SOURCE: Freddie Mac

Freddie Mac

February 02, 2016 15:10 ET

Freddie Mac Names Top Multifamily Lenders of 2015

ORLANDO, FL--(Marketwired - Feb 2, 2016) - At the MBA Commercial Real Estate Finance Conference today, Freddie Mac (OTCQB: FMCC) announced the lenders who transacted the most multifamily financing volume with the company in 2015. Through these and other lenders, Freddie Mac settled $47.3 billion in new multifamily volume last year, comprising 650,000 rental units. 

"We have a tremendous partnership with our lender partners who work tirelessly every day to provide apartment financing," said John Cannon, senior vice president of Freddie Mac Multifamily Production and Sales. "Support for this market is more important than ever, especially with the increased need for properties with affordable rents which is largely what we fund. We are fortunate to work with the best team of originators, underwriters, asset managers and closing counsels in the business."

Top Sellers   Volume
1. CBRE Capital Markets   $6.96 Billion
2. Berkadia Commercial Mortgage   $6.35 Billion
3. Holliday Fenoglio Fowler   $5.15 Billion
4. Walker & Dunlop   $5.11 Billion
5. Wells Fargo Multifamily Capital   $3.53 Billion
     

Top Program Plus® Sellers by Freddie Mac Multifamily Region
1. Southeast Region: Walker & Dunlop, Seniors, Bethesda, Md.
2. Central Region: CBRE Capital Markets, Dallas
3. Western Region: Berkadia Commercial Mortgage, Los Angeles
4. Northeast Region: Wells Fargo Multifamily Capital, New York 

Top Targeted Affordable Housing Seller: Wells Fargo Multifamily Capital 
Top Conventional Structured Transactions Seller: Holliday Fenoglio Fowler 
Top Seniors Housing Seller: Walker & Dunlop
Top Manufactured Housing Community Seller: Wells Fargo Multifamily Capital
Top Small Balance Loans Seller: Arbor Commercial Mortgage

Since the launch of Freddie Mac's multifamily business in 1993, it has provided more than $393 billion in financing for more than 66,000 multifamily properties.

Freddie Mac Multifamily helps ensure an ample supply of affordable rental housing by purchasing and securitizing mortgages on apartment buildings nationwide. The loans range from $1 million to several billions and roughly 90 percent support rental units for low- and moderate-income households. Freddie Mac securitizes about 90 percent of the multifamily loans it purchases, thus transferring the vast majority of the expected credit risk from taxpayers to private investors.

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is the largest source of financing for multifamily housing. Additional information is available at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.