BALTIMORE — M&T Bank (NYSE: MTB) has named Michael Berman president and CEO of M&T Realty Capital Corp., the company’s wholly owned nationwide commercial mortgage banking subsidiary.
Berman is responsible for managing the operations of M&T Realty Capital Corp., which is a direct multifamily and seniors housing lender for Fannie Mae, Freddie Mac and HUD. The company also provides life insurance company and CMBS loans for other commercial real estate property types through correspondent relationships, as well as a nationwide bridge lending program for multifamily, seniors housing, and healthcare facilities.Berman was the co-founder, president and CEO of CW Capital, a national multifamily and commercial real estate lender. From 1991 to 2012, CW grew its annual loan production from $40 million to $4 billion. From 2012 to early 2014, he served as senior advisor to HUD Cabinet Secretary Shaun Donovan, serving as his liaison to the White House and Congress on GSE reform and other housing issues.
For the past five years, Berman has been a consultant to several multifamily and commercial lenders working on corporate growth as well as digital strategies. He has also continued his policy work as a Fellow at the Harvard Joint Center for Housing Studies and the Wharton-Penn Institute for Urban Research, focusing on affordable rental housing and flood risk/resiliency. He was the chairman of the Mortgage Bankers Association in 2010 and 2011, and led their GSE reform efforts in 2008 to 2011.
Berman holds a bachelor’s degree in government from Harvard University, and a J.D. from University of Pennsylvania’s Law School.
Berman replaces Tari Flannery, who is retiring after 28 years with the bank.
Headquartered in Baltimore, M&T Realty Capital Corp. originated $4.9 billion of multifamily and commercial loans in 2018, which represents the subsidiary’s highest loan volume to date, and currently manages a servicing portfolio of $18 billion. M&T is one of six banks nationwide to offer all three agency lending programs, and has expanded its life insurance company correspondent platform over the past two years.