Michael Berman is a founder, principal, and member of the Board of Managers of CW Financial Services (CW), and serves as the President and Chief Executive Officer of CWCapital. Mr. Berman joined the CW Companies in 1985. CWCapital is a national lender to the multifamily and commercial real estate industry, with approximately 120 employees in 11 offices throughout the U.S. Mr. Berman oversees strategic planning and operations for all of the Company's loan programs: Fannie Mae, Freddie Mac, FHA, conduit, bridge, mezzanine and balance sheet whole loans. In addition, Mr. Berman provides strategic input for the company's vertical integration business plan. Under Mr. Berman's direction, CWCapital first entered the national lending business in 1991. Since then, annual loan production has grown from $100 million to $2.3 billion. CWCapital services most loans which it originates, currently servicing a portfolio of $11.6 billion in 48 states.
Mr. Berman became Chair Elect of the Mortgage Bankers Association (MBA) in October 2009. He currently serves as Chair of the MBA task force "The Council on Ensuring Mortgage Liquidity: the Future of Fannie Mae and Freddie Mac." He also serves on the Board of Directors of the Commercial Real Estate Finance Council (2010-2011); the Board of the MBA (2006-2010); and the MBA Commercial Board of Governors (2007-2010). He has also served on the Fannie Mae DUS Advisory Council (2006-2008); the MBA Council to Shape Change (2005-2006); and the Executive Committee of the Board of the National Multi Housing Council (1995-2010). Since 1990, Mr. Berman has been an active speaker on multifamily and commercial real estate finance.
From 1987-1997, Mr. Berman served on the Executive Committee of the KP/Wingate Insured Mortgage Funds, a series of public funds sponsored by a predecessor of CWCapital to invest in mezzanine and participating first mortgage positions.
Prior to joining CWCapital, Mr. Berman practiced law in the Boston and San Francisco offices of a large, national law firm.
Mr. Berman earned a Bachelor of Arts from Harvard University and a Juris Doctor from the University of Pennsylvania Law School.