Wells Fargo topped the list of commercial/multifamily mortgage originators in 2014, according to the annual ranking released by the Mortgage Bankers Association (MBA).
The MBA’s report, “Commercial Real Estate/Multifamily Finance Firms – Annual Origination Volumes,” contained 127 originators with their 2014 volumes. It also included their role, investor group, property type, financing structure type, and location of their office.
JPMorgan Chase was second to Wells Fargo in terms of origination volume, followed by Eastdil Secured; HFF, L.P.; Meridian Capital Group, LLC; KeyBank; CBRE Capital Markets, Inc.; Deutsche Bank Securities Inc.; PNC Real Estate; and Bank of America Merrill Lynch.
The report lists total originations across 11 different investor groups. Ten different companies were the top originator for at least one of the different groups. The top three originators by each investor group were:
- Commercial Mortgage-backed Securities (CMBS) – Deutsche Bank Securities Inc., Eastdil Secured and J.P. Morgan Chase & Company;
- Commercial Bank Portfolios – J.P. Morgan Chase & Company, PNC Real Estate, and Meridian Capital Group, LLC;
- Life Insurance Company Portfolios – MetLife Real Estate Investors, HFF, L.P., and Prudential Mortgage Capital Company;
- Fannie Mae – Walker & Dunlop, Wells Fargo, and Berkadia;
- Freddie Mac – CBRE Capital Markets, Inc., Berkadia, and Walker & Dunlop;
- FHA/Ginnie Mae – Red Mortgage Capital, LLC, Greystone, and Berkadia;
- Pension Funds –TIAA-CREF, Cornerstone Real Estate Advisers, and CBRE Capital Markets, Inc.;
- Credit Companies – CBRE Capital Markets, HFF, L.P., and Marcus & Millichap Capital Corporation;
- REITS, Mortgage REITS, and Investment Funds – KeyBank, Eastdil Secured, and NorthStar Realty Finance;
- Specialty Finance Firms – JLL, Mesa West Capital, LLC, and Meridian Capital;
- “Other Investors” – Wells Fargo, HFF, L.P., and Morgan Stanley.
By dollar volume, the top five originators for third parties in 2014 were Eastdil Secured; HFF, L.P.; Meridian Capital Group, LLC; CBRE Capital Markets; and Deutsche Bank Securities Inc.