Wells Fargo Leads NYC Commercial Mortgage Lending
Traditional banks held the top five spots among New York City commercial mortgage lenders in the year starting August 2025.
Updated on Nov. 7, 2026 in Commercial
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Wells Fargo led New York City commercial mortgage volume with $5.6 billion across 84 mortgages, while JPMorgan Chase issued the most mortgages with 774. Traditional banks held the top five positions among city lenders in the analysis of recorded commercial mortgages over $10,000.
Why it matters
The ranking shows how concentrated commercial lending in New York City is among large banks, with a few large deals shaping lender totals. Differences between average and median loan sizes highlight how volume can be driven by a small number of very large transactions.
Recorded mortgages over $10,000 from August 2025 onward show Wells Fargo with $5.6 billion across 84 loans, while JPMorgan Chase recorded $3.6 billion across 774 loans. Three deals made up roughly 38 percent of Wells Fargo's total, and the period's full set of deal-level details is not provided.
The players
Wells Fargo
Wells Fargo is a major U.S. bank holding company with a large commercial real estate lending business.
JPMorgan Chase
JPMorgan Chase is one of the largest U.S. banks, with extensive commercial and multi-family lending operations.
Bank of America
Bank of America is a major U.S. bank whose commercial mortgage lending placed it among the city's leading lenders.
The details
The Real Deal analyzed commercial mortgages over $10,000 recorded with New York City in the year starting August 2025. JPMorgan Chase's high count stemmed from a large number of loan packages involving multi-family properties, while Wells Fargo's volume was concentrated in fewer, much larger loans.
Timeline
August 2025: Start of the year-long commercial mortgage analysis period.
April: JPMorgan refinanced 625 Fulton Street with a $765 million loan.
Market Landscape
Recorded New York City commercial mortgages over $10,000 show that traditional banks dominated the lender rankings for the year starting August 2025. The contrast between high-volume large deals and high-count smaller loans illustrates two different lending strategies among the city's top lenders.
For New York City property owners and borrowers, the lender rankings indicate which large banks are most active in local commercial financing. Those seeking commercial loans can use this concentration of lending to understand where major capital is currently flowing.
The takeaway
Lender volume in New York City commercial real estate is concentrated among a few large banks, and a handful of big deals can heavily shape those totals. Looking at loan counts and median sizes alongside total volume gives a fuller picture of lending activity.
Further reading
For related market context, explore Commercial listings and lending coverage.
Source note: This article includes information reported by The Real Deal New York.
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