Top 5 Commercial Construction Lenders of 2022 — Commercial Real Estate Loans

Bank OZK

Known as Bank of the Ozarks until 2018, Little Rock, Ark.-based Bank OZK may be a surprising entry on our list, but this midsize regional bank has taken on a massive amount of construction loans in recent years. A February 2022 article in The Wall Street Journal pegged Bank OZK as having $7.7 billion in construction financing on its books in September 2021, or 42% of its total loan volume. The lender has closed a number of high-profile transactions in the past year, including $800 million of a $967 million construction financing package for a 69-story condominium high-rise in Manhattan’s Upper West Side, Commercial Observer reported.

Goldman Sachs

One of the largest financial institutions in the country with total assets of $1.2 trillion at the end of September 2021, Goldman Sachs has a strong book of construction loans and has not shied away from financing a number of major developments in the past year. In July 2021, the bank partnered with Blackstone and KKR to extend a nearly $1.3 billion construction loan to L&L Holding Co. and Columbia Property Trust for the mixed-use redevelopment of the Terminal Warehouse near Hudson Yards in Manhattan, The Real Deal reported.

Wells Fargo

It should come as no surprise that Wells Fargo is on our list: With a little under $2 trillion in assets, the bank is one of the three biggest in the country. The lender has closed a number of major financing deals in the past year, as well as some notable smaller ones. For example, in January, Multi-Housing News reported the institution provided financing for an affordable housing development north of Miami focused on residents with disabilities.

UMB Bank

Although smaller than many others on our list, Kansas City, Mo.-headquartered UMB Bank has built an impressive book of commercial construction loans across the U.S. in recent years. The institution offers a range of financing packages, from construction only to construction-to-permanent loans, in addition to providing funds for major renovations. The lender, founded in 1913 as City Center Bank, currently has 91 branches in eight states but operates a national commercial lending portfolio.

Starwood Property Trust

One of the largest commercial mortgage REITs in the country, Starwood Property Trust finances a wide range of commercial assets, with loan sizes typically upwards of $40 million. The lender has made headlines with its involvement in several massive financial deals, from the $475 million initial construction loan for Manhattan’s Hudson Yards in 2013 to a $400 million package originated at the start of 2022 for an upcoming, 1.9 million-square-foot mixed-use project in Philadelphia, as reported by Commercial Observer

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