January 18, 2019
Freddie Mac Multifamily leads the industry with $78 billion in total production last year, financing roughly 860,000 rental units, and establishing a new high water mark. The previous record was set in 2017, when $73.2 billion in multifamily loans were issued.
Freddie Mac Multifamily’s John Cannon says, “Freddie Mac Multifamily’s mission of making rental housing more accessible and affordable would not be possible without the best network of lenders in the mortgage banking industry. Our lenders are working every day to meet the challenges of the market, and together we are achieving great things for borrowers. We congratulate all of our multifamily lenders and look forward to our continued collaboration in 2019.”
The McLean, VA-based agency notes more than 90% of eligible units were affordable to low- and moderate-income households earning up to 120% of area median income.
Topping the list of Freddie Mac Multifamily lenders by volume in 2018 was Los Angeles-based CBRE at $13.69 billion. The top 10 list also included:
- Berkadia ($9.86B),
- HFF ($7.20B),
- Walker & Dunlop ($7.11B),
- KeyBank ($6.01B),
- Wells Fargo ($4.86B)
- NKF ($3.66B),
- Capital One ($3.55B),
- JLL ($2.61B) and
- Greystone ($2.61B).
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