""Wells Fargo"":https://www.wellsfargo.com/ has another jewel to add to its crown: The ""Mortgage Bankers Association"":http://www.mbaa.org/default.htm (MBA) ranked the bank as the top commercial/multifamily mortgage originator for 2012.[IMAGE]
For its report, MBA studied the origination volumes and roles of 111 different commercial/multifamily mortgage originators and categorized the findings in more than 140 categories, including by role, by investor group, by property type, by financing structure type, and by the location of the originating office.
Wells Fargo, 2012's top overall originator with estimated annual volume of $524 billion, took the top spot for commercial/multifamily lenders.
Other top originators include ""Bank of America Merrill Lynch"":http://corp.bankofamerica.com/, ""PNC Real Estate"":https://www.pnc.com/webapp/unsec/RealEstateFinanceHP.do?siteArea=/PNC/Home/Corporate+and+Institutional/PNC+Real+Estate/Commercial+Real+Estate+Home&WT.mc_id=REFIM2009_Offline_0007, ""Prudential Mortgage Capital Company"":http://www.prumortgagecapital.com/businesscenter/realestate/pmcc/home/welcome.shtml, and ""KeyBank Real Estate Capital"":https://www.key.com/corporate/financing/commercial-real-estate-loan-investment.jsp.
Wells Fargo also ranked as the top originator for commercial mortgage-backed securities (CMBS) and for investment portfolios. In addition, Wells was one of the top originators of loans for Fannie Mae; Freddie Mac ""announced in February"":https://themreport.com/articles/freddie-mac-names-top-multifamily-lenders-of-2012-2013-02-05 that Wells Fargo Multifamily Capital was its third biggest multifamily seller (tied with ""Holliday Fenoglio Fowler"":http://www.hfflp.com/).
Among other categories: BofA Merrill Lynch was the top originator for commercial bank loans, while ""Red Mortgage Capital, LLC"":http://www.redcapitalgroup.com/ was No. 1 for loans guaranteed by Ginnie Mae or the Federal Housing Administration. ""Cohen Financial"":http://cohenfinancial.com/ was the top originator for specialty finance.
Commercial/multifamily origination volume grew 24 percent in 2012, MBA reported in February. The group forecasts $254 billion in originations for 2013, an 11 percent growth over last year.