Industry Leader Charles Foschini, 2 Colleagues Part Ways With CBRE

Berkadia announced the hiring of Charles J. Foschini as Senior Managing Director, its highest production title.
A nationally recognized leader in real estate investment banking, Foschini has nearly two decades of experience structuring complex sales and finance transactions. Charles and his team have been involved in the sale and financing of commercial and multifamily properties totaling nearly $15 billion over the course of his career.
Based in Miami, Foschini will work alongside Berkadia Senior Managing Director Mitch Sinberg to grow Berkadia’s production and expand its footprint in the flourishing Florida market, comprising offices in Miami, Boca Raton, Orlando, Tampa and Jacksonville. He will report to Warren Higgins, Executive Vice President and Head of Mortgage Banking.
 

“With Charles joining our team, Berkadia now has unsurpassed market leadership in Florida,” said Higgins. “We’ll no doubt benefit from his robust relationships with long time clients and our agency lending partners, as well as his depth of experience in all areas of the capital markets.”

Together, Foschini and Sinberg have an unparalleled record of success in structuring Fannie Mae and Freddie Mac loans. Additionally, the Foschini team has a unique skill set in structuring large commercial and transitional loans with a variety of life companies, debt funds, merchant banks, and other sources that will expand Berkadia’s capabilities in that area. The pair plans to grow the team’s production further, leveraging synergies with Berkadia’s entire Florida capital markets team.
 

“Charles is truly a leader in our market and within the commercial real estate industry,” says Sinberg. “Our combined skill sets will allow for our clients and our correspondent lenders to benefit from a full range of services and enhanced capabilities in both the multifamily and commercial arenas.”

Most recently, Foschini served as Vice Chairman for CBRE, where he was a perennial top producer at the national levels across all product lines. He has successfully negotiated sale and financing transactions exceeding $15 billion in property transactions, including several portfolio and landmark single-asset deals surpassing $200 million dollars. He brings with him to Berkadia a team of real estate professionals that includes Chris Apone, Managing Director, and Lourdes Carranza-Alvarez, Senior Production Analyst, to ensure a seamless transition for clients.
 

“Berkadia’s capital strength, singular focus and sophisticated investment solutions provide the ideal platform for our clients,” said Foschini. “I’m delighted to partner with Mitch in leading Berkadia’s expansion in Florida.”

Foschini is a three-time alumnus of the University of Miami, where he earned an undergraduate degree, a Juris Doctor degree from the School of Law and a Master of Business Administration degree from the School of Business. He is active in his community and with the University of Miami, where he is involved in several board and membership positions including serving as an adjunct professor in the School of Law.
 

 

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