NYC Commercial Mortgage Companies | Meridian capital

This month, The real deal ranked among the top 15 commercial real estate debt brokerage firms as rivalries between giant brokerages and booming companies continue to escalate.

Meridian, the Manhattan-based debt brokerage and investment sales firm co-founded by Ralph Herzka in 1991, led the pack, fueled by a booming multifamily mortgage business. The firm negotiated $15.23 billion on 1,657 loans last year, according to TRDthe analysis of. That’s up from $8.9 billion traded in 2015, when we last ranked the city’s top debt stores.

“Meridian continued to see strength in our domestic and New York debt businesses in 2017,” said Herzka, the company’s chief executive officer. “We have seen strength across a wide range of loan sizes and asset types and have even seen a significant increase in our construction lending activity, which is truly a testament to the strength of the New York market. “

Eastdil Secured took second place this time around with $5.8 billion from 15 loans, up from $12.96 billion in 2015, and Newmark Knight Frank came in third with $3.46 billion from 40 loans – a huge leap from two years ago, when the global trading market brokerage did not TRDclassification. CBRE, which saw its total dollar volume swell nearly 900%, and Cushman & Wakefield, which doubled its volume, rounded out the top five with $3.36 billion across 12 loans and $3.09 billion out of 14 loans, respectively.

CBRE hired two Deutsche Bank mortgage executives, Tom Traynor and James Millon, in mid-2016 to run its debt advisory business. And Newmark, which went public in December, poached JLL star broker Dustin Stolly last summer – a clear indication that the company is serious about expanding its debt business. JLL took eighth place in our rankings with $1.72 billion across 12 loans.

Add a group of smaller new entrants to the mix and it’s clear why the industry bemoans a crowded playing field.

“Borrowers have a lot of choice and they have the ability to negotiate more than before,” said Richard Horowitz of Cooper-Horowitz, who came in seventh place with $2.08 billion from 18 loans.

Representatives for Eastdil and JLL declined to comment for this story.

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