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Merchants Capital Recognized as #3 Affordable Multifamily Lender by Mortgage Bankers Association


CARMEL, Ind. – Leading financial services provider Merchants Capital today announces the company has earned a top-ranking position on the prestigious Mortgage Bankers Association (MBA) Commercial/Multifamily Originators listing, ranking in as the #3 affordable multifamily lender nationwide in 2021 – up from #4 last year. In total, Merchants Capital closed $3.7 billion in multifamily and affordable loans across 300 transactions, with an average transaction size of $12.3 million.

This ranking follows suit with a historic year for the company, closing nearly $7 billion in debt financing across its six regional offices in 2021 and shattering the firm’s previous record of $4.7 billion set in 2020. Merchants’ affordable housing debt production comprised $3.7 billion of the total $7 billion, representing a 50% increase year over year. In New York specifically, the firm provided approximately $1.15 billion in debt financing in 2021 for affordable housing development and preservation within the region, earning the company recognition as a top multifamily affordable housing financier in the area.

“It is humbling to be listed among these other great lenders, and all the credit goes to the team at Merchants. Since the beginning of the pandemic, quality and safe affordable housing has been even more critical, and I am very proud of our team’s dedication to the space. Our ability to partner on both the debt and equity allows us to continue to execute at a high level across the country.”

Michael Dury
President and CEO

The MBA report is a comprehensive set of listings of 141 different commercial/multifamily mortgage originators, their 2021 volumes and the different roles they play. The report presents origination volumes in more than 140 categories, including by role, investor group, property type, financing structure type and the location of the originating office. It is available for purchase through MBA’s Online Store.

To learn more about Merchants Capital and its services, visit or find Merchants Capital on Facebook, Twitter, LinkedIn and Instagram.


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