Andrew Behrens joined CBRE in the fall of 2009 and is a member of CBRE’s elite Institutional Group, one of only 8 dedicated multifamily/Senior Housing professionals to achieve this honor. He consistently ranks within the top 1% of professionals globally in terms of production. Mr. Behrens brings with him over 30 years of multifamily experience representing both Institutional and Private Equity owners throughout the Western US. Mr. Behrens has been responsible for closing over $4.8 billion worth of multifamily financing, and over $15.6 billion throughout his career, including a record setting $1.2 billion credit facility with Fannie Mae.
Mr. Behrens has intimate knowledge of Fannie Mae, Freddie Mac and FHA and uniquely understands each product’s specific features, allowing him to match transactions and debt accordingly. His relationships with the decision makers at the GSE’s allow him to bring a level of expertise and surety of execution to transactions that are difficult to duplicate.
CBRE is a direct lender of Fannie Mae, Freddie Mac and FHA. We are the largest non-bank originator of multifamily mortgages in the country by a significant magnitude. CBRE is Freddie Mac’s largest lender, by a magnitude, for the past six years, a top five Fannie Mae lender for the same period, and a top ten lender to FHA.
Over the past 30 years Mr. Behrens has been involved in financing. He has financed well over $1.5 billion of Senior Housing. This included structuring in all aspects of the capital stock including joint venture and preferred equity, mezzanine financing, bridge construction and permanent debt. Mr. Behrens has a deep understanding of the industry, the levels of care and the needs of the aging population.
Construction Debt / Joint Venture Equity
Mr. Behrens increased his service offerings by establishing a construction debt and joint venture equity practice under the CBRE Debt and Structured Finance platform. Under this service line, Mr. Behrens and his handpicked team of experienced professionals source construction debt and structured finance for multifamily projects in the Western US.
In addition to his production responsibilities, Mr. Behrens is Team Leader and Production Manager for Multifamily Capital Markets in Northern California and Northern Nevada. In this role, he oversees a team of 20 debt and sales professionals focused on multifamily within the region.
Wall Street / Cmbs
During the recession of 2008, CMBS executions dried up almost completely, however, now that the economy has recovered. Values have been reset and new credit standards are in place, CMBS is again playing an important role in the financing of commercial real estate. Our team has extensive knowledge of contracts and expertise in executing CMBS financing.
Life Companies have always had a permanent role in Real Estate financing. Mostly driven by credit asset quality, Life Companies remain a viable option for future asset and borrowers that are looking for structure, larger deal sizes or lower leverage.
Prior to joining CBRE, Mr. Behrens spent eight years with Prudential Financial as a Principal in their San Francisco office. In that role, he was responsible for delivering capital to the multifamily sector throughout the Western US. Prior to that, he spent three years with Lend Lease in the San Francisco Bay Area as a debt professional delivering agency product to the Western US marketplace.
Previous to Lend Lease, Mr. Behrens spent four years at TRI Capital, a national FHA and Freddie Mac debt provider, as Director of National Originations. Before moving his career towards mortgage banking, Mr. Behrens spent nine years with Marcus and Milllichap in San Francisco where he was a Senior Investment Associate specializing in the sale and acquisition of multifamily properties in the Western US.
Professional Affiliations / Accreditations
- Member of MBA and CMBA
- Licensed California Real Estate Salesperson (Lic # 01215934)
- University of Nevada, Las Vegas; Bachelor of Science in Hotel Administration
- Acacia Capital Companies
- Barry Swenson Builder
- Bascom Northwest Ventures
- Carmel Partners
- EJ Williams Construction Company
- First Republic Bank
- Fremont Bank
- Hamilton Zanze
- Lend Lease REI
- Montgomery Advisors
- Pacific Coast Capital Partners
- RCG Longview
- Sares Regis
- Sobrato Development Companies
- Tandem Properties
- The Bascom Group
- The Prime Group
- The Reliant Group
- Vandenberghe Properties
- Warburg Pincus
- University of Southern California, Bachelor of Science;
- Accounting (Dean's List Scholar)