The following rankings are based on responses to NREI's Top Lender Survey questionnaire and reflect total dollars financed or arranged in commercial real estate during the 2004 calendar year.

Listings are presented in three parts. The first listing includes firms financing direct loans, credit lines, CMBS lending and other forms of direct investments to the industry.

The second listing ranks financial intermediaries, including mortgage brokers and financial firms that arranged or facilitated transactions during 2004. In instances where companies utilized their own balance sheet to close loans, or a line of credit to warehouse loans prior to securitization or sale in the secondary market, that volume was not considered production on an intermediary basis. For example, conduit lending and agency lending constituted direct lending for the purposes of this survey.

The third listing includes government-sponsored enterprises Freddie Mac and Fannie Mae.

While NREI made every attempt to ensure the final survey was comprehensive, some companies chose not to participate.

Direct Lenders

1. Bank of America/Banc of America Securities LLC
100 N. Tryon St.
Charlotte, NC 28255
E-mail:
commercialrealestate@bankofamerica.com
Website: www.bofa.com

Officers: Eugene J. Godbold, President, Commercial Real Estate Banking; Ron D. Sturzenegger, Managing Director & Group Head, Real Estate & Lodging Investment Banking; George G. Ellison, Managing Director, Group Head of ASIG Finance & Origination
Financed in 2004: $58.6 billion

2. Wachovia
301 S. College, NC0171
Charlotte, NC 28288
Phone: (704) 383-6315
Fax: (704) 374-6345
E-mail:
brett.smith@wachovia.com
Website: www.wachovia.com

Officers: Bill Green, Managing Director/Head of Real Estate Capital Markets; Mike Slocum, EVP/Head of Real Estate Financial Services; Brett Smith, Managing Director/Head of Mortgage Origination & Placement; Jim Pierpoint, VP
Financed in 2004: $46.8 billion

3. KeyBank Real Estate Capital
127 Public Square
Cleveland, OH 44114
Phone: (888) 539-2222
Fax: (216) 689-5462
Website:
www.key.com/realestatecapital

Officers: George E. Emmons Jr., EVP, Group Head; John E. Case, EVP, National Sales Manager; E.J. Burke, EVP, Commercial Mortgage Lending; Laurie Masters, VP, Marketing
Financed in 2004: $18.8 billion

4. GMAC Commercial Mortgage Corp.
200 Witmer Rd.
Horsham, PA 19044
Phone: (800) 446-2226
Fax: (215) 328-1976
Website:
www.gmaccm.com

Officers: Robert D. Feller, CEO; Scot B. Barker, President/COO; Thomas P. MacManus, President/CEO, North American Operations; Colleen Plummer, SVP/Managing Director, Communications & Marketing
Financed in 2004: $17.1 billion

5. Lehman Brothers
399 Park Ave.
New York, NY 10022
Phone: (212) 526-5191
E-mail:
kcohen@lehman.com

Officers: Mark Walsh, Managing Director; Kenneth Cohen, Managing Director; Brett Ersoff, Managing Director
Financed in 2004: $16.5 billion

6. CSFB/Column Financial Inc.
3414 Peachtree Rd
Atlanta,GA 30326
Phone: (404) 239-5300
Fax: (404) 261-5879
E-mail:
kieran.quinn@colfin.com
Website: www.columnfinancial.com

Officers: Robert P. Brennan, Global Head of Real Estate Finance; Kieran P. Quinn, Chairman, Column Financial Inc.; Gregory R. Golden, President, Column Financial Inc.
Financed in 2004: $12.5 billion

7. LaSalle Bank
135 S. LaSalle St.
Chicago, IL 60603
Phone: (312) 904-2000
Website:
www.lasallebank.com

Officers: Norman R. Bobins, President/CEO; M. Hill Hammock, Chairman/COO; John Newman, President, Specialty Banking; Mark Nystuen, Chief Marketing Officer
Financed in 2004: $11.5 billion

8. Morgan Stanley
1221 Avenue of the Americas
New York, NY 10020
Phone: (212) 762-6601
Fax: (212) 507-4139
E-mail:
James.Flaum@morganstanley.com
Website: www.morganstanley.com

Officers: John Westerfield, Managing Director; James Flaum, Managing Director; Steven Stern, Managing Director
Financed in 2004: $11.1 billion

