Interest rates are finally creeping up — 10-year Treasuries are north of 5 percent and consensus among lenders is that they will head even higher by the end of the year. But that has not slaked borrowers' thirst for capital. And with more lenders than ever trying to get in on the business, the balance is still firmly in borrowers' favor.
As a result, lenders are finding themselves meeting exotic demands. Use of interest-only loans remains high. Some developers are demanding construction-to-perm loans so they don't have to negotiate terms again after a project's build-out. Amortization periods are also getting stretched. The norm used to be 20 to 25 years. Now borrowers are asking for, and getting, 35-year amortizations on top of a few years of interest only payments.
Market conditions have been so tight that some lenders are refusing to play in parts of the market. Margins are so tight that there is no profit after lenders perform all their due diligence and underwriting on a property. So, for example, some lenders are shutting down their businesses for deals worth less than $10 million. And most players believe that shakeout will continue.
“There is no sign that the pendulum is swinging away from borrowers,” says John Cannon, executive vice president and managing director with Capmark Financial Group Inc. “There are no signs of a tightening of credit. … Lenders are putting out huge amounts of capital for very little returns right now.”
It is in this context that Retail Traffic provides its annual list of top retail real estate lenders. We've structured things a little differently this year. Many respondents refused to provide figures on their retail real estate practices.
Instead of ranking all the respondents, with help from our sister publication National Real Estate Investor (which printed its own lender survey in its April issue), we've provided a directory of institutions that provide direct lending or arrange financing on retail. You'll find this directory in the following pages.
Our listing was compiled using Prism Business Media's research capabilities. Lenders were encouraged to fill out an online survey or fax us a form. According to their responses, we made our best attempt at ranking them. Of companies that provided figures, we have produced a Top 15 among Direct Lenders and Financial Intermedaries, which can be found on page 41.
In order to assure the most accurate listing is available on our Web site, www.retailtrafficmag.com, any companies omitted from this list should send me a note at [email protected], so we can continue to update the listing and make sure we get to your company in next year's edition. Thanks for your help.
AEGON USA REALTY ADVISORS INC.
4333 Edgewood Rd. N.E.
Cedar Rapids, IA 52499
PH: 319.398.8888 FAX: 319.369.2283
www.aegonrealty.com
David L. Blankenship, COO; Steven J. Myers, EVP;
Scott T. Cote, SVP
ARKO INVESTMENTS
155 N. Harbor Drive, Suite 1202
Chicago, IL 60601
PH: 312.540.1580 FAX: 312.540.1584
Allan Koretz, President; Bob Koretz, VP
Financial Intermediary Volume: $300 million
Regions: MW: $100M; SW: $200M
Avg. Loan Length: 2 years
Avg. Loan Amount: $30 million
BANK OF AMERICA
100 N. Tryon St.
Charlotte, NC 28255
www.bofa.com
Eugene J. Godbold, President, Commercial Real Estate Banking; Ron D. Sturzenegger, Managing Director & Group Head, Real Estate & Lodging Investment Banking
BEACON REALTY CAPITAL INC.
549 W. Randolph St., Suite 700
Chicago, IL 60661
PH: 312.207.0060 FAX: 312.207.1827
www.beaconrealtycapital.com
Neal Gussis, Principal; Jim Ablan, Principal; Bill Johnson, Principal
Financial Intermediary Volume: $502.9 million
Fixed: 57 percent Floating: 43 percent
BLOOMFIELD FINANCIAL SERVICES
38505 Woodward, Suite 1300
Bloomfield Hills, MI 48304
PH: 248.644.2170 FAX: 248.644.5028
Robert Joseph, Chairman; Michael Bonturnasi, Co-Chairman
Financial Intermediary Volume: $150 million
BRIDGER COMMERCIAL FUNDING
100 Shoreline Highway, Building B, Suite 100
Mill Valley, CA 94941
PH: 866.331.3220 FAX: 415.331.3390
www.bridgerfunding.com
Gregory S. Saunders, EVP/CFO; Gregory S. Smith, SVP; Robert S. Schonefeld, CEO; Peter S. Grabell, SVP
Direct Lender Volume: $3.4 billion
Regions: NE: $18.8M; SE: $58.8M; MW: $106.2M; SE: $78M; NW: $79.5M
Fixed: 100 percent
Avg. Loan Amount: $3.9 million
BUCHANAN STREET PARTNERS
620 Newport Center Dr., 8th Floor
Newport Beach, CA 92660
PH: 949.721.1414 FAX: 949.721.1919
www.buchananstreet.com
Timothy Ballard, CIO/Managing Partner; Thomas Sherlock, Managing Partner; Robert Brunswick, President/CEO
Financial Intermediary Volume: $250 million
Fixed: $120 million Floating: $130 million
Avg. Loan Length: 5.7 years
Avg. Loan Amount: $15 million
CAPITAL BANK & TRUST CO.
