2025 Top Commercial Mortgage Banking and Brokerage Firms
You can also read our other Mortgage Banking Firms rankings.
Includes all originations, both as an intermediary and a direct lender, between 10/01/2023 and 09/30/2024.
Financing Types: D=Debt, E=Equity, H=Hybrid, X=Other
Property Sectors: O=Office, I=Industrial, R=Retail, M=Multifamily, Ho=Hospitality, He=Health care, X = Other
Though we make every effort to include all major commercial lenders, several notable firms (among them JLL, Bank of America, KeyBank and ACORE Capital) did not participate this year.
To be included in upcoming rankings, email Agota Felhazi at agota.felhazi@cpe-mhn.com.
Debt Leaders Weather Challenging Conditions
Overall loan originations increased 44 percent compared to the second quarter and were up 59 percent year-over-year, according to a recent report by the Mortgage Bankers Association.
After a sluggish start, borrowing and lending activity gained speed moving into the second half of the year. In the third quarter of 2024, overall loan originations increased 44 percent compared to the second quarter and were up 59 percent year-over-year, according to a recent report by the Mortgage Bankers Association. Of course, lending volume varied by property type. Loans for health-care properties increased a whopping 510 percent, hospitality assets 99 percent, retail properties 82 percent, industrial assets 57 percent and multifamily properties 56 percent. Originations for the office sector, on the other hand, contracted 3 percent.
Meanwhile, more than half of the companies on CPE’s 2025 Top Commercial Mortgage Banking and Brokerage Firms ranking recorded negative growth in loan originations compared to the previous year, with an average drop of 11 percent. However, the other firms on the list saw growth averaging 25.7 percent. HREC Investment Advisors, which focuses solely on hospitality lending, reported the largest gains with originations up 85.6 percent.
Newmark secured the No. 1 position this year due to a combination of factors. The firm provided loans totaling more than $48.4 billion during the 12 months ending in September 2024.
Newmark also increased its originations volume by an impressive 79.6 percent year-over-year amid a turbulent year. CBRE, in second place, and Walker & Dunlop, in third place, provided a total of
$61.4 billion in loans as a direct lender as well as an intermediary.
—Agota Felhazi, Senior Associate Editor, Yardi Matrix
Methodology
The 2025 CPE Top 20 Commercial Mortgage Banking and Brokerage Firms ranking utilized self-reported data for all companies. Our ranking is calculated using a weighted formula based on a variety of factors, including total origination volume, coverage offered, growth in transaction volume and loan positioning, among others. The ranking represents what we feel is a logical balance between firm growth and market share, as well as sector diversity or specialization. Ranking factors are not limited to the data on this page.
Read the February 2025 issue of CPE.
The post 2025 Top Commercial Mortgage Banking and Brokerage Firms appeared first on Commercial Property Executive.
