Reinlein Appointed as Berkadia’s Head of Mortgage Production
- Feb 28, 2011
Horsham, Pa.–Berkadia Commercial Mortgage LLC has announced the appointment of Karl Reinlein to EVP – Head of Production, effective immediately. In his new role, Reinlein will oversee Berkadia’s entire originations network.
Reinlein was formerly in charge of Berkadia’s HUD lending network, which has been ranked as the number-one originator of the multifamily HUD/FHA loans nationwide for more than 10 years.
John Cannon has been named EVP of Lending & Investor Relations. Cannon, who formerly managed Fannie Mae, Freddie Mac and conventional loan originations for Berkadia, will support Reinlein in his management of the overall production network and be responsible for agency and investor relations. He will also be responsible for initiatives such as investment sales, expansion of life company relationships and creating diversification amount the firm’s debt products, asset classes and capital providers.
“Between the tremendous opportunities we see in multifamily and the forthcoming GSE reform, we feel now is the time to capitalize on our current capabilities as we look to grow in this space and to explore future expansion opportunities for the firm,” says Cannon.