9. Washington Mutual
1201 Third Ave.
Seattle, WA 98101
Phone: (866) 353-3742
Website:
www.wamu.com

Officers: Craig Chapman, President, Commercial Group; Al Brooks, EVP/Chief Lending Officer; Robin Bolz, EVP; Dianne Larsen, EVP
Financed in 2004: $9.9 billion

10. GE Commercial Finance Real Estate
292 Long Ridge Rd.
Stamford, CT 06927
Phone: (888) GE-FIRST
Fax: (203) 357-4475
E-mail:
elead_gere.usa@ge.com
Website: www.gerealestate.com

Officers: Michael E. Pralle, President/CEO; Joseph Parsons, President, North America Equity; Daniel Smith, SVP, North America Debt; Jonathan Kern, Chief Investment Officer
Financed in 2004: $8.1 billion

11. Prudential Mortgage Capital Co.
100 Mulberry St., 8GC4
Newark, NJ 07045
Phone: (888) 263-6800
Fax: (973) 367-8210
E-mail:
pru_mortgage_capital@prudential.com
Website: www.prudential.com/mortgagecapital

Officers: David Twardock, President; David Durning, Managing Director, Originations; Amy Rubin, Director, Marketing
Financed in 2004: $8 billion

11. Deutsche Bank
60 Wall St.
New York, NY 10005
Phone: (212) 250-2500
Fax: (212) 797-4490
Website:
www.dbmortgagecapital.com

Officers: Jon Vaccaro, Managing Director, Global Head of Commercial Real Estate; Eric Schwartz, Managing Director, Large Loan Originations; Kenneth Dickey, Managing Director, Conduit Loan Originations; Elizabeth Sandler, Managing Director/COO, Commercial Real Estate
Financed in 2004: $8 billion

13. Bear Stearns Commercial Mortgage Inc.
383 Madison Ave.
New York, NY 10179
Phone: (212) 272-7918
Fax: (212) 272-7047
E-mail:
choeffel@bear.com
Website: www.bearcommercialmortgage.com

Officers: J. Christopher Hoeffel, Senior Managing Director; Randy Reiff, Senior Managing Director
Financed in 2004: $6.7 billion

14. RBS Greenwich Capital
600 Steamboat Rd.
Greenwich, CT 06830
Phone: (203) 618-2230
Fax: (203) 618-2052
Website:
www.gcm.com

Officers: Chuck Rosenzweig, Managing Director; Dave Murdoch, Managing Director; Wayne Brandt, Managing Director; Peter Ward, Head of Corporate Communications
Financed in 2004: $6.5 billion

15. CIBC World Markets
300 Madison Ave., 8th Floor
New York, NY 10017
Phone: (212) 667-5601
Fax: (212) 667-5600
E-mail:
michael.higgins@us.cibc.com
Website: www.cibcwm/ref

Officers: Michael Higgins, Managing Director; Barrie Wood, Managing Director; John Sawyers, Executive Director
Financed in 2004: $5.6 billion

16. National City
1900 E. 9th St., 15th Floor
Cleveland, OH 44114
Phone: (216) 222-2332
Fax: (216) 222-9650

Officers: Kenneth M. Goetz, EVP/Business Line Manager
Financed in 2004: $5.1 billion

17. TIAA-CREF
730 3rd Ave.
New York City, NY 10017
Phone: (212) 490-9000
Fax: (212) 916-6005
Website:
www.tiaa-cref.org

Officers: Herbert M. Allison, Chairman/President/CEO; Elizabeth Monrad, EVP/CFO
Financed in 2004: $4.6 billion

18. UBS
1285 Avenue of the Americas
New York, NY 10019
Phone: (212) 713-2000
Fax: (212) 713-2099
Website:
www.ubs.com

Officers: Ron Garner, Managing Director; Ahmed Alali, Managing Director; Peter Smith, Managing Director
Financed in 2004: $4.5 billion

19. PNC Real Estate Finance
249 Fifth Ave.
Pittsburgh, PA 15243
Phone: (877) PNC-IDEA
Fax: (412) 705-2010
E-mail:
realestateinfo@pncrealestatefinance.com
Website: www.pncrealestatefinance.com

Officers: Hugh Frater, EVP; Marc McAndrew, SVP; Jeff Johnson, SVP; Scott Bassin, COO
Financed in 2004: $4 billion

