CWCapital's Michael Berman Nominated as Vice Chair-Elect of MBA

I wanted to take a moment to recognize a long-time friend of Multifamily Executive and Apartment Finance Today, Michael Berman. He is president of CWCapital and now the vice chair-elect for the Mortgage Bankers Association.

Here is a quote from the official release posted on June 4, 2008.

“Michael’s invaluable contributions and over 20 years of active involvement with MBA have proven he is an exceptional choice for the Vice Chairman position,” said MBA Chairman Kieran P. Quinn, CMB. “His extensive real estate finance background and innovative vision within the real estate finance industry will help him serve as a strong leader for the association as we, on behalf of our members, continue to provide safe and affordable housing opportunities to Americans in this ever evolving market.”

Given the uncertain future of the CMBS market (and huge opportunity for refi's in the coming years) it is also exciting to see the recent launch of CWCapital's Balance Sheet Lending program.

Best of luck to Michael and his team at CWCapital going forward.