July 18, 2007
Contact: Mary Williams
734-769-8520, ext. 292

For Immediate Release

Albert M. Berriz, CEO, is proud to announce that Jeffrey R. Kleinschmidt has expanded Mortgage Banking Services at McKinley.  Mr. Kleinschmidt is responsible for the company’s mortgage banking activities, assisting clients with their commercial real estate financing needs from $500,000 to $50 million.  Since 1999, he has creatively financed in excess of $1.5 billion of commercial real estate assets with Wall Street conduits and investment banks, life insurance companies, agency (Fannie Mae and Freddie Mac) and other correspondent lending sources.  For 15 years prior to joining McKinley, Kleinschmidt held management positions, from Business Development to Senior Loan Officer and Commercial Business Manager with a regional commercial bank.

"Jeff Kleinschmidt is a proven player with significant experience in the real estate capital markets,” said Albert Berriz.  “He can now bring McKinley's access to global real estate capital markets to our local and regional clients.   I am thrilled with the expansion of Jeff's mortgage banking platform."  This platform includes apartments, retail, office, medical office, manufactured housing, industrial, self storage, and hotel properties on a long-term financing basis.

Mr. Kleinschmidt is also involved in a variety of trade associations and non-profit activities.  He is a member of the Mortgage Bankers Association (MBA) and Commercial Mortgage Securities Association (CMSA).  In addition, he is a board member of the American Red Cross – Washtenaw County Chapter as well as a trustee of the Neutral Zone of Ann Arbor. 

McKinley, founded in 1968, is a well respected national real estate investment firm that owns and operates $1.7 billion in assets in 103 properties for its own account and for select clientele.  This includes 17,223 apartments and 5 million square feet of commercial space located in 9 states.  Headquartered in Ann Arbor Michigan, Albert M. Berriz serves as Chief Executive Officer with 717 full-time employees nationwide.

. 

-  END  -