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The biggest commercial mortgage lenders and mortgage brokers have been ranked by activity last year.
The fifth largest commercial mortgage originator was Credit Suisse, with 966 units closed for $26.9 billion during 2007, according to the Mortgage Bankers Association 4th Annual Commercial/Multifamily Finance Firms Annual Originations Rankings. The report detailed activity from 124 commercial mortgage brokers and lenders. Deutsche Bank Commercial Real Estate was No. 4, at 647 units for $29.5 billion in commercial fundings last year, MBA reported. Bank of America ranked No. 3, with 2,739 loans originated for $69.7 billion. No. 2, Wells Fargo Bank, N.A., reportedly funded 11,692 commercial mortgages for $71.7 billion last year. The ranking was topped by Wachovia, which had 4,065 loans for $90.4 billion in commercial production, the report indicated. The other firms to rank among the top 10 originators were: No. 6 Holliday Fenoglio Fowler LP, No. 7 Capmark Financial Group Inc., CBRE-Melody at No. 8, Goldman Sachs & Co. at No. 9, and No. 10 KeyBank Real Estate Capital. Among all 124 firms, Goldman, Sachs & Co. had the biggest average loan size, at $91.5 million; followed by MetLife Real Estate Investments at $84.2 million; and Pacific Life Insurance Co., with an average loan size of $70.2 million. The biggest commercial mortgage broker was Wells Fargo, which acted as an intermediary on 322 transactions for $32.5 billion. Holliday was next, arranging 1,005 loans for $25.1 billion, trailed by CBRE, with 1,214 loans brokered for $22.5 billion. Among commercial mortgage lenders, Wachovia reigned with 3,768 loans funded for $74.6 billion, followed by Bank of America, at 2,739 units for $69.7 billion, and Wells Fargo, which closed 11,370 loans for $39.2 billion. |
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