The results have arrived for the ranking of the country’s 10 largest originators of commercial real estate loans during all of last year.
Wells Fargo & Co. originated 6,928 commercial mortgages during 2016 that had an aggregate principal balance of $65.394 billion.
The level of activity at the San Francisco-based company landed it in the No. 1 position among the nation’s largest CRE loan originators.
Those details were reported in the 2016 Commercial/Multifamily Annual Origination Ranking from the Mortgage Bankers Association. The report costs $250 for MBA members and $350 for non-members.
The second-biggest commercial mortgage lender was JPMorgan Chase & Co., where production totaled 8,967 units for $57.594 billion.
1,403 CRE loans closed for $44.667 billion, HFF LP landed in third position.
No. 4 was
Eastdil Secured with CRE production of 273 loans for $41.114 billion.
Rounding out the top five was PNC Real Estate, which originated 942 commercial mortgages for $39.272 billion.
Spots six through 10 were respectively filled by CBRE Capital Markets Inc., Key Bank, Meridian Capital Group, Capital One Financial Corp. and JLL.