Wells Fargo was again the top originator of commercial/multifamily mortgages in 2015, increasing volume by nearly one-third over the previous year to reach $66.7 billion, according to the Mortgage Bankers Association’s annual originations rankings.
The bank had originated $50.3 billion in 2014 and now has held the top spot since 2009 — after sharing the accolade in a draw with Bank of America in 2008.
The remaining seven in the top 10 were HFF with about $41.6 billion; Meridian Capital Group with $36 billion; Bank of America Merrill Lynch with just under $36 billion; CBRE Capital Markets, $33.7 billion; PNC Real Estate, $31.4 billion; Key Bank, $30.8 billion; and Capital One Financial, with nearly $27 billion.
Capital One Financial was new to the top 10, while Deutsche Bank Securities dropped off.
The top originators by investor category were:
Eastil Secured, Deutsche Bank Securities and JP Morgan Chase & Company for commercial mortgage-backed securities (CMBS);
JP Morgan Chase & Company, Bank of America Merrill Lynch and PNC Real Estate for commercial bank loans;
MetLife, HFF and Prudential Mortgage Capital Company for life insurance companies;
Wells Fargo, Walker & Dunlop, and Berkadia for Fannie Mae; Berkadia, CBRE Capital Markets, and Walker & Dunlop for Freddie Mac; Berkadia, Red Mortgage Capital and Wells Fargo for FHA/Ginnie Mae;
TIAA, Cushman & Wakefield and CBRE Capital Markets for pension funds;
CBRE Capital Markets, HFF, L.P., and Cushman & Wakefield for credit companies;
Key Bank, Capital One Financial Corp., and Eastdil Secured for REITS, Mortgage REITS, and Investment Funds;
JLL, Meridian Capital Group and Mesa West Capital for specialty finance.
By dollar volume, the top five originators for third parties were Eastdil Secured; HFF; Meridian Capital Group; CBRE Capital Markets; and Wells Fargo.