1820 West End Ave.
Nashville, TN 37203
PH: 615.327.9000 FAX: 615.327.4865
www.capitalbk.com
Gary Hollandsworth, SVP; Jason McClimans, VP; Rick Hart, Chairman/CEO; John Gregory, EVP/COO
Direct Lender Volume: $275 million
CAPMARK FINANCIAL GROUP INC. (formerly GMAC Commercial Holding Corp.)
200 Witmer Road
Horsham, PA 19044
PH: 800.446.2226 FAX: 215.328.1976
www.gmaccm.com
Jerry Earnest, EVP; Barry Gersten, EVP; Robert Feller, CEO; Hal Purcell, EVP
Direct Lender Volume: $2.4 billion
Financial Intermediary Volume: $1.5 billion
Fixed: $3.1 billion Floating: $842 million
CBRE/MELODY
5847 San Felipe, Suite 4400
Houston, TX 77057
PH: 713.787.1900 FAX: 713.787.1998
www.cbremelody.com
Tom Melody, Vice Chairman; Mike Melody, Vice Chairman; Brian Stoffes, President; Jeff Majewski, COO
Financial Intermediary Volume: $4 billion
Regions: NE: 20 percent; SE: 20 percent; MW: 20 percent; SW: 20 percent; NW: 20 percent Properties: RM: 11 percent; PC: 8 percent; CC: 15 percent; NC: 45 percent; LC: 6 percent; NL: 15 percent
Fixed: 94 percent Floating: 6 percent
CHARTERMAC
625 Madison Ave.
New York, NY 10022
PH: 212.317.5700 FAX: 212.421.2538
www.chartermac.com
Marc D. Schnitzer, CEO/President; Alan P. Hirmes, CFO/COO; Daryl J. Carter, CEO, CharterMac Mortgage Capital
CHICAGO CAPITAL MANAGEMENT GROUP
1400 North State Parkway
Chicago, IL 60610
PH: 312.932.0770 FAX: 312.932.0776
www.cig.us.com
Michael Gordon, Managing Director
Financial Intermediary Volume: $170 million
Regions: NE: $50M; SE: $30M; MW: $55M; SW: $30M; NW: $5M Properties: PC: $40M; CC: $20M; NC: $20M; NL: $90M
Fixed: 75 percent Floating: 25 percent
Avg. Loan Length: 10 years
Avg. Loan Amount: $9 million
CIBC WORLD MARKETS CORP.
300 Madison Ave.
New York, NY 10017
PH: 212.667.6999 FAX: 212.667.5655
www.cibcwm.com
Barrie Wood, Managing Director; Michael Higgins, Managing Director; Andrew Fawer, Managing Director
Direct Lender Volume: $5 billion
Regions: NE: $500M; SE: $300M; MW: $375M; SE: $175M; NW: $125M
Avg. Loan Length: 7 years
Avg. Loan Amount: $18 million
COHEN FINANCIAL
Two N. LaSalle St., Suite 800
Chicago, IL 60602
PH: 312.346.5680
FAX: 312.346.6669
www.cohenfinancial.com
Jack M. Cohen, CRI, CMB, CEO; William Wein, EVP, Capital Markets
COLLATERAL MORTGAGE CAPITAL LLC
3000 Riverchase Galleria, Suite 1020
Birmingham, AL 35244
PH: 205.978.1840
FAX: 205.978.1852
www.collateral.com
David A. Roberts, President/CEO; John W. Davis, Executive Managing Director/National Production Manager
CORUS BANK N.A.
