The HUD LEAN rankings for HUD’s fiscal year 2024 ended September 30 are out, and the program saw 220 loans close, totaling nearly $3.2 billion for a nearly 10% increase over FY2023’s total volume. Closings only accelerated in the second half of HUD’s fiscal year, and the next 12 months could see another increase in activity. Topping the charts, both in terms of deals and dollar volume, was Greystone, with 52 deals and $708.3 million of volume. Greystone led the way in FY2023, too, with 39 deals and nearly $700 million of volume, and in FY2022 with 35 deals.
VIUM Capital ranked in the second spot in both categories, with 34 deals and $344.8 million of volume. This is a return to the second position, after placing second in FY2022. Also, VIUM closed over 50% of its FY2024 HUD 232 volume in the last quarter of HUD’s fiscal year, so it finished strong.
Newpoint Real Estate Capital, which was ranked second last year, came in third place in terms of dollar volume, with an impressive $341.4 million across 11 deals. Those 11 deals rank ninth among the firms. Coming in third place, for deals, was Walker & Dunlop with 18 deals (and $186.1 million of volume). They were followed by Dwight Capital with 16 deals (and $243.4 million of volume) and three firms each with 15 deals: KeyBank (with $306.9 million), Berkadia Commercial Mortgage (with $192.8 million) and Capital Funding ($170.7 million). Regions Bank closed an impressive 13 deals with $126.97 million of volume, while M&T Realty Corp. across just three deals reached $129.3 million of volume.
