Top Mortgage Brokers NYC _ Eastdil Secured _ Meridian sunbelt business brokers reviews

Eastdil secured took the top spot in TRD’s ranking, brokering commercial loans on 29 deals valued at just under $13 billion. Meridian capital group, meanwhile, racked up 67 deals valued at just under $9 billion.

Together the two companies arranged a staggering 65 percent of the roughly $34 billion in secured loans of $50 million or more that closed in new york city in 2015 — and which had a broker advising on the deal. While there are no official numbers available, brokers pegged financing of all NYC deals (including those that didn’t involve a broker) at about $120 billion in 2015.

While the world of mortgage brokering does operate quietly, there is, of course, big money on the line. And last year all firms that made the ranking benefited from a record year for investment sales in 2015.Sunbelt business brokers reviews

that’s because where there are building sales there is financing.

“we anticipate that 2016 will be characterized by relatively modest growth and possibly some measure of increased caution on the part of investors and lenders,” meridian’s CEO ralph herzka said in an email.

“it’s going to be worse this year,” said verrone, who during the early aughts earned the nickname “large loan” verrone. His firm’s largest deal was a $350 million loan taken by owners SL green realty and moinian group at 3 columbus circle.

This year’s ranking — which involved scouring city property filings for recorded loans and then matching them with firms through news articles, industry sources and the brokerage firms themselves — reveals not only the powerful position eastdil and meridian have in the market, but also the opportunity for other firms to expand.Sunbelt business brokers reviews

In manhattan alone, TRD reviewed more than 350 loans of $50 million or more totaling more than $65 billion. Of those, TRD was able to identify brokers on 94 of those deals. That leaves more than two-thirds of the deals either un-brokered or brokered by under-the-radar agents.

While some say those un-brokered deals show that borrowers are well equipped to negotiate for themselves, those in the business of brokering financing say it’s an opportunity. “that’s because investors who are sourcing deals and managing assets do not have the time or wherewithal to scrutinize the debt markets on a real time basis,” herzka said.

“most of the groups we represent are getting hammered by other brokers and lenders directly and constantly,” said scott singer, a principal with the brokerage firm singer & bassuk organization, which did not appear on the ranking this year.Sunbelt business brokers reviews TRD was not able to identify deals totaling more than $100 million — the cutoff for the ranking — for the firm and singer would not disclose any deals it arranged.

The firm does, however, often work with multigenerational owners such as rockrose development and jack resnick & sons. Earlier this year, singer secured an agreement to be the real estate advisers for resnick’s entire portfolio, which is valued at billions of dollars. It’s likely that the firm would also act as its mortgage broker as part of that deal, but singer declined to elaborate on the details of the arrangement.

Not only did the firm broker the sale of the 11,200-unit stuyvesant town and peter cooper village to blackstone group and ivanhoe cambridge in december, it also brokered the $2.7 billion loan they used to buy it.Sunbelt business brokers reviews and the debt was supplied by its parent company wells fargo.

Still, according to public records, eastdil has tapped a wide array of lenders other than wells fargo on its deals, including insurance companies such as new york life and private equity firms like TPG capital.

But the firm also did several large multifamily portfolio loans, including a $592 million loan for blackstone, which was used to buy a large group of apartment buildings formerly known as the caiola portfolio. That loan was issued by annaly capital management.

The firm’s largest deal last year was the $121 million refinancing of several stellar management apartment buildings. RM capital — headed by marc sznajderman and romano tio — placed one large loan last year totaling $115 million from deutsche bank for savanna and the silvermintz family’s commercial development project at 540 west 26th street in chelsea.Sunbelt business brokers reviews

While more deals do equal more financings, there may be a silver lining for these high-value commercial mortgage brokerages if the market continues to soften a bit — at least that’s the sales pitch that mortgage brokers make.

They argue that in rockier markets mortgage brokers can add value. If, for example, a developer is working with a bank on its own, and that bank decides to stop issuing construction loans, a mortgage broker will be in better position to tap into the market to find other lenders.