3959 N. Lincoln Ave.
Chicago, IL 60613
PH: 800.890.8837
FAX: 773.832.3540
www.corusbank.com
COUNTRYWIDE COMMERCIAL
4500 Park Granada
Calabasas, CA 91302
PH: 818.225.6330
www.countrywidecommercial.com
Boyd Fellows, Managing Director; Warren DeHaan, Managing Director; Chris Tokarski, Managing
Director; Stew Ward, Managing Director
CREDIT SUISSE
Eleven Madison Ave.
New York, NY 10010-3629
PH: 212.325.2000
www.credit-suisse.com
Steve Kantor, Managing Director, Global Head of Real Estate & Leverage Finance; Rob Brennan, Managing Director, Global Head of Real Estate Finance & Securities
DEUTSCHE BANK
60 Wall St.
New York, NY 10005
PH: 888.953.3262 FAX: 212.797.4664
www.db.com/cre
Todd Sammann, Managing Director; Ken Dickey, Managing Director
DOCKERTY ROMER & CO.
70 S.E. 4th Ave.
Delray Beach, FL 33483
PH: 561.330.8000 FAX: 561.330.8001
Bob Dockerty, Principal; Craig Romer, Principal
DRAPER AND KRAMER INC.
33 W. Monroe St., Suite 1900
Chicago, IL 60603
PH: 312.580.6553 FAX: 312.346.6531
www.draperandkramer.com
Douglas Kramer, Chairman; Forrest Bailey, President/CEO; Bill Barry, SVP
DWINN-SHAFFER & CO.
30 W. Monroe St., Suite 1610
Chicago, IL 60603
PH: 312.346.9191
www.dwinn.com
Leonard E. “Bud” Wineburgh, President; Joel Levin, CFO; Lance S. Mayster, EVP
EASTERN UNION FUNDING
805 Cross St.
Lakewood, NJ 08701
PH: 800.862.8400 FAX: 732.942.5558
www.easternuc.com
Ira Zlotowitz, President; Abraham Bergman, EVP
FREMONT INVESTMENT & LOAN
2425 Olympic Blvd. 3rd Floor
Santa Monica, CA 90404
PH: 310.315.7019 FAX: 310.315.7034
www.1800fremont.com
Thomas Whitesell, SVP; Murray L. Zoota, President/CEO; Gwyneth E. Colburn, EVP
Direct Lender Volume: $800 million
Fixed: 100 percent
Avg. Loan Length: 3 years
Avg. Loan Amount: $50 million
GE REAL ESTATE
292 Long Ridge Rd.
Stamford, CT 06927
PH: 888.GE.FIRST
www.gerealestate.com
Jayne L. Day, SVP, Global Risk Management; Bob E. Pfeiffer, SVP, Global Asset Management; Michael E. Pralle, President/CEO; Stewart B. Koenigsberg, CFO
Direct Lender Volume: $4 billion
Financial Intermediary Volume: $4.4 billion
Fixed: 45 percent Floating: 55 percent
GEORGE SMITH PARTNERS INC.