20. American Property Financing
6 E. 43rd St.
New York, NY 10017
Phone: (212) 850-4200
Fax: (212) 850-4216
E-mail:
tschissler@apflending.com
Website: www.apflending.com

Officers: Alan Wiener, Chairman; Art Habighorst, President; Thomas Schissler, EVP/National Sales Director; Jack Krayson, Director, Marketing Services
Financed in 2004: $2.9 billion

21. iStar Financial Inc.
1114 Avenue of the Americas
New York, NY 10036
Phone: 212-930-9400
Fax: 212-930-9494
Website:
www.istarfinancial.com

Officers: Jay Sugarman, Chairman and CEO; Jay Nydick, President; Jeffrey R. Digel, EVP, Investments; Roger M. Cozzi, EVP, Investments
Financed in 2004: $2.78 billion

22. Fremont Investment & Loan
2727 E. Imperial Hwy.
Brea, CA 92821
Phone: (714) 961-5000
Fax: (714) 961-7509
E-mail:
mschafer@fmtinv.com
Website: www.1800fremont.com

Officers: Murray L. Zoota, President/CEO; Gwyneth E. Colburn, EVP, Commercial Real Estate; Tom Whitesell, SVP, Commercial Real Estate; Maura Schafer, VP, Marketing
Financed in 2004: $2.7 billion

22. CharterMac
625 Madison Ave.
New York, NY 10022
Phone: (212) 317-5700
Fax: (212) 751-3559
Website:
www.chartermac.com

Officers: Stuart Boesky, CEO; Marc Schnitzer, President
Financed in 2004: $2.7 billion

24. AEGON USA Realty Advisors
4333 Edgewood Rd. NE
Cedar Rapids, IA 52499
Phone: (319) 398-8888
Fax: (319) 369-2283
Website:
www.aegonrealty.com

Officers: David Blankenship, President; Steven J. Myers, SVP; Chuck Johnson, Senior Director
Financed in 2004: $2.6 billion

25. IXIS Real Estate Capital Inc.
9 W. 57th St., 36th Floor
New York, NY 10019
Phone: (212) 891-5700
Fax: (212) 891-5777
E-mail:
realestate@ixiscm.com
Website: www.ixisrealestatecapital.com

Officers: Brook Payner, Head of Real Estate Finance; Scott Zucker, Head of Originations; Janine Shagoury, Corporate Communications
Financed in 2004: $2.5 billion

26. Collateral Mortgage Capital LLC
524 Lorna Square
Birmingham, AL 35216
Phone: (205) 978-1139
Fax: (205) 978-1483
E-mail:
loans@collateral.com
Website: www.collateral.com

Officers: David A. Roberts, President/CEO; Thomas J. Turner, III, Chairman; John W. Davis, Executive Managing Director; Patricia O'Bannon Muse, VP / Director of Marketing
Financed in 2004: $2.3 billion

27. Babson Capital Management LLC
1500 Main St., Suite 2100
Springfield, MA 01115
Phone: (413) 226-1000
Fax: (413) 226-1246
Website:
www.babsoncapital.com

Officers: Stuart Reese, President/CEO; Ken Hargreaves, Managing Director
Financed in 2004: $2.1 billion

28. ARCS Commercial Mortgage
26901 Agoura Rd., Suite 200
Calabasas Hills, CA 91301
Phone: (800) ASK-ARCS
Fax: (818) 880-3330
E-mail:
info@arcscommercial.com
Website: www.askARCS.com

Officers: Howard Levine, President/CEO; Tim White, EVP/COO; Holli Leon, EVP, Production; Arthur Nissman, VP, Corporate Communications
Financed in 2004: $2 billion

29. Archon Financial LP
600 E. Las Colinas Blvd., Suite 450
Irving, TX 75039
Phone: (800) 710-7616
Fax: (972) 830-7698
E-mail:
info@archonfinancial.com
Website: www.archonfinancial.com

Officers: Roddy O'Neal, Co-CEO; Joseph M. Osborne, COO/General Counsel; Jim Conway, Co-CEO; Ben Glatzer, Marketing Director
Financed in 2004: $1.81 billion

30. GE Healthcare Financial Services
500 W. Monroe
Chicago, IL 60661
Phone: (800) 598-6201
Website:
www.gehealthcarefinance.com

