Wells Fargo Bank was the top commercial/multifamily originator in 2009, according to a set of listings released by the Mortgage Bankers Association (MBA). Other originators in the top 10 include PNC Real Estate; Deutsche Bank Commercial Real Estate; CBRE Capital Markets Inc.; HFF LP; Prudential Mortgage Capital Company; Meridian Capital Group; MetLife; Northmarq Capital LLC and Capmark Financial Group Inc.
Eight different companies topped the 11 lists reporting originations by investor groups:
►Wells Fargo Bank as the top originator for commercial banks/savings institutions, FHA/Ginnie Mae, REITS, mortgage REITS, investment funds, and other investors;
►HFF LP for conduits;
►MetLife for life insurance companies;
►PNC Real Estate for Fannie Mae;
►CBRE Capital Markets Inc. for Freddie Mac;
►TIAA-CREF for pension funds;
►Glacier Real Estate Group for credit companies; and
►Deutsche Bank Commercial Real Estate for specialty finance.
By dollar volume, the top five originators for third parties in 2009 were Deutsche Bank Commercial Real Estate, Wells Fargo Bank, PNC Real Estate, CBRE Capital Markets Inc. and HFF LP.
The MBA study is the only one of its kind to present a comprehensive set of listings of commercial/multifamily mortgage originators and the different roles they play. The MBA report, "Commercial Real Estate/Multifamily Finance Firms--Annual Origination Volumes," presents origination volumes in more than 140 categories, including by role, by investor group, by property type, by financing structure type, and by the location of the originating office.
For more information, visit www.mortgagebankers.org.