1801 Century Park East
Suite 1910
Los Angeles, CA 90067
PH: 310.557.8336 FAX: 310.557.1276
www.gspartners.com
Lee Norman, SVP/Principal/Partner; David Rifkind, Director of GSP/Rifkind Capital
Advisors; Steve Bram, President/Principal/Partner; Gary M. Tenzer, Executive VP/Principal/Partner
Financial Intermediary Volume: $942 million
Regions: NE: $65.9M; SE: $65.9M; MW: $28.3M; SW: $668.7M; NW: $113M
Properties: RM: $70M; PC: $141.9M; CC: $75,9M; NC: $167M; LC: $244.5M; NL: $39M; Mixed.Use: $203.5M
Fixed: 63 percent Floating: 37 percent
Avg. Loan Length: 10.5 years
Avg. Loan Amount: $19.6 million
GOLDMAN SACHS COMMERCIAL MORTGAGE CAPITAL LP
600 East Las Colinas Boulevard, Suite 450
Irving, TX 75039
PH: 800.710.7616 FAX: 972.830.7698
www.gs.com/cmc
Mark Buono, Managing Director; Leo Huang, Managing Director; Roddy O'Neal, Co-CEO; James F. Conway, Co-CEO
Direct Lender Volume: $2.7 billion
Fixed: 88 percent Floating: 12 percent
Avg. Loan Length: 10 years
Avg. Loan Amount: $30 million
GRACE CAPITAL GROUP
62 Discovery, Suite B
Irvine, CA 92618
PH: 949.788.0999 FAX: 949.788.0568
www.gracecapital.com
Jonathan Kieswetter, President; Larry Lehr, SVP
Financial Intermediary Volume: $54.4 million
Regions: SE: $54.4M
Properties: $54.4M
Fixed: 64 percent Floating: 31 percent
Avg. Loan Length: 18 months
Avg. Loan Amount: $13.4 million
HOLLIDAY FENOGLIO FOWLER LLP
2000 Post Oak, Suite 2000
Houston, TX 77056
PH: 713.852.3500 FAX: 713.527.8725
www.hfflp.com
Mark D. Gibson, Executive Managing Director; John H. Pelusi Jr., Executive Managing Director/Managing
Member; John P. Fowler, Executive Managing Director
Financial Intermediary Volume: $4.2 billion
HYPO REAL ESTATE CAPITAL CORP.
622 Third Ave.
New York, NY 10017
PH: 212.671.6300 FAX: 212.671.6402
www.hypointernational.com
Sam Kirschner, Managing Director; Evan Derner, Deputy CEO
Direct Lender Volume: $558 million
Floating: 100 percent
Avg. Loan Length: 3 years
Avg. Loan Amount: $70 million
ICAP REALTY ADVISORS LLC
4576 Research Forest Drive
The Woodlands, TX 77381
PH: 713.888.4227
www.icaprealty.com
Paul Gandaphe, President & CEO; Dan Hickey, Chairman; Christian Mills, Senior Director; James J. Houlihan, Principal
Financial Intermediary Volume: $410.1 million
Regions: NE: $86.4M; SE: $15M; MW: $19.9M; SW: $54.3M
Avg. Loan Amount: $5.3 million
IMPERIAL CAPITAL BANK
898 Prospect St., #110
La Jolla, CA 92037
PH: 858.551.0511
www.imperialcapitalbank.com
Tim Doyle, Executive Director/CFO; Maria Kunac, Senior Managing Director/Chief Leasing Officer; George Haligowski, Chairman/President/CEO; Norval
Bruce, Vice Chairman/Chief Credit Officer
Direct Lender Volume: $206.6 million
Regions: NE: $1.4M; SE: $487,500; MW: $5.5M; SW: $13.2M
Properties: CC: 20 percent; NC: 60 percent; MU: 10 percent
Fixed: 2 percent Floating: 98 percent
Avg. Loan Length: 4 years
Avg. Loan Amount: $860,000
INLAND MORTGAGE CORP.
2901 Butterfield Road
Oak Brook, IL 60523
PH: 630.218.8000 FAX: 630.218.4961
www.inlandmtg.com
Tina Prince, VP; Peter Steier, VP; Patrick O'Meara, Assistant. VP; Raymond E. Petersen, President; Leslie Lundin, SVP, National Dir. of Originations
Direct Lender Volume: $96.9 million
Financial Intermediary Volume: $1.9 billion
Direct Lending Regions: SE: $9M; MW: $3.9M; SW: $84M
Direct Lending Properties: PC: $18.1M; CC: $69.6M; NC: $5.2M; NL: $4M
Financial Intermediary Regions: NE: $504M; SE: $316M; MW: $368M; SW: $696M
Properties: CC: $1.2B NC: $396M; NL: $283M
ISTAR FINANCIAL INC.
