Student Housing Business

MAY-JUN 2018

Student Housing Business is the voice of the student housing industry.

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StudentHousingBusiness.com May/June 2018 49 TOP LENDERS Top Lenders in Student Housing Leading lenders continue to show strong activity in the student housing sector. Compiled by Student Housing Business staff Directory of Intermediaries (in alphabetical order): Berkadia 28411 Northwestern Highway, Suite 300 Southfield, MI 48034 Main Student Housing Contact: Peter Benedetto Amount Arranged for Student Housing in 2017: $457,296,250 Types of Loans: New construction, Acquisition, Refi- nance, Green lending, Mezzanine, Bridge lending and equity sourcing. Largest student housing deal funded in 2017: $46,500,000 life company loan on asset at University of Iowa. Do you think your institution will fund more, less or about the same number of deals and capital for student housing transactions in 2018 versus 2017? More. HFF One Victory Park, 2323 Victory Avenue, Suite 1200 Dallas, TX 75219 Main Student Housing Contact: Brian Kelly Amount Arranged for Student Housing in 2017: $1,047,231,587 (HFF also closed $79,551,329 in student housing equity placement transactions, which was foot- noted in last year's survey). Types of Loans: New construction, Acquisition, Refi- nance, Green lending, Mezzanine and Other. Largest student housing deal funded in 2017: $93,561,100 NorthMarq Capital 3500 American Boulevard West, Suite 500 Minneapolis, MN 55431 Main Student Housing Contact: Jeff Erxleben Amount Arranged for Student Housing in 2017: $297,000,000 Types of Loans: New construction, Acquisition, Refi- nance, Green lending, and Mezzanine Largest student housing deal funded in 2017: $42,800,000 Do you think your institution will fund more, less or about the same number of deals and capital for student housing transactions in 2018 versus 2017? Expecting to fund more. Raymond James 50 N. Front Street Memphis, TN 38103 Main Student Housing Contact: Hugh Tanner Amount Arranged for Student Housing in 2017: $244,325,000 Types of Loans: New construction, Acquisition and Refinance. Largest student housing deal funded in 2017: $53,260,000 for Keck Graduate Institute Graduate Housing Do you think your institution will fund more, less or about the same number of deals and capital for student housing transactions in 2018 versus 2017? Less RBC Capital Markets, LLC 100 Light Street, Suite 2410 Baltimore, MD 21202 Main Student Housing Contact: Michael Baird Amount Arranged for Student Housing in 2017: $1,300,000,000 Types of Loans: New construction, Acquisition and Refinance. Largest student housing deal funded in 2017: $251,680,000 Do you think your institution will fund more, less or about the same number of deals and capital for student housing transactions in 2018 versus 2017? About the same. TSB Capital Advisors 3131 E. Camelback Road Phoenix, AZ 85016 Main Student Housing Contact: Timothy S. Bradley Amount Arranged for Student Housing in 2017: $2,220,000,000 Types of Loans: New construction, Acquisition, Refi- nance, Mezzanine, JV Partnership consultation and preferred equity. Largest student housing deal funded in 2017: The Mark at Athens Do you think your institution will fund more, less or about the same number of deals and capital for student housing transactions in 2018 versus 2017? We believe we will be involved in similar number of deals in 2018. Directory of Lenders (in alphabetical order): CBRE Capital Markets 2100 McKinney Avenue, Suite 700 Dallas, TX 75201 Main Student Housing Contact: Benjamin Roelke Amount Funded for Student Housing in 2017: [Intermediary] $1,024,310,000; [Lender] $745,212,000 Types of Loans: New Construction, Acquisition, Refi- Student Housing Business once again surveyed a number of lenders for our Top Lenders ranking and directory of major lenders. It is important to note that because some lenders and intermediaries measure themselves by volume of financing arranged, while others measure by volume of financing funded. We have ranked the lenders and intermediaries by both methods in our survey. We also have a directory of major lenders that appears follow- ing our rankings. GSE Ranking Based on Volume of Student Housing Financing in 2017 1 Fannie Mae $3,800,000,000 2 Freddie Mac $1,600,000,000 Top Lenders in Student Housing in 2017 by Volume of Financing Funded 1 Walker & Dunlop $1,901,188,000 2 KeyBank $1,156,000,000 3 CBRE $745,212,000 4 Wells Fargo $701,589,699 5 Citizens Bank $330,000,000 6 PNC $291,400,000 7 M&T $169,802,400 8 Grandbridge $85,463,000 9 CTL Capital $44,192,000 10 Seminole $18,575,648 Top Lenders in Student Housing in 2017 by Volume of Financing Arranged 1 TSB Capital $2,220,000,000 2 RBC Capital Markets $1,300,000,000 3 HFF $1,047,231,587 4 CBRE $1,024,310,000 5 Berkadia $457,296,250 6 NorthMarq $297,000,000 7 Raymond James $244,325,000 8 M&T $109,942,000 9 Grandbridge $79,921,388 10 Walker & Dunlop $15,200,000

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