29 Equity Intelligence
Most Active Lenders
Weekly rankings of the most active lenders by financing volume across industrial, data center, office, and retail - scored by total dollar volume closed.
Week of September 14, 2026
Industrial and logistics debt activity expanded heading into mid-September 2026, driven by a surge in large single-asset single-borrower (SASB) and conduit CMBS originations that reached nearly $15 billion year-to-date. Major money-center balance-sheet lenders and global investment banks dominated transaction pipelines, financing core distribution centers and advanced manufacturing facilities. Despite persistent negative leverage conditions in secondary locations, top-tier logistics hubs maintained robust lender liquidity across bridge, balance sheet, and securitized executions.
Morgan Stanley
$340M · 1 deal
Originated and launched a €312.5 million ($340M) European logistics and industrial CMBS securitization secured by an e-commerce warehouse portfolio featuring the Torija I hub leased to Leroy Merlin.
JPMorgan Chase
$275M · 5 deals
Provided $115 million in senior balance-sheet and conduit debt financing for an institutional modern distribution center campus in the Inland Empire.
Wells Fargo
$210M · 4 deals
Structured an $85 million fixed-rate CMBS conduit refinancing on a stabilized multi-building logistics park in North Texas.
Bank of America
$165M · 3 deals
Issued a $70 million floating-rate construction facility for a high-throughput cold storage and logistics development located in Savannah, Georgia.
CBRE Capital Markets
$125M · 3 deals
Arranged a $52 million life company permanent first mortgage on a fully leased, newly constructed last-mile logistics facility in Central New Jersey.
Data center debt origination remained exceptionally strong heading into the week of September 14, 2026, driven by an accelerating $1.3 trillion debt surge across hyperscale and AI infrastructure developments. Institutional lenders and commercial banks are actively structuring mega-syndicated credit facilities, infrastructure notes, and utility debt to finance gigawatt-scale campuses across the United States and global markets.
TD Bank
$26.8B · 1 deal
Served as the lead lender in the debt syndicate backing the $11 billion acquisition and ongoing expansion of Switch data centers.
Pimco
$23.0B · 2 deals
Committed an $18 billion debt package to Meta to fund hyperscale AI infrastructure build-outs alongside a $900 million credit facility for Nscale.
Wells Fargo
$16.4B · 79 deals
Participated in a $3.0 billion syndicated revolving credit facility to fast-track construction across North America for Vantage Data Centers.
JPMorgan Chase
$13.3B · 3 deals
Led a $7.1 billion debt financing package for Crusoe and Blue Owl Capital to construct a 1.2 GW AI data center campus in Abilene, Texas.
Bank of America
$12.8B · 49 deals
Acted as lead arranger and capital contributor in a landmark $14.0 billion data center infrastructure financing package for Oracle.
Office real estate debt activity for the week of September 14, 2026, was dominated by private credit debt funds, rescue recapitalizations, and CMBS refinancing solutions addressing the sector's ongoing maturity wall. With base benchmark rates elevated and traditional bank balance sheets constrained, alternative lenders provided critical bridge and structured takeout capital to bridge equity gaps on performing and transitional office assets. Deal activity concentrated heavily on well-leased trophy towers and creative debt workouts designed to avert special servicing transfers.
Blackstone Real Estate Debt Strategies
$510M · 2 deals
Provided a $360 million senior floating-rate bridge loan and recapitalization package for a Class A office tower in Midtown Manhattan to refinance maturing bank debt.
Apollo Global Management
$425M · 2 deals
Closed a $275 million whole-loan refinancing secured by an institutional-quality life science and creative office campus in San Jose, California.
Starwood Property Trust
$310M · 2 deals
Originated a $195 million balance-sheet bridge facility to facilitate lease-up and tenant improvement commitments for a downtown Chicago office asset.
KKR Real Estate Finance
$240M · 1 deal
Structured a $240 million floating-rate senior debt refinancing on a 90% leased corporate office property in suburban Boston.
Midland Loan Services
$185M · 1 deal
Arranged a distressed debt resolution and $185 million note sale financing package on a maturing securitized office loan portfolio in the Midwest.
Retail commercial real estate debt markets experienced steady liquidity heading into the week of September 14, 2026, though rising CMBS distress and hard maturity walls continue to bifurcate top-tier assets from lower-yielding retail properties. Originators have concentrated balance sheet, debt fund, and CMBS executions on grocery-anchored centers, mixed-use retail repositionings, and prime suburban retail footprints where leasing fundamentals remain supportive. Capital deployment was led by private debt funds and major investment banks willing to structure customized bridge solutions and refis amidst compressed debt yield requirements.
Hilco Global Real Estate Capital
$44.5M · 1 deal
Provided $44.5 million in debt financing secured by 249,012 square feet of retail and office space at the former Freeport-McMoRan Center in Phoenix, Arizona.
Berkadia Proprietary Lending Network
$35.0M · 1 deal
Allocated an estimated $35 million debt-fund financing slice to the 55,499-square-foot commercial and retail portion of a larger mixed-use refinancing in the Las Colinas submarket of Irving, Texas.
JPMorgan Chase Bank
$32.0M · 1 deal
Originated approximately $32 million in retail acquisition and bridge debt supporting prime shopping center recapitalizations across the Dallas-Fort Worth metroplex.
Bank of America
$25.0M · 1 deal
Provided $25 million in balance sheet debt to fund capital improvements and tenant re-positioning at the Central Park Shopping Center in Denver, Colorado.
Deutsche Bank
$22.5M · 1 deal
Structured a $22.5 million CMBS-bound bridge loan modification and maturity extension facility for a regional community shopping center in Georgia.