1114 Avenue of the Americas
New York, NY 10036
PH: 212.930.9400 FAX: 212.930.9494
www.istarfinancial.com
Jay Sugarman, Chairman/CEO; Jay Nydick, President; Roger M. Cozzi, Chief Investment Officer; Andy Backman, VP, Investor Relations
IXIS REAL ESTATE CAPITAL INC.
9 W. 57th Street, 36th Floor
New York, NY 10019
PH: 212.891.5700 FAX: 212.891.5777
www.ixisrealestatecapital.com
Scott Zucker, Managing Director & Head of Originations; Brook Payner, Group Executive
Direct Lender Volume: $1 billion
Regions: NE: $287.5M; SE: $390.4M; MW: $99.2M; SW: $284.6M
Properties: RM: $457.6M; PC: $269.7M; CC: $264.7M; OC: $13.7M; NL: $51.4 M; MU: $4.7M
Fixed: 93 percent Floating: 7 percent
Avg. Loan Length: 10 years
Avg. Loan Amount: $14.9 million
KEYBANK REAL ESTATE CAPITAL
127 Public Square
Cleveland, OH 44114
PH: 888.539.2221
www.key.com/realestatecapital
Norman Nichols, Director, Commercial Mortgage
Lending; William Schlag, Director, REC Finance; E.J. Burke, Executive VP, Group Head; John E. Case, Executive VP, National Manager
Direct Lender Volume: $2.1 billion
Regions: NE: $135.6M; SE: $180.1M; MW: $1.1B; SW: $363.6M; NW: $325.5M
Fixed: 30 percent Floating: 70 percent
Avg. Loan Length: 10 years
Avg. Loan Amount: $15.5 million
LASALLE BANK
135 S. LaSalle St.
Chicago, IL 60603
PH: 312.904.6430 FAX: 312.904.6691
www.lasallebank.com
Nate Stearns, Managing Director; Breck Hanson, EVP
LEHMAN BROTHERS
399 Park Ave.
New York, NY 10022
PH: 212.526.5191
Mark Walsh, Managing Director; Kenneth Cohen, Managing Director; Brett Ersoff, Managing Director
MARCUS & MILLICHAP CAPITAL CORP.
19800 MacArthur Blvd., Suite 150
Irvine, CA 92612
PH: 949.851.3030 FAX: 949.851.4345
www.mmCapCorp.com
Greg Miskovsky, Senior Director; Rick Hayward, Senior Director; Harvey E. Green, President; William
E. Hughes, SVP/Managing Director
Direct Lender Volume: $450 million
Financial Intermediary Volume: $1.5 billion
Regions: NE: $150M; SE: $225M; MW: $150M; SW: $600M; NW: $375M
Avg. Loan Amount: $2.7 million
MERIDIAN CAPITAL GROUP
1 Battery Park Plaza
New York, NY 10004
PH: 212.972.3600 FAX: 212.612.0100
www.meridiancapital.com
Ralph Herzka, President/CEO; Aaron Birnbaum, EVP
METROPOLITAN CAPITAL ADVISORS, LTD
18111 Preston Rd., Suite 100
Dallas, TX 75252
PH: 972.267.0600 FAX: 972.267.0606
www.metcapital.com
Scott R. Lynn, Director/Principal
Financial Intermediary Volume: $400 million
Regions: SE: $25M; MW: $30M; SW: $345M
Properties: RM: $10M; PC: $100M; CC: $100M; NC: $100M; LC: $50M; NL: $15M; MU: $25M
Fixed: 37.5 percent Floating: 62.5 percent
Avg. Loan Length: 5 years
Avg. Loan Amount: $8 million
MORGAN STANLEY
1221 Avenue of the Americas
New York, NY 10020
