Berkadia has brought in Tim Leonhard as senior managing director on its affordable housing platform. Based in Dallas, Leonhard brings more than 22 years of experience in the development and financing of affordable housing.
“Tim is among the most knowledgeable and experienced mortgage bankers in the country. His technical expertise and efficient execution are unparalleled,” said David Leopold, SVP and head of Berkadia Affordable. “It’s why he has successfully closed more than $12 billion in affordable housing financing to date and why we’re thrilled to have him be a part of our team.”
Leonhard joins Berkadia from JLL, where he served as leader of the affordable housing group. Under Leonhard’s leadership, the JLL group reportedly was ranked #1 in the country for total affordable loan production by Fannie Mae and Freddie Mac on several occasions and was consistently ranked in the top three with both GSEs annually.