Officers: Jeff Malehorn, President/CEO; Randy Waring, Managing Director
Financed in 2004: $1.8 billion

31. Reilly Mortgage
2010 Corporate Ridge, Suite 1000
McLean,VA 22102
Phone: (703) 760-4700
Fax: (703) 760-4750
E-mail:
info@reilly.com
Website: www.reilly.com

Officers: Tom Szydlowski, CEO; Lamar Seats, Head of Production; Mike Aquilino, EVP
Financed in 2004: $1.6 billion

32. Union Labor Life Insurance Co. (Ullico)
1625 Eye St. NW
Washington, D.C. 20001
Phone: (202) 682-7923
Fax: (202) 682-6940
E-mail:
hkolben@ullico.com
Website: www.ullico.com

Officers: Terence O'Sullivan, Chairman/CEO; Edward Grebow, President; Herbert A. Kolben, SVP; Pam Greenwalt, VP
Financed in 2004: $1.5 billion

33. Sumitomo Mitsui Banking Corp.
277 Park Ave.
New York, NY 10172
Phone: (212) 224-4000
Fax: (212) 224-4887
Website:
www.smbcgroup.com

Officers: William Karl, SVP; Keith Connolly, VP; Charles Sullivan, VP
Financed in 2004: $1.4 billion

34. Red Capital Group
Two Miranova Place
Columbus, OH 43215
Phone: (800) 837-5100
Fax: (614) 857-1660
E-mail:
financing@redcapitalgroup.com
Website: www.redcapitalgroup.com

Officers: Mark C. Beisler, President/Chief Transactions Officer; David L. Goodman, Chairman/CEO; Kenneth H. Bowen, Senior Managing Director/Chief Underwriter; Linda L. Mackov, Managing Director
Financed in 2004: $1.2 billion

35. Arbor Commercial Mortgage LLC
333 Earle Ovington Blvd., Suite 900
Uniondale, NY 11553
Phone: (800) 272-6710
Fax: (516) 832-8045
E-mail:
moreinfo@thearbornet.com
Website: www.thearbornet.com

Officers: John Caulfield, SVP, Capital Markets & National Sales; Ronald Gaither, COO; Paul Morehouse, VP/Regional Director; Bonnie Habyan SVP, Marketing
Financed in 2004: $1.1 billion

36. Imperial Capital Bank
888 Prospect St., Ste. 110
La Jolla, CA 92037
Phone: (800) 818-1753
Fax: (858) 551-8069
E-mail:
mkunac@imperialcapitalbank.com
Website: www.imperialcapitalbank.com

Officers: George W. Haligowski, President/Chairman of the Board/CEO; Norval Bruce, Vice Chairman/Chief Credit Officer; Maria Kunac, Senior Managing Director/Chief Lending Officer; Timothy Doyle, Senior Managing Director/CFO
Financed in 2004: $978 million

37. W. P. Carey & Co. LLC
50 Rockefeller Plaza
New York, NY 10020
Phone: (212) 492-1100
Fax: (212) 492-8922
E-mail:
financing@wpcarey.com
Website: www.wpcarey.com

Officers: Gordon F. DuGan, CEO; Edward V. LaPuma, President/Chief Investment Officer, International; Stephen Hamrick, National Marketing Director
Financed in 2004: $890 million

38. Legg Mason Mortgage Capital Corp.
100 Light St.
Baltimore, MD 21202
Phone: (410) 454-2500
Fax: (410) 454-4175
E-mail:
kgore@leggmason.com
Website: www.leggmason.com

Officers: Richard A. Jacobs, Managing Director; W. Kyle Gore, Managing Director
Financed in 2004: $810 million

39. Glaser Financial Group Inc.
2177 Youngman Ave.
St. Paul, MN 55116
Phone: (651) 644-7694
Fax: (651) 644-0923
Website:
www.glaser.com

Officers: Kenneth Dayton, VP; Kevin Filter, President; Shana Erie, Technical Support/Marketing Specialist
Financed in 2004: $435 million

40. USA Capital
4484 S. Pecos Rd.
Las Vegas, NV 89121
Phone: (702) 734-2400
Fax: (702) 967-6888
E-mail:
Tom@USACapitalCorp.com
Website: www.usacapitallender.com

