Top 25 Direct Commercial Real Estate Lenders for 2009

TOP 25 DIRECT LENDERS
NREI Online

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