WASHINGTON, DC - CWCapital LLC, a subsidiary of CW Financial Services and a leading national lender to the multifamily, healthcare and seniors housing industries, today announced that a steady increase in national multifamily loan originations secured the firm’s position as a “top ten” multifamily finance firm within each of the Agency lending platforms in 2011, and placed CWCapital #3 nationally for overall Agency loan production.
As reported in the recently issued Mortgage Bankers Association (MBA) Annual Origination Rankings for 2011, CW closed the year as the fourth most active producer for Fannie Mae with $1.765 billion in loans closed, the seventh most active for Freddie Mac with $1.315 billion in loans closed, and the tenth most active for FHA with $553 million in loans closed. The total of approximately $3.63 billion in Agency loans closed in 2011 secured CWCapital the ranking of #3 in Agency loan production.
Michael Berman, President and CEO of CWCapital, attributed the steady growth to a well-executed strategic plan. “Over the past few years we have made key hires which have brought expanded originations capabilities as well as new borrowers to our firm,” stated Berman. “With every new hire we re-examine our process to continually improve our service. In the past two years we have launched new initiatives such as our joint venture ARA Finance, our Life Company lending platform, Affordable Housing platform, and our Small Loan lending platform. We have leveraged the strength of the entire CW platform to provide expanded services to our clients. This includes providing access to gap equity, market research, the capital markets and more. We continue to find creative financing solutions and aggressively pursue new opportunities to better serve our clients.”
Charles Spetka, Chief Executive Officer of CW Financial Services, commented on the company’s accomplishments, “This was a year of significant growth for CWCapital. It was the result of many years of hard work to implement a very specific vision. We look forward to leveraging the institutional knowledge, breadth of services and capabilities that we have amassed in an effort to better serve our clients, as well as to further position our platform for success in 2012 and beyond.”
CW Financial Services LLC (CWFS) is a unique, vertically integrated commercial real estate finance and investment management company offering a diverse range of services to investors in commercial and multifamily real estate debt. CWFS’ business platforms collectively encompass all aspects of the real estate capital structure, providing CWFS and its clients with the expertise, experience and resources needed to develop the most successful real estate strategies. CWFS employs approximately 460 employees in 17 offices across the country and provides transactional services, lending and servicing, advisory/research services, and special servicing through four subsidiaries – Rockwood Real Estate Advisors, CWCapital LLC, CWCapital Investments LLC and CWCapital Asset Management LLC.