Berkadia adds $2B to servicing portfolio

|By:, SA News Editor

A joint venture of Berkshire Hathaway (BRK.A, BRK.B) and Leucadia National (LUK), Berkadia Commercial Mortgage purchases Phoenix-based Keystone Commercial Capital, which has mortgage banking offices in Boston and San Diego, as well as its hometown.

Keystone co-founder Charlie Williams will continue to run the company.

Berkadia is third-largest commercial and multifamily mortgage servicer, with a portfolio of over $229B as of March 31. It was created by Berkshire and Leucadia from the ashes of bankrupt Capmark Financial Group in 2009.