Officers: Tom Hantges, CEO; Joseph Milanowski, President; Tom Hantges, Senior Loan Officer
Financed in 2004: $400 million

40. Calyon
1301 Avenue of the Americas
New York, NY 10019
Phone: (212) 261-7854
Website:
www.calyon.com

Officers: John Wain, Managing Director/Head of Real Estate; John Christensen, Managing Director
Financed in 2004: $400 million

Financial Intermediaries

1. Bank of America/Banc of America Securites LLC
100 N. Tryon St.
Charlotte, NC 28255
E-mail:
commercialrealestate@bankofamerica.com
Website: www.bofa.com

Officers: Eugene J. Godbold, President, Commercial Real Estate Banking; Ron D. Sturzenegger, Managing Director & Group Head, Real Estate & Lodging Investment Banking; George G. Ellison, Managing Director, Group Head of ASIG, Finance & Origination
Arranged in 2004: $49.7 billion

2. HFF (Holliday Fenoglio Fowler)
2000 Post Oak Blvd., Suite 2000
Houston, TX 77056
Phone: (713) 852-3500
Fax: (713) 527-8725
Website:
www.hfflp.com

Officers: John H. Pelusi Jr., Executive Managing Director/Managing Member; Mark D. Gibson, Executive Managing Director; Myra F. Moren, Director, Marketing & Research
Arranged in 2004: $22.3 billion

3. L.J. Melody & Co.
5847 San Felipe, Suite 4400
Houston,TX 77057
Phone: (713) 787-1900
Fax: (713) 787-1998
E-mail:
jennifer.uschold@ljmelody.com
Website: www.ljmelody.com

Officers: Brian Stoffers, Executive Managing Director/COO; Mike Melody, Executive Managing Director; Tom Melody, Executive Managing Director; Jennifer M. Uschold, Marketing Manager
Arranged in 2004: $13.2 billion

4. Meridian Capital
1 Battery Park Plaza, 26th Floor
New York, NY 10004
Phone: (212) 972-3600
Fax: (212) 612-0100
E-mail:
sales@meridiancapital.com
Website: www.meridiancapital.com

Officers: Avi Weinstock, EVP; Aaron Birubaum, EVP; Alyssa Whitelaw, Director of Marketing; Ralph Herzka, President/CEO
Arranged in 2004: $11.9 billion

5. NorthMarq Capital Inc.
3500 American Boulevard West, Suite 500
Bloomington, MN 55431
Phone: (952) 356-0100
Fax: (952) 356-0099
E-mail:
mail@northmarq.com
Website: www.northmarq.com

Officers: Edward Padilla, CEO; Michael J. Myers, CAO; Lawrence Stephenson, SVP/Director of Capital Markets
Arranged in 2004: $9.6 billion

6. Lehman Brothers
399 Park Ave.
New York, NY 10022
Phone: (212) 526-5191
E-mail:
kcohen@lehman.com
Website: www.lehmanbrothers.com

Officers: Mark Walsh, Managing Director; Kenneth Cohen, Managing Director; Brett Ersoff, Managing Director
Arranged in 2004: $6.3 billion

7. GMAC Commercial Mortgage Corp.
200 Witmer Rd.
Horsham, PA 19044
Phone: (800) 446-2226
Fax: (215) 328-1976
Website:
www.gmaccm.com

Officers: Robert D. Feller, CEO; Scot B. Barker, President/COO; Thomas P. MacManus, President & CEO, North American Operations; Colleen Plummer, SVP, Managing Director Communications & Marketing
Arranged in 2004: $5.4 billion

8. Q10 Capital LLC
111 E. Broadway, Suite 1250
Salt Lake City, UT 84111
Phone: (801) 323-1088
Fax: (801) 323-1089
E-mail:
pmendenhall@q10capital.com
Website: www.q10capital.com

Officers: James M. Murphy, Chairman/CEO; Paul K. Mendenhall, President/COO
Arranged in 2004: $4.4 billion

9. Sonnenblick-Goldman Co.
712 Fifth Ave.
New York, NY 10019
Phone: (212) 841-9200
Fax: (212) 262-4224
E-mail:
aoliver@sonngold.com
Website: www.sonngold.com

Officers: Steven Kohn, President; Andrew Oliver, Managing Director/Principal
Arranged in 2004: $4.3 billion

