Berkadia Commercial Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300GNIV169ZIHU012

Tax ID: 27-0812934

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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.

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    Originations

    1,307

    Origination Dollar Volume (All Markets)

    $22,195,695,000

    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 1,307 $22,195,695,000 $16,982,169 $0 3.16%
    Berkadia Commercial Mortgage's top markets include

    Their top states include:
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,108 $18,733,020,000 $16,907,058 $0 3.20%
    FHA 199 $3,462,675,000 $17,400,377 $0 2.90%

    For 2020, Berkadia Commercial Mortgage's most frequently originated type of loan was Conventional, with 1,108 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 741 $13,089,815,000 $17,665,067 $0 3.05%
    Other 566 $9,105,880,000 $16,088,127 $0 3.29%

    For 2020, Berkadia Commercial Mortgage's most frequently cited loan purpose was Refi, with 741 originations. The 2nd most popular reason was Other, with 566 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 717 $13,059,715,000 $18,214,386 $0 3.06%
    Other 336 $4,427,470,000 $13,176,994 $0 3.38%
    30+ year 131 $2,692,355,000 $20,552,328 $0 2.84%
    15 Year 82 $1,741,460,000 $21,237,317 $0 3.32%
    30 Year 17 $71,095,000 $4,182,059 $0 4.00%
    5 Year 16 $127,310,000 $7,956,875 $0 3.38%
    20 Year 7 $58,515,000 $8,359,286 $0 3.46%
    3 Year 1 $17,775,000 $17,775,000 $0 3.93%

    For 2020, Berkadia Commercial Mortgage's most frequently cited loan duration was 10 Year, with 717 originations. The 2nd most popular length was Other, with 336 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 626 $8,823,920,000 $14,095,719
    2.5-3% 500 $10,627,550,000 $21,255,100
    <2.5% 93 $1,978,205,000 $21,271,022
    4-5% 81 $741,605,000 $9,155,617
    5-6% 7 $24,415,000 $3,487,857

    During 2020, Berkadia Commercial Mortgage's average interest rate for loans was 4.00%, while their most frequently originated rate bucket for loans was 3-4%, with 626 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $1MM+ 1,284 $22,177,130,000 $17,271,908 $0 3.16%
    $600k-1MM 19 $16,675,000 $877,632 $0 3.22%
    $400k-600k 3 $1,535,000 $511,667 $0 3.45%
    $200k-400k 1 $355,000 $355,000 $0 3.35%

    2020 saw Berkadia Commercial Mortgage place emphasis on $1MM+ loans with 1,284 originations, totaling $22,177,130,000 in origination value.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 1,307 $22,195,695,000 $16,982,169 $0 3.16%

    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 1,307 $22,195,695,000 $16,982,169

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1,307 $22,195,695,000 $16,982,169

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $101,885,000 $6,792,333 $0 3.58%
    40-60% 145 $2,237,905,000 $15,433,828 $0 2.92%
    60-80% 831 $13,645,155,000 $16,420,162 $0 3.19%
    80-100% 255 $4,739,995,000 $18,588,216 $0 3.14%
    Over 100% 47 $1,368,585,000 $29,118,830 $0 3.09%
    Under 20% 9 $30,395,000 $3,377,222 $0 4.28%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Brightfunders, LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
    Brightfunders, LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%