Fannie Mae and Freddie Mac came out with their 2018 multifamily loan production rankings, showing more than $143 billion in volume was closed across the two agencies. Compared with last year, that resulted in a 3% decrease for Fannie Mae but a 7% increase for Freddie Mac. That’s a lot of capital injected into multifamily assets. Wells Fargo Multifamily Capital placed first for the Fannie Mae list with $8.1 billion in closings, followed by Walker & Dunlop ($6.9 billion) and Berkadia Commercial Mortgage ($6.6 billion). On the Freddie Mac rankings, CBRE came out on top with $13.7 billion in loans closed, with Berkadia ($9.9 billion) and HFF ($7.2 billion) taking second and third.
Meanwhile, for strictly seniors housing transactions, KeyBank beat out the competition for Freddie Mac loans (which totaled $4.1 billion), followed by Wells Fargo and Berkadia. On the Fannie Mae side, which topped $2.3 billion in total closings, Berkadia had the highest volume, with Grandbridge Real Estate Capital and Capital One coming in just behind.