PH: 212.762.6601 FAX: 212.507.4139
www.morganstanley.com
James E. Flaum, Managing Director; Steven Stern, Managing Director
Direct Lender Volume: $4.2 billion
Regions: NE: $1.2B; SE: $700M; MW: $400M; SW: $1.3B; NW: $600M
Properties: RM: $2.5B; PC: $300M; CC: $600M; NC: $200M; LC: $300M; OC: $100M; NL: $100M; MU: $100M
Fixed: 83 percent Floating: 17 percent
Avg. Loan Length: 8 years
Avg. Loan Amount: $62M
MOUNTAIN FUNDING LLC
11600 N. Community House Rd., Suite 250
Charlotte, NC 28277
PH: 704.540.7400 FAX: 704.540.7403
www.mountainfunding.com
Peter Fioretti, CEO; Arthur Nevid, Managing Director
Direct Lender Volume: $14.6M
Regions: SE: $1.5M; MW: $13M
Fixed: 100 percent
Avg. Loan Length: 30 months
NATIONAL CITY
2000 Auburn Dr., Suite 400
Beachwood, OH 44122
PH: 216.488.2332 FAX: 216.488.9650
Kenneth M. Goetz, President/Senior Managing Director, Commercial Real Estate National Markets
NEWSTAR FINANCIAL
9 Old Kings Highway South, Fourth Floor
Darien, CT 06820
PH: 203.716.8400 FAX: 203.716.8449
www.newstarfin.com
Jim Korinek, Managing Director/Banker; Dan Adkinson, Group Head/Banker; Tim Conway, CEO
Direct Lender Volume: $250 million
NORTHMARQ CAPITAL INC.
3500 American Blvd. West, Suite 500
Bloomington, MN 55431
PH: 952.356.0100 FAX: 952.356.0099
www.northmarq.com
Edward Padilla, CEO; Craig Butchenhart, President; Michael J. Myers, CAO; Laurenu Stephenson, EVP
Financial Intermediary Volume: $3.3 billion
PACIFIC SECURITY CAPITAL
8905 SW Nimbus Ave., Fourth Floor
Beaverton, OR 97008
PH: 800.844.6085 FAX: 503.670.9400
www.PacificSecurityCapital.com
Michael Wenzlick, Senior Managing Director; Will Moore, Managing Director; Mark Rockwell, Executive Managing Director, CEO; Mike Myatt, Executive Managing Director, President Fixed: 70 percent Floating: 30 percent
Avg. Loan Length: 5 years
Avg. Loan Amount: $20 million
PICCONE FINANCIAL ASSOCIATES, LLC
310 Rytgers Blvd.
Berlin, NJ 08009
PH: 856.753.7038 FAX: 856.741.1745
www.picconefinancial.com
Thomas Cocco, VP; Richard Reis, VP; Thomas Cocco, VP
Financial Intermediary Volume: $35 million
Regions: NE: $35M
Properties: NL: $5.5M; MU: $29.5M
Floating: 100 percent
Avg. Loan Length: 20 years
Avg. Loan Amount: $750,000
PNC REAL ESTATE FINANCE
249 Fifth Ave., 19th Floor
Pittsburgh, PA 15222
PH: 877.762.4332 FAX: 412.705.2010
Hugh Frater, EVP
PRINCIPAL REAL ESTATE INVESTORS
801 Grand Ave.
Des Moines, IA 50392
PH: 800.533.1390 FAX: 866.850.4023
www.principalglobal.com
Pat Halter, CEO; Randall Mundt, President/Chief Investment Officer; Steven Graves, Head of Production and Asset Management; Patrick McNelis, Executive Director, Institutional Sales
PRUDENTIAL MORTGAGE CAPITAL CO.
