Freddie Mac Singles Out Top 2013 Multifamily Lenders

After a year that saw Freddie Mac settle nearly $26 billion in new multifamily volume, its second largest figure ever following a banner 2012, the GSE announces its top lenders for 2013.

FREDDIE-MAC

The list consists of Freddie Mac lenders in its Program Plus network who transacted the most financing volume in 2013.

“These lenders are one of the reasons we had a great year in loan purchases,” John Cannon, senior vice president of Freddie Mac’s multifamily production, sales & marketing, says. “They represent the best that the mortgage banking industry offers. We are fortunate to have them as customers of Freddie Mac multi-family.”

Leading the way as its Top Program Plus Sellers were CBRE Capital Markets with $5.7 billion, followed by Berkadia Commercial Mortgage with $3.7 billion, Walker & Dunlop with $2 billion, KeyBank with $1.5 billion and NorthMarq with $1.4 billion.

The Top Program Plus Sellers by Freddie Mac Multi-Family Region in the Southeast Region was Jones Lang LaSalle, Atlanta, Ga.; in the Central Region was CBRE Capital Markets, Dallas, Texas; in the Western Region was CBRE Capital Markets, Newport Beach, Calif.; and in the Northeast Region, Berkadia Commercial Mortgage, Horsham, Pa.

Freddie Mac’s Top Targeted Affordable Housing Sellers consisted of Citibank, Oak Grove Capital and Wells Fargo Multi-Family Capital.

Comprising its Top Sellers of Very Low-Income Housing Units were Citibank, Berkadia Commercial Mortgage and CBRE Capital Markets.

Its Top Conventional Structured Transactions Sellers were Berkadia Commercial Mortgage, followed by Holliday Fenoglio Fowler.

The GSE’s Top Seniors Housing Sellers were  Housing Seller were Berkadia Commercial Mortgage and KeyBank.

Approximately 90 percent of the apartment units financed have rents that are affordable to residents earning less than the Area Median Income. In addition, around one in six units are affordable to residents with very low incomes, earning less than half of the Area Median Income.