Berkadia announced the establishment of Berkadia special situations team, led by Kyle Stevenson.
Berkadia Special Situations will advise lenders, banks, debt funds and special servicers on divestment strategies to manage risk and recover capital.
“We are thrilled to have Kyle establish our special situations team in response to the growing level of distress we are seeing in the capital markets,” said Ernie Katai, VP, head of production. “I am confident that Kyle’s unique expertise coupled with Berkadia’s national market coverage will yield the best outcomes for clients facing deteriorating asset performance.”
Stevenson said, “I look forward to leading Berkadia’s Special Situations team and partnering with the broader Berkadia network to better serve our clients. My goal is to help clients navigate often nuanced and complex distressed situations by clearly outlining their options so they can achieve the best possible outcomes and maximize recoveri
