Patrick Breed currently serves as a Vice President for Newmark’s Multifamily Debt and Structured Finance Group. His primary responsibilities include managing all aspects of the marketing and underwriting analysis of prospective multifamily loans and managing a pipeline of loans in process.
Breed began his tenure with Newmark in 2019 as an Assistant Vice President for the company’s Multifamily Agency Debt group. In that role, he was responsible for underwriting and closing over $2 billion in Fannie Mae and Freddie Mac debt for institutional, regional, and private client investors. Breed also spent time as one of Newmark’s Freddie Mac Product Managers, training and managing a team of Freddie Mac Senior Underwriters.
Prior to joining Newmark, Breed worked for Arbor Realty Trust as a Senior Analyst responsible for screening potential loans for Fannie Mae, Freddie Mac, CMBS, HUD, and Bridge Loan executions, as well as a GSE Underwriter responsible for underwriting and closing over $500 million of Fannie Mae and Freddie Mac debt with product types including Conventional, Affordable, Manufactured, Student and Near-Stab.
Breed graduated with a Bachelor of Science in Finance from Fairfield University in Fairfield, CT. Breed also received his Commercial Real Estate Secondary Education Certification from Boston University