Berkadia Commercial Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300GNIV169ZIHU012

Tax ID: 27-0812934

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Berkadia Commercial Mortgage is a large mortgage company specializing in Refi and Other loans. Berkadia Commercial Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Berkadia Commercial Mortgage has an above average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors.


Originations

695

Origination Dollar Volume (All Markets)

$11,513,085,000

Relative Rate

Berkadia Commercial Mortgage 's average 30 year fixed rate mortgage of loans were 3.34%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of 0.19%.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Outside of Metro Areas 695 $11,513,085,000 $16,565,590 $0 3.31%

Berkadia Commercial Mortgage 's top markets include

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 496 $8,129,580,000 $16,390,282 $0 3.55%
FHA 199 $3,383,505,000 $17,002,538 $0 2.69%

For the 2021 period, Berkadia Commercial Mortgage 's most frequently originated loan type of loans were Conventional, with 496 originations. Their 2nd most popular type is FHA, with 199 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 351 $5,892,535,000 $16,787,849 $0 3.11%
Other 344 $5,620,550,000 $16,338,808 $0 3.50%

For the 2021, Berkadia Commercial Mortgage 's most frequently cited loan purpose of loans were Refi, with 351 originations. The 2nd most popular reason of loans were Other, with 344 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 250 $2,892,020,000 $11,568,080 $0 3.65%
10 Year 235 $4,436,135,000 $18,877,170 $0 3.29%
30+ year 157 $3,206,435,000 $20,423,153 $0 2.68%
15 Year 20 $500,290,000 $25,014,500 $0 3.39%
1 Year 18 $338,200,000 $18,788,889 $0 3.80%
30 Year 8 $46,800,000 $5,850,000 $0 3.34%
5 Year 6 $71,850,000 $11,975,000 $0 4.33%
3 Year 1 $21,355,000 $21,355,000 $0 3.30%

For the 2021, Berkadia Commercial Mortgage 's most frequently cited loan length of loans were Other, with 250 originations. The 2nd most popular length of loans were 10 Year, with 235 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 371 $6,395,165,000 $17,237,642
2.5-3% 165 $3,226,335,000 $19,553,545
<2.5% 83 $1,412,115,000 $17,013,434
4-5% 46 $315,660,000 $6,862,174
5-6% 27 $98,465,000 $3,646,852
6-7% 3 $65,345,000 $21,781,667

During 2021, Berkadia Commercial Mortgage 's average interest rate of loans were 3.34%, while their most frequently originated rate bucket of loans were 3-4%, with 371 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$1MM+ 684 $11,504,900,000 $16,820,029 $0 3.31%
$600k-1MM 8 $6,630,000 $828,750 $0 2.94%
$400k-600k 3 $1,555,000 $518,333 $0 3.53%

2021 saw Berkadia Commercial Mortgage place emphasis on $1MM+ loans with 684 originations, totaling $11,504,900,000 in origination value.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Not applicable 695 $11,513,085,000 $16,565,590 $0 3.31%

Approval Rates

Total approvals of all applications
99.67%

Berkadia Commercial Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
96.97%

Berkadia Commercial Mortgage has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

Points and Fees

Points Originations Total Value Average Loan
NA 695 $11,513,085,000 $16,565,590

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
695 $11,513,085,000 $16,565,590

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 7 $40,305,000 $5,757,857 $0 4.66%
40-60% 69 $781,265,000 $11,322,681 $0 3.19%
60-80% 385 $6,308,945,000 $16,386,870 $0 3.47%
80-100% 191 $3,416,865,000 $17,889,346 $0 2.98%
Over 100% 31 $789,745,000 $25,475,645 $0 3.18%
Under 20% 9 $123,115,000 $13,679,444 $0 3.76%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Birchwood Credit Services, Inc. Conventional home mortgage Improper use of your report 1 100.0%