Barings Multifamily Capital Mortgage Rates, Fees & Info
Plano, TXLEI: 549300AEULLVYD8L9B04
Tax ID: 94-3159818
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Mortgage Data
Review & Overview
Barings Multifamily Capital is a smaller mortgage company specializing in Refi and Home Purchase loans. Barings Multifamily Capital has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Dallas, Los Angeles, Columbia, Austin, and Portland among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)Barings Multifamily Capital has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. They typically have about average rates.
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Originations
54Origination Dollar Volume (All Markets)
$939,210,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 9 | $160,865,000 | $17,873,889 | $0 | 0.05% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $82,680,000 | $41,340,000 | $0 | 0.05% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $72,005,000 | $72,005,000 | $0 | 0.05% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 4 | $70,400,000 | $17,600,000 | $0 | 0.05% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $70,355,000 | $23,451,667 | $0 | 0.04% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 2 | $64,510,000 | $32,255,000 | $0 | 0.04% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $48,005,000 | $48,005,000 | $0 | 0.04% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 2 | $46,150,000 | $23,075,000 | $0 | 0.05% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $44,805,000 | $44,805,000 | $0 | 0.05% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $39,720,000 | $19,860,000 | $0 | 0.05% |
| NAPA, CA (FHA|USDA|VA) | 1 | $33,875,000 | $33,875,000 | $0 | 0.04% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 1 | $33,575,000 | $33,575,000 | $0 | 0.05% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $22,580,000 | $11,290,000 | $0 | 0.05% |
| Bozeman, MT (FHA|USDA|VA) | 2 | $17,330,000 | $8,665,000 | $0 | 2.30% |
| TUCSON, AZ (FHA|USDA|VA) | 2 | $16,550,000 | $8,275,000 | $0 | 0.05% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 2 | $14,910,000 | $7,455,000 | $0 | 0.05% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $14,305,000 | $14,305,000 | $0 | 0.05% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 1 | $10,905,000 | $10,905,000 | $0 | 0.05% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $10,705,000 | $10,705,000 | $0 | 0.05% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 1 | $9,755,000 | $9,755,000 | $0 | 0.05% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $8,905,000 | $8,905,000 | $0 | 0.05% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 1 | $8,525,000 | $8,525,000 | $0 | 0.05% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $8,105,000 | $8,105,000 | $0 | 0.05% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $7,225,000 | $7,225,000 | $0 | 0.05% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $5,005,000 | $5,005,000 | $0 | 4.46% |
| Detroit-Warren-Dearborn, MI (FHA|USDA|VA) | 1 | $4,865,000 | $4,865,000 | $0 | 0.05% |
| BOULDER, CO (FHA|USDA|VA) | 1 | $3,005,000 | $3,005,000 | $0 | 0.05% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $2,155,000 | $2,155,000 | $0 | 0.05% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $0 | 0.04% |
| Huron, SD (FHA|USDA|VA) | 1 | $1,595,000 | $1,595,000 | $0 | 0.04% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $1,555,000 | $1,555,000 | $0 | 0.05% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $1,525,000 | $1,525,000 | $0 | 0.05% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.05% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 46 | $771,690,000 | $16,775,870 | $0 | 0.24% |
| FHA | 8 | $167,520,000 | $20,940,000 | $0 | 0.05% |
For 2018, Barings Multifamily Capital's most frequently originated type of loan was Conventional, with 46 originations. Their 2nd most popular type was FHA, with 8 originations.
Loan Reason
For 2018, Barings Multifamily Capital's most frequently cited loan purpose was Refi, with 28 originations. The 2nd most popular reason was Home Purchase, with 21 originations.
Loan Duration/Length
For 2018, Barings Multifamily Capital's most frequently cited loan duration was 10 Year, with 28 originations. The 2nd most popular length was Other, with 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| <2.5% | 52 | $923,050,000 | $17,750,962 |
| 4-5% | 2 | $16,160,000 | $8,080,000 |
During 2018, Barings Multifamily Capital's average interest rate for loans was 0.05%, while their most frequently originated rate bucket for loans was <2.5%, with 52 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $1MM+ | 53 | $938,455,000 | $17,706,698 | $0 | 0.22% |
| $600k-1MM | 1 | $755,000 | $755,000 | $0 | 0.05% |
2018 saw Barings Multifamily Capital place emphasis on $1MM+ loans with 53 originations, totaling $938,455,000 in origination value.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 54 | $939,210,000 | $17,392,778 | $0 | 0.21% |
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Not applicable | 54 | $939,210,000 | $17,392,778 | $0 | 0.21% |
Approval Rates
Total approvals of all applications93.51%
Barings Multifamily Capital has an average approval rate.
Pick Rate
Approvals leading to origination68.52%
Barings Multifamily Capital has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 54 | $939,210,000 | $17,392,778 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 54 | $939,210,000 | $17,392,778 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Borenstein & Associates, LLC | Other type of mortgage | Trouble during payment process | 1 | 100.0% |