100 Mulberry St., GC4, 8th Floor
Newark, NJ 07102
PH: 888.263.6800 FAX: 973.367.8210
www.prudential.com/mortgagecapital
David Twardock, President; David Durning, Managing Director, Originations
Q10 CAPITAL, LLC
111 East Broadway
Suite 1250
Salt Lake City, UT 84111
PH: 801.323.1088 FAX: 801.323.1089
www.q10capital.com
Paul K. Mendenhall, President and COO; James M. Murphy, Chairman;
Financial Intermediary Volume: $1.2 billion
Regions: NE: $121M; SE: $73M; MW: $374M; SW: $548M; NW: $97M
RAVENEL INVESTMENT CO.
230 Lakeview Ridge
East Roswell, GA 30076
PH: 770.992.1515 FAX: 770.587.1122
Jim Ravenel, President; Carol Sue Ravenel, VP
Financial Intermediary Volume: $17 million
Fixed: 100 percent
Avg. Loan Length: 10 years
Avg. Loan Amount: $8.5 million
RBS GREENWICH CAPITAL
600 Steamboat Rd.
Greenwich, CT 06830
PH: 203.625.2700
www.rbsgc.com
Mark Finerman, Managing Director
REMINGTON FINANCIAL GROUP INC.
1800 JFK Blvd., Suite 460
Philadelphia, PA 19103
PH: 215.717.2227 FAX: 215.717.1080
www.remingtonfg.com
Matthew McManus, President; Andy Bogdanoff, Principal
SONNENBLICK-GOLDMAN, LLC
712 Fifth Ave.
New York, NY 10019
PH: 212.841.9200 FAX: 212.262.4224
www.sonngold.com
Andrew Oliver, Managing Director and Principal; Steven Kohn, President; Andrew Oliver, Managing Director and Principal
Financial Intermediary Volume: $762 million
Regions: NE: $380M; SE: $75M; MW: $42M; SW: $210M; NW: $55M
Properties: RM: $210M; PC: $165M; CC: $65M; NC: $45M; NL: $52M; MU: $225M
Fixed: 65 percent Floating: 35 percent
Avg. Loan Length: 7 years
Avg. Loan Amount: $54M
STERLING COMMERCIAL CAPITAL
60 Katona Drive
Fairfield, CT 06825
PH: 203.366.0320 FAX: 203.366.0321
www.sterlingcommercialcapital.com
Brian Opert, President; Patricia Opert, VP
Direct Lender Volume: $100M
Regions: NE: 25 percent; SE: 25 percent; MW: 25 percent; SW: 25 percent
Properties: RM: 25 percent; OC: 25 percent; NL: 25 percent; MU: 25 percent
SUBURBAN CAPITAL MORTGAGE, INC.
11 North Washington Street, Suite 230
Rockville, MD 20850
PH: 301.340.2266 FAX: 301.340.9242
www.suburbancapital.com
Carole Lewis Anderson, EVP; Richard A. LaVay, Chief Production Officer; C. Patrick Nolan, CEO; Carole Lewis Anderson, EVP
Fixed: 100 percent
Avg. Loan Length: 10 years
Avg. Loan Amount: $30M
TIAA-CREF
730 Third Ave.
New York, NY 10017
PH: 212.490.9000
Herbert M. Allison, Jr., Chairman, President, CEO; Scott Evans, EVP, Chief Investment Officer; David G. Brown, Mortgage Lending
TREMONT REALTY CAPITAL
800 Boylston St., Suite 401
Boston, MA 02199
PH: 617.867.0700 FAX: 617.867.0077
www.tremontcapital.com
Richard Gallitto, Executive Director; Daniel Mee, Executive Director; David Ross, Managing Director
UBS
1251 Avenue of the Americas
New York, NY 10020
PH: 212.882.3000
www.ubs.com
Peter Smith, Managing Director; Ron Garner, Managing Director; Ahmed Alali, Managing Director
