You can also read our other Mortgage Banking Firms rankings.
|Rank||Company||Total Origination Volume ($MM) *||Growth From Previous Year||Financing Types Offered||Sectors Financed|
|1||CBRE||$67,900.0||68.1%||D, E, H||O, I, R, M, Ho, He, X|
|2||Walker & Dunlop||$42,472.3||32.8%||D, E||O, I, R, M, Ho, He, X|
|3||Berkadia||$34,350.7||38.8%||D, E, H||O, I, R, M, Ho, He, X|
|4||PGIM Real Estate||$23,891.8||42.4%||D, E, H||O, I, R, M, Ho, He, X|
|5||KeyBank Real Estate Capital||$19,964.1||13.0%||D, E, H||O, I, R, M, Ho, He, X|
|6||Cushman & Wakefield||$19,421.0||51.8%||D, E, H||O, I, R, M, Ho, X|
|7||Greystone||$16,600.0||45.6%||D, E, H||M, He|
|8||Arbor Realty Trust||$13,700.0||82.7%||D, H, X||M, Ho, X|
|9||MetLife Investment Management||$12,700.0||28.3%||D, X||O, I, R, M, Ho, X|
|10||Bellwether Enterprise||$10,567.6||49.0%||D||O, I, R, M, Ho, He, X|
|11||Greysteel||$700.0||191.7%||D, E, H||O, I, R, M, Ho, He|
|12||Strategic Alliance Mortgage||$10,650.0||0.5%||D||O, I, R, M, Ho, He, X|
|13||Gantry||$4,600.0||38.8%||D, E, H||O, I, R, M, Ho, He, X|
|14||Merchants Capital Corp.||$5,692.8||46.6%||D, E||M, He|
|15||M&T Realty Capital Corp.||$5,000.0||38.9%||D||O, I, R, M, He|
|16||HREC Investment Advisors||$167.0||67.0%||D, E||Ho|
|17||American Street Capital||$192.3||72.6%||D||M, X|
|18||Gershman Investment Corp.||$2,091.6||33.1%||D||M, He|
|19||Old Capital Lending||$1,025.0||36.7%||D||R, M|
|20||Metropolis Capital Advisors||$275.0||15.5%||D, E, H||I, R, M, X|
* Includes all originations, both as an intermediary and a direct lender, between 10/01/2020 and 09/30/2021.
Financing Types: D=Debt, E=Equity, H=Hybrid, X=Other
Property Sectors: O=Office, I=Industrial, R=Retail, M=Multifamily, Ho=Hospitality, He=Health care, X = Other
Though we make every effort to include all major commercial lenders, several notable firms (among them JLL, Bank of America and Eastdil Secured) did not participate this year.
To be included in upcoming surveys, email Agota Felhazi at [email protected].
Commercial Lending Accelerates
Commercial lending activity thoroughly recovered in 2021. Total originations in the third quarter registered a 119 percent uptick compared to the same time the year before, a Mortgage Bankers Association report shows. This isn’t unexpected, given large upswings in deal velocity across nearly all commercial real estate sectors. CommercialEdge data shows that, between January and November 2021, office and industrial investment transactions increased by a respective 31 percent and 46.3 percent compared to the year before.
CBRE lands the highest spot in this year’s Top 20 Commercial Mortgage Banking and Brokerage Firms ranking, with $67.9 billion in loan originations for the 12-month period ending this past September. The brokerage’s lending activity—the highest in terms of volume on our list—increased by 68.1 percent compared to the same time the year before.
Walker & Dunlop, in second place, reported an origination volume of $42.5 billion, growing nearly 33 percent from the previous year. Rounding out our top three with $34.4 billion in volume, Berkadia grew its production total by 38.8 percent.
Nearly all participating lenders indicated double-digit origination growth between the two 12-month periods, averaging 42.4 percent across all respondents. The firm with the highest overall increase was Greysteel, which reported a massive, 192-percent jump in lending volume. The outlook for the coming year appears overwhelmingly positive, with nearly 95 percent of respondents indicating growth in originations.
The Top 20 Commercial Mortgage Banking and Brokerage Firms ranking of 2022 utilized self-reported data for all firms. Our ranking is calculated using a weighted formula based on a variety of factors, including total origination volume, coverage offered, growth in transaction volume and loan positioning, among others. The ranking represents what we feel is a logical balance between firm growth and market share, as well as sector diversity or specialization. Ranking factors are not limited to the data on this page.
—Jeff Hamann, Senior Associate Editor, CPE