Merchants Capital Named #4 Multifamily Affordable Lender Nationwide by Mortgage Bankers Association

Rhea-AI Summary

Merchants Capital has achieved significant recognition in the Mortgage Bankers Association's 2020 Commercial/Multifamily Originator Listing, ranking #4 in multifamily affordable lending nationally with $2.2 billion in closed loans across 188 transactions. The Indianapolis office ranked #1, closing $3.2 billion in 287 transactions. Merchants Capital financed $4.8 billion in total in 2020, with nearly half targeting affordable housing. The company experienced a substantial 106% increase in production year-over-year, indicating strong growth momentum.

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• Ranked #4 in multifamily affordable lending nationally with $2.2 billion closed loans.
• Indianapolis office ranked #1, closing $3.2 billion across 287 transactions.
• $4.8 billion financed in 2020, with approximately half for affordable housing.
• 106% year-over-year increase in total production.

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• None.

CARMEL, Ind., May 11, 2021 /PRNewswire/ -- (Nasdaq: MBIN) Mortgage banking company Merchants Capital today announces that it has earned two high-ranking positions on the prestigious Mortgage Bankers Association (MBA) 2020 Commercial/Multifamily Originator Listing.

Merchants Capital placed #4 in multifamily affordable lending nationally for 2020. In total, the company closed $2.2 billion in affordable loans across 188 transactions, with an average transaction size of $11.8 million.

Merchants Capital also ranked #1 for the originating office location of Indianapolis, where it is headquartered. Out of this office, it closed $3.2 billion across 287 transactions in 2020, with an average loan size of $11.3 million. Merchants Capital Indianapolis is one of Merchants' four production hubs nationwide, in addition to Chicago, Saint Paul and New York.

Across locations, Merchants Capital provided an estimated $4.8 billion in financing in 2020, approximately half of which was dedicated to supporting affordable housing preservation and development across the country. That achievement marked a historic company milestone, as Merchants Capital's total year-over-year production saw an increase of 106%.

In New York specifically, approximately $1.2 billion in debt financing was originated in 2020 for affordable housing preservation and development within the region, ranking Merchants as a top multifamily affordable housing financier in the area. The milestone reflected Merchants Capital New York's steep growth trajectory due to its ever expanding and diverse base of offerings, including on-book, Freddie Mac, Fannie Mae and FHA loan products.

"We are incredibly proud to be named to this leading industry list. Achievements like this would not be possible without the support of our clients and our team members every day," said Mathew Wambua, Merchants Capital Vice Chair & Head of Agency Lending. "The national rankings reinforce our strategic decision to support much-needed public benefit projects as one of the top full-service financing providers for affordable housing in the U.S., and we look forward to seeing what we can accomplish in the future."

The report is the only one of its kind to present a comprehensive set of listings of 141 different commercial/multifamily mortgage originators, their 2020 volumes, and the different roles they play. The report presents origination volumes in more than 140 categories, including by role, investor group, property type, financing structure type and the location of the originating office. It is available for purchase through MBA's Online Store.

To learn more about Merchants Capital and its services, visit www.merchantscapital.com or find Merchants Capital on Facebook, Twitter and LinkedIn and Instagram.

ABOUT MERCHANTS BANCORP
Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operating multiple lines of business, including Federal Housing Administration ("FHA") multi-family housing and healthcare facility financing and servicing; mortgage warehouse financing; retail and correspondent residential mortgage banking; agricultural lending; and traditional community banking.  Merchants Bancorp, with $9.7 billion in assets and $8.1 billion in deposits as of March 31, 2021, conducts its business primarily through its direct and indirect subsidiaries, Merchants Bank of Indiana, Merchants Capital Corp., Farmers-Merchants Bank of Illinois, Merchants Capital Servicing, LLC, and Merchants Mortgage, a division of Merchants Bank of Indiana. For more information and financial data, please visit Merchants' Investor Relations page at investors.merchantsbancorp.com.

ABOUT MERCHANTS CAPITAL
Established in 1990, Merchants Capital is one of the nation's top lenders for the refinance, acquisition, new construction and substantial rehabilitation of multifamily, affordable, senior and student housing. Whether you are considering Freddie Mac, Fannie Mae, HUD/FHA insured or balance sheet financing, let our personalized services help you meet your financing objectives. Experience the creativity of a small lender, with all the capabilities of a large institution. To learn more about Merchants Capital, visit www.merchantscapital.com.

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SOURCE Merchants Bancorp

FAQ

What ranking did Merchants Capital achieve in the MBA 2020 Commercial/Multifamily Originator Listing?

Merchants Capital ranked #4 in multifamily affordable lending nationally.

How much financing did Merchants Capital provide in 2020?

Merchants Capital financed $4.8 billion in 2020.

What was the year-over-year production increase for Merchants Capital?

Merchants Capital experienced a 106% increase in production year-over-year.

How much did the Indianapolis office of Merchants Capital close in 2020?

The Indianapolis office closed $3.2 billion across 287 transactions.

What percentage of Merchants Capital's financing in 2020 supported affordable housing?

Approximately half of the financing in 2020 was dedicated to affordable housing.