California and Colliers International also in Sacramento, California. McDevitt has a BA from Santa Clara University in Santa Clara, California.