Berkeley Point is the result of a combination of three, family-owned regional companies, each of which was among the very early participants in the Fannie Mae, Freddie Mac and FHA multifamily financing programs. The founders of these firms built their businesses based upon strong values, exceptional people and outstanding customer service.
Between 1997 and 2000, these firms were combined into one of the first national multifamily lending platforms. The unique critical mass of the national platform and the best practices from each firm allowed the combined entity to rapidly outpace its peers. While maintaining the values and core competencies of its past, the business focused on the future by investing in its people, developing proprietary technology, and diversifying its offerings. In a very short period of time, the company became the dominant multifamily lender in the US.
As the capital markets matured and financial services became a fully-integrated global industry, senior management and ownership recognized the need to keep pace. In 2004, the firm was sold to a major worldwide investment bank, where, as a part of the global commercial real estate business, product offerings expanded to include CMBS, bridge, loan syndication, capital commitment facilities and advisory services.
In 2012, the firm was sold to entities affiliated with Ranieri Real Estate Partners LP and WL Ross & Co. LLC, coming full circle to private ownership, with an ongoing focus on strong values, exceptional people and outstanding customer service.
In 2014, the newly named Berkeley Point Capital was acquired by Cantor Commercial Real Estate (CCRE), a top diversified commercial real estate lending platform. The result was a more diversified commercial real estate company and a single source to originate, distribute and service CMBS, Agency, FHA and Life Company loans. Together, Berkeley Point and CCRE have 14 offices strategically positioned across the country.
In 2015, ARA, one of the nation’s largest apartment investment sales platforms, merged with Newmark and joins Berkeley Point/CCRE in the Cantor Fitzgerald family of companies, cementing Berkeley Point’s position as a premier multifamily solutions provider.
As we celebrate our 30th anniversary year in 2017, our legacy of multifamily market leadership, superior execution and discerning clients is stronger than ever.