Wells Fargo & Co. originated $44.8 billion of commercial real estate loans in 2010 — including $8.5 billion of multifamily product — once again ranking first among all lenders in the sector, according to figures compiled by the Mortgage Bankers Association.
Meridian Capital Group ranked second in multifamily lending with $7.7 billion of originations.
(According to figures compiled by National Mortgage News and the Quarterly Data Report, Wells was also the nation's largest residential funder in 2010 with $390 billion of fundings and a market share north of 22%.)
Other commercial mortgage originators in the top 10 include: HFF, L.P.; Meridian Capital Group, LLC.; CBRE Capital Markets, Inc.; Prudential Mortgage Capital Company; MetLife Real Estate Investments; Deutsche Bank Commercial Real Estate; PNC Real Estate; Northmarq Capital, LLC; and Berkadia Commercial Mortgage LLC.
The MBA annual report shows that MetLife Real Estate Investments was the top originator for life insurance companies, TIAA-CREF for pension funds; HFF, L.P. for credit companies; and Cohen Financial for specialty finance firms.
In terms of multifamily lending, Wells Fargo is the top Fannie Mae originator of product with CBRE Capital Markets Inc. being the top Freddie Mac funder. Prudential Mortgage Capital Co. is the top FHA/Ginnie Mae originator.
In terms of brokering commercial loans for third-party investors, the top five originators were: Wells Fargo Bank; HFF, L.P.; Meridian Capital Group, LLC; CBRE Capital Markets Inc.; and Prudential Mortgage Capital Company.
