Leading financial services provider Merchants Capital announced Friday the company has earned a top-ranking position on the prestigious Mortgage Bankers Association (MBA) Commercial/Multifamily Originators listing, ranking in as the No. 3 affordable multifamily lender nationwide in 2021 – up from No. 4 last year.
In total, Merchants Capital closed $3.7 billion in multifamily and affordable loans across 300 transactions, with an average transaction size of $12.3 million.
This ranking follows suit with a historic year for the company, closing nearly $7 billion in debt financing across its six regional offices in 2021 and shattering the firm’s previous record of $4.7 billion set in 2020. Merchants’ affordable housing debt production comprised $3.7 billion of the total $7 billion, representing a 50 percent increase year over year.
“It is humbling to be listed among these other great lenders, and all the credit goes to the team at Merchants. Since the beginning of the pandemic, quality and safe affordable housing has been even more critical, and I am very proud of our team’s dedication to the space,” said Mike Dury, President and CEO at Merchants Capital. “Our ability to partner on both the debt and equity allows us to continue to execute at a high level across the country.”