Deutsche Bank was the top dog among NYC lenders in Q2

German lender tops ranking while Signature Bank tumbles: CrediFi

TRD New York /
Sep.September 19, 2017 09:30 AM

Deutsche Bank’s Matt Borstein and the GM Building

Nine months after agreeing to a $7.2 billion settlement with U.S. regulators, Deutsche Bank is on top of the New York City real estate lending world.

The German institution topped CrediFi’s ranking of the most active lenders in the second quarter with $1.5 billion to $2 billion in loan originations ahead of Wells Fargo and Morgan Stanley. It ranked fourth in the first quarter.

Two big-ticket loans helped Deutsche Bank over the top: the $2.3 billion refinancing of Boston Properties’ GM Building and the $1.75 billion mortgage to fund HNA Group’s acquisition of 245 Park Avenue.

Last year’s fine over the Deutsche’s role in the subprime mortgage crisis had some observers worry what would happen if it retreated from the market, but the bank dismissed the concerns.

“Commercial real estate has always been an important part of [Deutsche Bank’s] DNA going all the way back to its Bankers Trust days, and will continue to be so in the future,” Matt Borstein, the bank’s global head of CRE, told The Real Deal at the time.

While big banks expanded their market share, smaller multifamily lenders continued to fall in the rankings. Signature Bank, the top lender a year ago, came in seventh with $700 to $800 million in originations. New York Community Bank just about made it into the top 10, down from third a year ago.

CrediFi’s Alex Veksler blamed a decline in the number of smaller multifamily loans amid pressure from regulators.

Overall, New York lending volume in the second quarter was $24 billion, the same as a year ago and down from $27 billion in the second quarter of 2015. CrediFi’s data does not record all construction loans.


Related Articles

arrow_forward_ios
With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)

Real estate stocks push up this week as U.S.-China trade tensions ease

416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)

Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case

Paul Volcker (Credit: Getty Images)

Paul Volcker, Fed Chair who infuriated real estate, dies

Renderings of The William Vale and Denizen Bushwick with a Tel Aviv Stock Exchange ticker

All Year eyes sale of William Vale to pay off bonds

A&E Real Estate Holdings principal Douglas Eisenberg and the properties (Credit: The Rego Park 18 Portfolio)

Deutsche Bank provided A&E $97M in financing for big Rego Park buy

Redwood Trust’s CEO Christopher J. Abate (Credit: iStock)

Wall Street is collecting rent payments

From left: 1407 Broadway, 805 Third Avenue and 195 Broadway (Credit: Google Maps)

These were the 10 largest Manhattan real estate loans in November

Breather CEO Bryan Murphy (Credit: LinkedIn and iStock)

Breather bloodbath: Flex-office startup fires 17% of staff

arrow_forward_ios