ColumbiaNational Finishing 2023 with Strong Performance Amid Evolving Commercial Real Estate Landscape
ColumbiaNational Achieves $1.12 Billion in Closed Loans, Defy Current Market Trends.
Columbia, Md., December 13, 2023 — ColumbiaNational Real Estate Finance, a leading player in the commercial real estate financing sector, is excited to announce its remarkable performance through November of 2023.
As the commercial real estate landscape evolves, ColumbiaNational has continued to adapt and strengthen long-term relationships to execute transactions successfully for clients. Year-to-date 2023, ColumbiaNational reported outstanding results. They showcased resilience and adaptability in a challenging market, managing a total transaction volume of $1,119,655,450 across 132 loans. The loan portfolio comprised an array of loan types, ranging from fixed-rate non-recourse loans to bridge loans and construction loans.
A majority of the transactions, $912,356,800, were funded by Correspondent Life Insurance Company relationships. Diversifying across property types, Multifamily claimed the top spot with 35% of the loans, closely trailed by Retail and Warehouse/Industrial, each commanding a 25% share.
Senior Vice President Bryan Leigh said, “Despite the pullback in commercial real estate lending by most banks, we’ve still executed successful closings with our best bank relationships, and in other cases, we have turned to our Life Insurance companies to close loans that may have gone to regional banks in previous years. Now more than ever, relationships matter, and working with the right team can make or break the deal.”
Amid heightened market uncertainty in 2023, a significant capital cost surge over the past decade has changed the financial landscape. This shift has led lenders and investors to adopt a more conservative underwriting approach. Navigating this changing landscape and connecting borrowers with the right source of capital has become a challenge, emphasizing the critical need for a broad market approach to pinpoint the ideal solution.
Throughout these dynamic shifts, ColumbiaNational has remained steadfast in its mission of delivering highly personalized services. As the year-end approaches, ColumbiaNational continues its focus on successfully closing over $125 million in transactions in December and processing new business for the first quarter of 2024.
To learn more about ColumbiaNational, visit www.cnref.com.
Founded in 1993, ColumbiaNational is a leading name in the commercial real estate industry, with three strategically located offices in Baltimore, Columbia, and Washington. Their goal is to analyze, underwrite, structure, and close transactions with the most competitive terms available in the market, delivering on their borrower’s financing objectives with highly personalized service. Their team of exceptional professionals boasts decades of experience in commercial real estate finance and capital markets.