Patrick Breed currently serves as a Vice President for Newmark’s Multifamily Debt and Structured Finance Group with a specialty focus in Workforce Housing. 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. Some of the agency programs he is familiar with are Fannie Mae’s Sponsor Initiated Affordability (SIA) program and Expanded Housing Choice (EHC) as well as Freddie Mac’s Social Impact and Master Financing Commitment and its Tenant Advancement Commitment.
Patrick 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. Patrick also spent time as one of Newmark’s Freddie Mac Product Managers training and managing a team of Freddie Mac Senior Underwriters. In this role, Patrick had in-depth product knowledge and was responsible for reviewing submission packages and communicating directly with Freddie Mac Credit to deliver exceptional results in a timely manner.
Prior to joining the Firm, Patrick worked for Arbor Realty Trust as a Senior Analyst responsible for screening over 1,000 loans totaling $5B of Fannie Mae, Freddie Mac, CMBS, HUD, and Bridge Loans 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 Affordable, TAH, Small and Large Loans, Student and Near-Stab.
Patrick graduated with a Bachelor of Science in Finance from Fairfield University in Fairfield, CT. Patrick also received his Commercial Real Estate Secondary Education Certification from Boston University.