Berkadia announced the new hire of Tim Leonhard to serve as senior managing director. Leonhard joins Berkadia from JLL where he served as senior managing director and leader of the Affordable Housing Group. Leonhard has extensive experience with Fannie Mae, Freddie Mac and HUD loan programs. Under Leonhard’s leadership, JLL’s Affordable Housing Group was ranked number one 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. Leonhard closed in excess of $2.1 billion in 2020 while with JLL. He joins Berkadia’s robust affordable debt platform, which arranged over $780 million in loans in 2019. Leonhard complements the firm’s mortgage banking, investment sale and tax credit syndication team. Leonhard serves on NH&RA’s Board of Directors.