NEW YORK, New York– August 26, 2024 – Berkadia, a leader in the commercial real estate industry, announced today that the company was recognized by the Mortgage Banking Association (MBA) as the largest 2023 multifamily lender by dollar volume. In 2023, Berkadia closed 790 multifamily loans for a total of $13.9 billion and an average loan size of $17.6 million.
NEW YORK, New York– August 26, 2024 – Berkadia, a leader in the commercial real estate industry, announced today that the company was recognized by the Mortgage Banking Association (MBA) as the largest 2023 multifamily lender by dollar volume. In 2023, Berkadia closed 790 multifamily loans for a total of $13.9 billion and an average loan size of $17.6 million.
According to MBA’s annual multifamily lending report published on August 15, 2024, more than 2,500 different multifamily lenders provided $246.2 billion in financing for multifamily buildings with five or more units in 2023. The average lender made 15 multifamily loans over the course of the year. Berkadia surpassed the second-ranked lender by 184 multifamily loans and $1.1 billion. Berkadia improved its ranking from fourth place in 2022.
“We are incredibly honored to be recognized by the Mortgage Banking Association as the largest multifamily lender by dollar volume in 2023,” said Hilary Provinse , Executive Vice President – Production and Capital Markets. “This achievement reflects our dedication and expertise in commercial real estate mortgage banking and underscores our commitment to delivering exceptional service to our clients. I want to express my gratitude to our mortgage bankers across the country for their hard work serving our clients as well as our 188 lending partners with whom we executed transactions in 2023. Berkadia is excited to build on our success in the multifamily market as we deliver value to our clients in 2024 and beyond.”
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