10. Secured Capital Corp.
11150 Santa Monica Blvd., Suite 1400
Los Angeles,CA 90025
Phone: (310) 477-9600
Fax: (310) 477-3436
E-mail:
dstout@securedcapital.com
Website: www.securedcapital.com

Officers: D. Michael Van Konyenburg, President/CEO; Charles P. Toppino, EVP/Principal; Carl Rieger, Jr., Managing Director/COO
Arranged in 2004: $4 billion

11. Cohen Financial
Two N. LaSalle St., Suite 800
Chicago, IL 60602
Phone: (312) 346-5680
Fax: (312) 346-6669
Website:
www.cohenfinancial.com

Officers: Jack M. Cohen, CEO; Frank Scavone, COO; Bill Wein, EVP; Joe Vitek, Brand Manager
Arranged in 2004: $3.8 billion

12. Principal Real Estate Investors
801 Grand Ave.
Des Moines, IA 50392
Phone: (800) 533-1390
Fax: (515) 362-0676
Website:
www.principalglobal.com

Officers: Pat Halter, CEO; Randy Mundt, Chief Investment Officer; Steven Graves, Managing Director, Head of Production & Asset Management; Richard Hibbs, Executive Director, Institutional Marketing
Arranged in 2004: $3.71 billion

13. PNC Real Estate Finance
249 Fifth Ave.
Pittsburgh, PA 15243
Phone: (877) PNC-IDEA
Fax: (412) 705-2010
E-mail:
realestateinfo@pncrealestatefinance.com
Website: www.pncrealestatefinance.com

Officers: Hugh Frater, EVP; Marc McAndrew, SVP; Jeff Johnson, SVP; Scott Bassin, COO
Arranged in 2004: $3.7 billion

14. iCap Realty Advisors
100 N. Riverside Plaza, Suite 2300
Chicago, IL 60606
Phone: (312) 258-iCap (4227)
Fax: (312) 258-4222
E-mail:
rberman@iCapRealty.com
Website: www.iCapRealty.com

Officers: Ross A. Berman, President/COO; Kin Heyward, Chairman, Board of Managers
Arranged in 2004: $3.3 billion

15. The Ackman-Ziff Real Estate Group
110 E. 42nd St.
New York, NY 10017
Phone: (212) 697-3333
Website:
www.ackmanziff.com

Officers: Lawrence Ackman, Chairman; Simon Ziff, President
Arranged in 2004: $2.7 billion

16. Inland Mortgage Corp.
2901 Butterfield Rd.
Oak Brook, IL 60523
Phone: (630) 218-8000
Fax: (630) 218-4961
Website:
www.inlandmtg.com

Officers: Leslie Lundin, SVP; Art Rendak, VP; Patrick O'Meara, Loan Officer
Arranged in 2004: $2.3 billion

17. Draper and Kramer Inc.
33 W. Monroe St., Suite 1900
Chicago, IL 60603
Phone: (312) 580-6553
Fax: (312) 346-6531
E-mail:
barryb@draperandkramer.com
Website: www.draperandkramer.com

Officers: Douglas Kramer, Chairman; Forrest Bailey, President/CEO; Bill Barry, SVP
Arranged in 2004: $1.8 billion

18. Singer & Bassuk Organization
767 Third Ave.
New York, NY 10017
Phone: (212) 371-2277
Fax: (212) 371-6610
E-mail:
scottsinger@singerbassuk.com
Website: www.singerbassuk.com

Officers: Andrew J. Singer, Chairman/CEO; Scott A. Singer, EVP
Arranged in 2004: $1.5 billion

19. Wachovia
301 S. College; NC0171
Charlotte, NC 28288
Phone: (704) 383-6315
Fax: (704) 374-6345
E-mail:
brett.smith@wachovia.com
Website: www.wachovia.com

Officers: Bill Green, Managing Director, Head of Real Estate Capital Markets; Mike Slocum, EVP/Head of Real Estate Financial Services; Brett Smith, Managing Director/Head of Mortgage Origination & Placement; Jim Pierpoint, VP
Arranged in 2004: $1.1 billion

20. Marcus & Millichap Capital Corp.
19800 MacArthur Blvd., Suite 150
Irvine, CA 92612-2420
Phone: (949) 851-3030
E-mail:
whughes@marcusmillichap.com
Website: www.mmcapcorp.com

