Berkadia Commercial Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300GNIV169ZIHU012

Tax ID: 27-0812934

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Review & 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.

    Berkadia Commercial Mortgage has an above average approval rate when compared to the average across all lenders. They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type
    Simulated Rate Simulation Date
    30 Year Conventional Refi 230.11% 11/26/22
    30 Year FHA Refi 6.61% 11/26/22
    15 Year Conventional Refi 225.70% 11/26/22
    15 Year Cash-out Refi 225.70% 11/26/22
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    695

    Origination Dollar Volume (All Markets)

    $11,513,085,000

    Relative Rate

    Berkadia Commercial Mortgage's average 30 year fixed mortgage rate was 3.34%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.19%.

    Top 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
    Outside of Metro Areas 695 $11,513,085,000 $16,565,590 $0 3.31%
    Berkadia Commercial Mortgage's top markets include

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Michigan (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Berkadia Commercial Mortgage's most frequently originated type of loan was Conventional, with 496 originations. Their 2nd most popular type was FHA, with 199 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Berkadia Commercial Mortgage's most frequently cited loan purpose was Refi, with 351 originations. The 2nd most popular reason was 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 2021, Berkadia Commercial Mortgage's most frequently cited loan duration was Other, with 250 originations. The 2nd most popular length was 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 for loans was 3.34%, while their most frequently originated rate bucket for loans was 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
    100.00%

    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

    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%