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Wednesday, 30 March 2011

Freddie Mac Exec Mike Edelman Joins Beech Street

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Michael Edelman, a 15-year veteran of Freddie Mac, has joined Beech Street Capital as senior vice president of production management.

Edelman, who most recently was managing director of Freddie's Northeast region, is charged with managing Beech Street's Northeast region production efforts and its correspondent relationship with Meridian Capital Group.

"Mike brings to Beech Street an extensive network of borrower relationships in the New York metropolitan area that we believe will contribute significantly to our growth," said Alan Fishman, chairman of the lender.

Before joining Freddie, Edelman was with Greater New York Savings Bank's real estate lending division and the Federal Home Loan Bank of New York, where he handled underwriting and customer management.

Beech Street was co-founded two years ago by long-time Fannie Mae executive Grace Huebscher. Its other co-founders are Fishman and Ralph Herzka. Fishman is a former chairman of Meridian, while Herzka is president and chief executive of the mortgage broker.

Beech Street has licenses to originate loans for both Fannie and Freddie Mac and last month received approval to originate loans under various Federal Housing Administration programs.

Comments? E-mail Orest Mandzy, or call him at (267) 247-0112, Ext. 211.


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Additional Info

  • Syndicate to Realpoint: No
  • Subject: Executive changes, general (EXECG)
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Data Digest







Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44




cppichart FP



CMBS 2.0 Spreads


Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41





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