PNC Financial Services Was Top Loan Originator of MF Debt Financing in 2009
- May 07, 2010
Washington, D.C.–PNC Financial Services Group Inc., Deutsche Bank Berkshire Mortgage and Prudential Multifamily Mortgage, Inc. are 2009’s top loan originators of multifamily debt financing product, according to Fannie Mae.
“The DUS lenders remain committed to providing liquidity and stability to the multifamily market during these challenging times and continue to demonstrate market leadership in producing solid results in 2009,” says Ken Bacon, executive vice president of Fannie Mae’s Housing & Community Development division.
Fannie Mae DUS lenders were responsible for over 90 percent of the Fannie Mae multifamily debt business in 2009. As was previously announced, Fannie Mae’s DUS lenders and affiliates delivered $18.6 billion of the company’s total investment in multifamily housing in 2009. The following were the remaining seven DUS lenders who produced the highest volume by contributing at least $700 million each through the DUS platform in 2009 and are listed in descending order:
Wells Fargo Bank N.A.;
Walker & Dunlop, LLC.;
Greystone Servicing Corporation, Inc;
Grandbridge Real Estate Capital LLC;
Arbor Commercial Funding LLC;
AmeriSphere Multifamily Finance, LLC;
CB Richard Ellis, Inc.
Nearly 90 percent of the units financed by these and other Fannie Mae DUS lenders are affordable to families at or below the median income of their communities.