Wells Fargo was the top commercial/multifamily mortgage originator in 2012, according to a set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association (MBA). Other top originators include Bank of America Merrill Lynch; HFF, L.P.; PNC Real Estate; Meridian Capital Group, LLC; CBRE Capital Markets, Inc.; Prudential Mortgage Capital Company; KeyBank Real Estate Capital; Jones Lang LaSalle; Walker & Dunlop; NorthMarq Capital LLC and Berkadia.
The MBA study is the only one of its kind and presents a comprehensive set of listings of 111 different commercial/multifamily mortgage originators, their 2012 volumes 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.
Highlights of the listing include:
Ten different companies were at the top of the 11 lists reporting total originations by investor groups:
► Wells Fargo Bank was the top originator for commercial mortgage-backed securities (CMBS); and other investors,
► Bank of America Merrill Lynch was the top originator for commercial bank loans,
► MetLife Real Estate Investors for life insurance companies,
► Wells Fargo and Walker & Dunlop were separated by just $8 million as the top originators of loans for Fannie Mae,
► CBRE Capital Markets Inc. was the top originator for Freddie Mac,
► Red Mortgage Capital, LLC was the top originator for FHA/Ginnie Mae,
► TIAA-CREF was the top originator for pension funds,
► HFF, L.P. was the top originator for credit companies,
► KeyBank Real Estate Capital was the top originator for REITS, Mortgage REITS, Investment Funds, and
► Cohen Financial was the top originator for specialty finance.
Firms with the largest dollar volume of loans that were originated not for their own investment portfolios, but rather for third parties in 2012 were Wells Fargo, HFF, Meridian Capital Group, CBRE Capital Markets, and PNC Real Estate.
The top five lenders in 2012 were Wells Fargo, Bank of America Merrill Lynch, PNC Real Estate, Prudential Mortgage Capital Company, and KeyBank Real Estate Capital.