Freddie Mac Announces 2013 Top Multifamily Lenders

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Freddie Mac has announced the five multifamily mortgage sellers who transacted the highest volume in 2013. Through these and other lenders, Freddie Mac settled approximately $26 billion in new multifamily volume last year, with a total of 388,000 rental units, according to a statement.

The top lender was CBRE Capital Markets with $5.7 billion, followed by Berkadia Commercial Mortgage ($3.7 billion), Walker & Dunlop ($2.0 billion), KeyBank ($1.5 billion), and NorthMarq ($1.4 billion).

"These lenders are one of the reasons we had a great year in loan purchases," John Cannon, senior vice president of Freddie Mac Multifamily Production, Sales and Marketing, said in the report.

Approximately 90 percent of the apartment units financed have rents that are affordable to residents earning less than the area median income, Freddie Mac states. About one in six units are affordable to residents with very low income.

A report last December from the Mortgage Bankers Association showed commercial and multifamily debt increased the most since 2008 during the third quarter.

More from the report:
      
Top Program Plus® Sellers by Freddie Mac Multifamily Region

Southeast Region: Jones Lang LaSalle, Atlanta, Ga.
Central Region: CBRE Capital Markets, Dallas, Texas
Western Region: CBRE Captial Markets, Newport Beach, Calif.
Northeast Region: Berkadia Commercial Mortgage, Horsham, Pa.
 
Top Targeted Affordable Housing Sellers

1. Citibank
2. Oak Grove Capital
3. Wells Fargo Multifamily Capital

Top Sellers of Very Low-Income Housing Units

1. Citibank
2. Berkadia Commercial Mortgage
3. CBRE Capital Markets

Top Conventional Structured Transactions Sellers

1. Berkadia Commercial Mortgage
2. Holliday Fenoglio Fowler

Top Seniors Housing Sellers

1. Berkadia Commercial Mortgage
2. KeyBank