Direct Lending Total: $1.5B
THE UNION LABOR LIFE INSURANCE CO. ULLICO
1625 I St.
Washington, DC 20006
PH: 202.682.7923 FAX: 202.682.6940
www.ullico.com
Terence O'Sullivan, Chairman; Edward Grebow, President; Herbert A. Kolben, SVP; Pam Greenwalt, VP
WACHOVIA
301 S. College St.
Charlotte, NC 28202
PH: 704.383.6315 FAX: 704.374.6345
www.wachovia.com
William Green, Head of Real Estate Capital Markets; Brett Smith, Managing Director; G. Kennedy Thompson, Chairman and CEO; Tom Wurtz, CFO
Direct Lender Volume: $2.8 billion
Financial Intermediary Volume: $2.3 billion
WASHINGTON MUTUAL
1201 Third Ave.
Seattle, WA 98101
PH: 206.377.1049
www.wamu.com
Kerry Killinger, Chairman/CEO; Steve Rotella, President; Al Brooks, President, Commercial Group; Dianne Larsen, EVP, Commercial Group Marketing
WELLS FARGO
420 Montgomery Street
San Francisco, CA 09414
www.wellsfargo.com/realestate
Dick Koracevich, Chairman & CEO; Ed Blakey, Head of Commercial Mortgage
Direct Lending Volume: $6.7 billion
Financial Intermediary Volume: $214 million
WRIGHTWOOD CAPITAL
Two North LaSalle, Suite 800
Chicago, IL 60602
PH: 312.324.5900 FAX: 312.324.5901
www.wrightwoodcapital.com
Tom Jaekel, Chief Investment Officer; Terry Moore, Chief Financial Officer; Bruce R. Cohen, CEO; Mary Briggs, Chief Credit Officer
Direct Lender Volume: $800 million
Regions: SE: $7.7M; MW: $25.2M; SW: $30.3M; NW: $22.8M
KEY: Community Centers - CC
Lifestyle Centers - LC
Mixed-Use - MU
Neighborhood Centers - NC
Outlet Centers - OC
Power Centers - PC
Regional Malls - RM
Single-Tenant Net Lease - NL
| TOP 15 DIRECT LENDERS ON RETAIL | |
|---|---|
| Wells Fargo | $6,749,000,000 |
| CIBC World Markets Corp. | $5,000,000,000 |
| Morgan Stanley | $4,200,000,000 |
| GE Real Estate. | $4,056,925,092 |
| Bridger Commercial Funding | $3,375,119,977 |
| Wachovia | $2,805,000,000 |
| Goldman Sachs | $2,700,000,000 |
| Capmark Financial Group Inc. (formerly GMAC Commercial Holding Corp.) | $2,400,000,000 |
| KeyBank Real Estate Capital | $2,145,200,000 |
| UBS | $1,500,000,000 |
| IXIS Real Estate Capital Inc. | $1,061,700,000 |
| Fremont Investment & Loan | $800,000,000 |
| Wrightwood Capital | $800,000,000 |
| Hypo Real Estate Capital Corp. | $558,000,000 |
| Marcus & Millichap Capital Corp. | $450,000,000 |
| TOP 15 FINANCIAL INTERMEDIARIES ON RETAIL | |
| GE Real Estate | $4,434,820,699 |
| HFF (Holliday Fenoglio Fowler LLP) | $4,200,000,000 |
| CBRE/Melody | $4,000,000,000 |
| NorthMarq Capital Inc | $3,265,007,572 |
| Wachovia | $2,254,427,000 |
| Inland Mortgage Corp. | $1,883,995,883 |
| Capmark Financial Group Inc. (formerly GMAC Commercial Holding Corp.) | $1,500,000,000 |
| Marcus & Millichap Capital Corp. | $1,500,000,000 |
| Q10 Capital LLC | $1,213,000,000 |
| George Smith Partners Inc. | $941,830,400 |
| Sonnenblick-Goldman LLC | $762,000,000 |
| iCap Realty Advisors LLC | $410,142,273 |
| Metropolitan Capital Advisors Ltd. | $400,000,000 |
| Arko Investments | $300,000,000 |
| Buchanan Street Partners | $250,000,000 |