Top Three 2007 Multifamily Lenders

By Anuradha Kher, Online News EditorWashington, D.C.–Wachovia, Wells Fargo and Bank of America were the top multifamily/ commercial originators in 2007, according to the Mortgage Bankers Association (MBA) fourth annual commercial/multifamily finance firms annual originations rankings.Other originators in the top 10 include Deutsche Bank Commercial Real Estate, Credit Suisse, Holliday Fenoglio Fowler L.P., Capmark Financial Group Inc., CBRE|Melody, Goldman Sachs & Co. and KeyBank Real Estate Capital.  Five different companies topped the eleven lists reporting originations by investor groups.Wachovia was the top originator for REITS, mortgage REITs, investment funds, Fannie Mae and conduits. Capmark Financial Group topped in Freddie Mac, FHA/Ginnie Mae and specialty finance companies originations while Bank of America was top originator of commercial banks/savings institutions. Wells Fargo headed the list for life insurance companies and for other investors; TIAA-CREF for pension funds and GE Real Estate for credit companies. By dollar volume, the top three intermediaries in 2007 were Wells Fargo, Holliday Fenoglio Fowler L.P. and CBRE|Melody. “A loan that is closed in another firm’s name, not in the lender’s name is counted in this category,” says Jamie Woodwell, Senior Director of Commercial/Multifamily Research.The top three lenders by dollar volume were Wachovia, Bank of America and Wells Fargo, and this included only the loans that were closed in the lender’s name. The MBA annual originations rankings study provides firm-specific dollar volumes and loan counts detailing the mortgage originations of 124 leading commercial/multifamily intermediaries and lenders.