Officers: Harvey E. Green, President; William E. Hughes, SVP; Greg Miskovsky, Western Divisional Loan Manager; Hessam Nadji, SVP
Arranged in 2004: $800 million

21. David Cronheim Mortgage Corp.
205 Main St.
Chatham, NJ 07928
Phone: (973) 635-6800
Fax: (973) 635-6091
E-mail:
Thomas@cronheimmort.com
Website: www.cronheimmort.com

Officers: Andrew Stewart, COO
Arranged in 2004: $736 million

22. Heitman
191 N. Wacker Dr., Suite 2500
Chicago, IL 60606
Phone: (312) 855-5700
Fax: (312) 855-0459
Website:
www.heitman.com

Officers: Jerry Claeys, Chairman; Maury Tognarelli, President/CEO; Lewis Ingall, EVP, Client Service & Marketing
Arranged in 2004: $728 million

23. Dwinn-Shaffer & Co.
30 W. Monroe St., Suite 1610
Chicago, IL 60603
Phone: (312) 346-9191
Fax: (312) 346-2613
E-mail:
lwineburgh@dwinn.com
Website: www.dwinn.com

Officers: Leonard E. “Bud” Wineburgh, President; Joel Levin, CFO; Lance S. Mayster, EVP
Arranged in 2004: $657 million

24. Dominion Healthcare Financial Corp.
11355 W. Olympic Blvd., Suite 210
Los Angeles, CA 90064
Phone: (310) 477-3041
Fax: (310) 477-1601
E-mail:
paul@dominfin.com
Website: www.dominfin.com

Officers: Paul S. Horvitz, President; Keith A. Olson, EVP; Loren Thall, VP; Deloris Kitchen, Corporate Administrator
Arranged in 2004: $615 million

25. GE Commercial Finance Real Estate
292 Long Ridge Rd.
Stamford, CT 06927
Phone: (888) GE-FIRST
Fax: (203) 357-4475
E-mail:
elead_gere.usa@ge.com
Website: www.gerealestate.com

Officers: Michael E. Pralle, President/CEO; Joseph Parsons, President, North America Equity; Daniel Smith, SVP, North America Debt; Jonathan Kern, Chief Investment Officer
Arranged in 2004: $600 million

26. Meredith & Grew Inc.
160 Federal St.
Boston, MA 02110
Phone: (617) 330-8050
Fax: (617) 330-8149
Website:
www.m-g.com

Officers: Thomas J. Hynes, Jr., President; Kevin C. Phelan, EVP; Melissa J. Browne, VP
Arranged in 2004: $530 million

27. Metropolitan Capital Advisors Ltd.
18111 Preston Rd., Suite 100
Dallas, TX 75252
Phone: (972) 267-0600
Fax: (972) 267-0606
E-mail:
gjohnson@metcapital.com
Website: www.metcapital.com

Officers: Scott R. Lynn, Director/Principal
Arranged in 2004: $500 million

27. AFC Realty Capital Inc.
111 W. 57th St.
New York, NY 10019
Phone: (212) 245-2050
Fax: (212) 245-0022
E-mail:
fefferman@afcrealtycapital.com
Website: www.afcrealtycapital.com

Officers: Arthur Fefferman, President; Michael Sonnabend, Executive Director; Joseph Fatony, Senior Managing Director; Peter Berk, Managing Director
Arranged in 2004: $500 million

29. Quantum First Capital
8235 Douglas Ave., Suite 910
Dallas, TX 75225
Phone: (214) 346-0200
Fax: (214) 346-0244
E-mail:
quantum@qfclp.com
Website: www.qfclp.com

Officers: Stuart Wernick, President; Hunter McGrath, Director; Jason Rice, Director; Clint Lofman, Director
Arranged in 2004: $370 million

30. Dockerty Romer & Co.
70 S.E. 4th Ave.
Delray Beach, FL 33483
Phone: (561) 330-8000
Fax: (561) 330-8001
E-mail:
drc@dockertyromer.com

Officers: Robert J. Dockerty, Principal; Craig B. Romer, Principal
Arranged in 2004: $360 million

31. Bernard Financial Group
20700 Civic Center Dr.
Southfield, MI 48076
Phone: (248) 799-9200
Fax: (248) 799-9208
E-mail:
ckalinowski@bernardfinancial.com

