The following rankings were originally published in May. The rankings are based on responses to NREI's 18th annual Top Lender Survey questionnaire, and reflect total dollars financed or arranged in commercial real estate during the 2008 calendar year. Listings are presented in two parts. The first listing includes firms financing direct loans, credit lines, CMBS lending and other forms of direct investment to the industry. The second listing ranks financial intermediaries, including mortgage brokers and financial firms that arranged or facilitated transactions during 2007.
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.
While NREI made every attempt to ensure the final survey was comprehensive, some companies chose not to participate.
1. Bank of America
Financed in 2008: $129.2 billion
Charlotte, NC 28255
Website: www.bankofamerica.com/commercialre
2. Wells Fargo
Financed in 2008: $31.4 billion
San Francisco, CA 94104
Website: www.wellsfargo.com/realestate
3. Wachovia
Financed in 2008: $13.4 billion
Charlotte, NC 28202
Website: www.wachovia.com
4. Deutsche Bank Commercial Real Estate
Financed in 2008: $11.3 billion
New York, NY 10005
Website: www.db.com/cre
5. PNC
Financed in 2008: $11 billion
Pittsburgh, PA 15222-2707
Website: www.pnc.com/realestate
6. Capmark Financial Group Inc.
Financed in 2008: $7.8 billion
Horsham, PA 19044
Website: www.capmark.com
7. KeyBank Real Estate Capital
Financed in 2008: $7.7 billion
Cleveland, OH 04114
Website: www.key.com/realestatecapital
8. Prudential Mortgage Capital Co.
Financed in 2008: $7.6 billion
Newark, NJ 07102
Website: www.prumortgagecapital.com
9. Natixis Real Estate Capital Inc.
Financed in 2008: $5.1 billion
New York, NY 10019
Website: www.re.natixis.com
10. CBRE Capital Markets
Financed in 2008: $3.1 billion
Houston, TX 77056
Website: www.cbre.com/capitalmarkets
11. Goldman, Sachs & Co.
Financed in 2008: $2.5 billion
New York, N.Y. 10004
Website: www.gs.com
12. TIAA-CREF
Financed in 2008: $2.4 billion
New York, NY 11762
Website: www.tiaa-cref.org
13. Northwestern Mutual
Financed in 2008: $2.1 billion
Milwaukee, WI 53202
Website: www.northwesternmutualrealestate.com
14. Grandbridge Real Estate Capital LLC
Financed in 2008: $2 billion
Charlotte, NC 28202
Website: www.gbrecap.com
15. Principal Real Estate Investors
Financed in 2008: $1.9 billion
Des Moines, Iowa 50392-0490
Website: www.principalglobal.com
16. M&T Realty Capital Corp.
Financed in 2008: $1.4 billion
Baltimore, MD 21201
Website: www.mandtrealtycapital.com
17. GE Healthcare Financial Services
Financed in 2008: $1.24 billion
Bethesda, Maryland 20814
Website: www.gehealthcarefinance.com
18. Walker & Dunlop
Financed in 2008: $1.22 billion
Bethesda, MD 20814
Website: www.walkerdunlop.com
19. The Royal Bank of Scotland (tie)
Financed in 2008: $1.2 billion
Stamford, CT 06901
Website: www.rbs.com
19. Corus Bank, N.A. (tie)
Financed in 2008: $1.2 billion
Chicago, IL 60613
Website: www.corusbank.com
21. Zions Bank National Real Estate
Financed in 2008: $900 million
Salt Lake City, UT 84111
Website: www.zionsbank.com
22. Hudson Realty Capital LLC
Financed in 2008: $836 million
New York, NY 10003
Website: www.hudsoncap.com
23. The Community Preservation Corp.
Financed in 2008: $606 million
New York, NY 10016
Website: www.communityp.com
24. Alliant Capital LLC
Financed in 2008: $433 million
Seattle, WA 98105
Website: www.alliantcapitalllc.com
25. Wrightwood Capital
Financed in 2008: $430 million
Chicago, IL 60602
Website: www.wrightwoodcapital.com