Wells Fargo Leads Pack in Commercial Real Estate Loans

Wells Fargo Bank was the biggest commercial real estate/multifamily property loan originator in the Denver-Aurora area in 2009, according to a Mortgage Bankers Association (MBA) survey. The MBA is a Washington, D.C.-based national association representing the real estate finance industry. San Francisco-based Wells Fargo & Co.’s Denver-Aurora offices made 489 loans--$1.4 million each on average--worth a total of $692 million last year. Wells Fargo was also the biggest CRE/multifamily lender nationwide, after originating a total of 7,705 loans worth an aggregate $27 billion in 2009, the MBA survey shows.

Other top Denver-Aurora-area lenders were Northmarq Capital LLC, CBRE Capital Markets Inc., Johnson Capital, and Prudential Mortgage Capital Co. Capmark Financial Group Inc. ranked second in the survey, with 21 loans worth $333 million in 2009.