Officers: Dennis S. Bernard, President; Crystal Kalinowski, VP, Servicing
Arranged in 2004: $347 million

32. U.S. Realty Advisors LLC
1370 Avenue of the Americas, 21st Floor New York, NY 10019
Phone: (212) 581-4540
Fax: (212) 581-4950
E-mail:
pbennett@usrealtyadvisors.com
Website: www.usrealtyadvisors.com

Officers: Richard Adler, Chairman; Laurie Hawkes, President; Patricia Bennett, VP
Arranged in 2004: $300 million

33. Arko Investmnents Inc.
155 N. Harbor Drive, Suite 1202
Chicago, IL 60601
Phone: (312) 540-1580
Fax: (312) 540-1584
E-mail:
arkoinc@aol.com

Officers: Allan Koretz, President; Robert Koretz, SVP; Robert Koretz, SVP; Ken DeWitt, Office Manager
Arranged in 2004: $275 million

34. PRC Partners Realty Capital LLC
1301 Dove St., Suite 720
Newport Beach, CA 92660
Phone: (949) 851-1954
Fax: (949) 851-1819
E-mail:
jhunter@prcpartners.com
Website: www.prcpartners.com

Officers: Jay Hunter, Managing Director; David Young, Managing Director
Arranged in 2004: $250 million

35. Bloomfield Financial Services
38505 Woodward Ave.
Bloomfield Hills, MI 48304
Phone: (248) 644-2170
Fax: (248) 644-5028
E-mail:
bob@bloomfieldfinancial.com

Officers: Robert Joseph, Chairman
Arranged in 2004: $225 million

36. Monroe & Giordano LLC
777 S. Harbour Island Blvd.,
Suite 140
Tampa, FL 33602
Phone: (813) 229-5055
Fax: (813) 229-5363
E-mail:
cmonroe@monroe-giordano.com

Officers: J. Cary Monroe, Managing Member; Mike Giordano, SVP; Glenda Rice, Director of Loan Processing
Arranged in 2004: $210 million

37. APC Realty Advisors
10 E. 53rd St., 35th Floor
New York, NY 10022
Phone: (212) 397-2999
Fax: (212) 397-0494
E-mail:
email@apcrealty.com

Officers: Richard H. Mosse, President/CEO; Stuart Lederer, Managing Director; Caroline Mosse, SVP
Arranged in 2004: $188 million

38. First American Realty Associates
310 Passaic Ave., Suite 204A
Fairfield, NJ 07004
Phone: (973) 575-7547
Fax: (973) 575-7631
E-mail:
Firstamerrealty@aol.com

Officers: Joseph S. Epstein, President
Arranged in 2004: $43 million

39. Investment Realty Co.
1635 NE Loop 410, Suite 910
San Antonio, TX 78209
Phone: (210) 828-9261
Fax: (210) 828-8797
E-mail:
info@investmentrealty.com
Website: www.investmentrealty.com

Officers: Barbara S. Condos, President; Stephen A. Raub, VP; Alex Condos, Director of Mortgage Banking; Donald A. Willoughby, VP
Arranged in 2004: $40 million

40. Ravenel Investment Co.
230 Lakeview Ridge East
Roswell,GA 30076-3205
Phone: (770) 992-1515
Fax: (770) 587-1122
E-mail:
ravinvest@ravenel.net

Officers: Jim Ravenel, President; C. S. Ravenel, VP
Arranged in 2004: $32 million

Government-Sponsored Enterprises

Freddie Mac
8100 Jones Branch Dr.
McLean, VA 22102
Phone: (703) 714-2650
Fax: (703) 714-4004
Email:
mitchell_kiffe@freddiemac.com
Web site: www.FreddieMac.com

Officers: Richard F. Syron, Chairman/CEO; Eugene M. McQuade, President/COO; Adrian B. Corbiere, SVP, Multifamily Sourcing
Arranged in 2004: $13 billion

Fannie Mae
3900 Wisconsin Ave. NW
Washington, D.C. 20009
Phone: (800) 732-6643
Fax: (301) 280-2049
Web site:
www.fanniemae.com
Arranged in 2003: $36 billion*
*Fannie Mae declined to provide total arranged financing for 2004.