JP Morgan Chase: Commercial Real Estate - The Lender Draft | Official CRE, Growth Cap & ABL Rankings

Explore the benefits of JP Morgan for your commercial real estate financing needs.

Website: https://www.jpmorgan.com/commercial-real-estate

2026 SEASON (CURRENT)

Lender Name	Total Points	Deals Logged	Volume Drafted	Primary Asest Focus	Most Common Loan Term	Primary Loan Type	Top States	Pace Score
Bank OZK	113	7	$85,100,000	Condo (3), Multifamily, Industrial	Construction loan (5)	Construction (5)	Florida (2), Pennsylvania, New York, California	0.33
European Investment Bank	85	4	$925,520,000	Industrial/Biorefinery, Shore Power Infrastructure, EV Charging Infrastructure, Wind Farm	15 years (1)	Construction (2)	Italy, Netherlands, Estonia, Spain	0.27
Mitsubishi UFJ Financial Group (MUFG) - Commercial RE	392	19	$6,030,853,333	Solar Energy (5), Battery Energy Storage (3), Data Center (2), Geothermal, Wind Farm, LNG Facility, HVDC Transmission	Non-recourse project financing (2)	Construction (7), Refinance (3), Commercial Real Estate (2), Construction and Term	Texas (3), Louisiana (3), Chile, Japan, Spain, India	0.68
Wells Fargo - Commercial RE	721	32	$9,943,313,154	Office (7), Industrial (5), Multifamily (5), Mixed-Use (3), Hotel/Casino, Data Centers, Energy/LNG, Retail	5-year fixed-rate (3); 2-year floating-rate (2), floating-rate (2), construction loan (2)	Refinance (10), CMBS for Refinance (8), Construction (4), Acquisition (3), Bridge for Refinance (2), CMBS for Acquisition, Credit Facility, Growth Capital, Expansion/Refinance	New York (15), Illinois (3), Florida (2), Texas (2), California (2)	1.41
Bank of Montreal (BMO) - CRE	168	9	$1,329,000,000	Industrial (5), Multifamily (2), Data Centers, Retail	2-year floating-rate (2); construction loan (1), fund-level revolving (1)	Acquisition (4), Refinance (3), Construction, Credit Facility	Georgia (3), Florida (2), Virginia, New Jersey, Nevada, Texas	0.56
Deutsche Bank - Commercial RE	232	12	$2,614,366,667	Office (5), Multifamily, Energy/LNG Facility, Hotel, Life Sciences, Mixed-Use	5-year fixed-rate (2); 2-year floating-rate (1), construction financing (1), CMBS conduit (1)	Refinance (5), Construction (2), CMBS Refinance (3)	New York (5), California, Colorado, Florida, Georgia, Ireland	0.5
First Citizens Bank - CRE	0	0	0	TBD	TBD	TBD	TBD	0
JP Morgan - Commercial RE	466	22	$7,075,349,206	Office (6), Industrial (3), Multifamily (2), Mixed-Use (2), Energy/Geothermal (2), Retail (2)	5-year, fixed-rate (2); 2-year floating-rate + extensions (2); 3-year floating-rate (2)	Refinance (6), CMBS for Refinance (5), Acquisition (4), Construction (3), Bridge for Refinance, Senior + Mezzanine Loan	New York (6), California (3), Texas (3), Massachusetts (2), Florida, Pennsylvania	0.95
Sumitomo Mitsui Banking Corporation (SMBC) - Commercial RE	202	12	$1,313,373,610	Solar Energy (3), Energy/Geothermal (2), Data Center, Energy Storage/BESS, HVDC Transmission, Multifamily, Solar/Wind/BESS Hybrid	Non-recourse senior secured (2); Construction-to-term loan (2)	Commercial Real Estate (6), Construction (3), Refinance	Louisiana (2), Canada, India, Japan, New York, Philippines	0.45
BNP Paribas	68	6	$456,748,429	Solar / Renewable Energy (4), Industrial, Retail/Mall	2-year floating-rate + extensions (2)	Commercial Real Estate (3), Construction (2), CMBS for refinance	Spain (2), Chile (2), Italy, United Arab Emirates	0.27
Citigroup - Commercial RE	324	17	$3,346,167,916	Industrial (4), Multifamily (3), Office (3), Hotel (3), Retail (2), Data Center (2)	Term2-year floating-rate (3), 5-year fixed-rate (2)	CMBS for refinance (5), Refinance (5), Acquisition (2), Construction, CMBS for acquisition	New York (4), Florida (4), Texas (2), Virginia, Georgia, Arizona	0.73
Morgan Stanley - Commercial RE	323	14	$4,553,109,333	Office (4), Data Center (3), Industrial (2), Retail (2), Hotel (2), Self-Storage	5-year fixed-rate (2), 2-year floating-rate (2)	CMBS for refinance (5), Refinance (5), CMBS for acquisition (2), Revolving Credit Facility, Construction	New York (3), Texas (2), Virginia (2), Massachusetts, California, Washington D.C.	0.64
Santander Bank - Commercial RE	181	10	$1,213,816,078	Solar PV/BESS Hybrid (5), Energy Storage/BESS (2), Multifamily (2)	Construction-to-term (2)	Construction (5), Commercial Real Estate (4)	California, Connecticut, Florida, Idaho, Peru, Portugal	0.41
Truist Bank - Commercial RE	91	5	$414,300,000	Multifamily (5)	Construction loan (1), Senior loan and preferred equity (1), Permanent loan (1)	Construction (2), Acquisition, Refinance, Permanent financing	New York (2), Maryland, Texas, Washington D.C., New Jersey	0.23
Bank of America - Commercial RE	379	18	$18,349,612,360	Office (6), Data Center (3), Industrial (3), Energy (3), Multifamily (2), Retail/Mall	Fixed-rate 5-year (2), 2-year floating-rate (2)	Refinance (5), Construction (4), CMBS for refinance (4), Acquisition (3), CMBS for acquisition	New York (6), Louisiana (2), Virginia (2), Michigan, California, Florida	0.82
Goldman Sachs - Commercial RE	509	25	$5,196,649,000	Office (7), Solar/Energy Storage (4), Retail (2), Data Center (2), Hotel (2), Multifamily (2)	5-year fixed-rate (3); 2-year floating-rate (2)	Refinance (10), CMBS for refinance (6), Bridge (2), Construction (2), CMBS for acquisition, Revolving Credit Facility	New York (5), California (4), Virginia (3), Texas (3), Florida (3), Washington	1.09
ING Groep NV - Commercial RE	232	12	$2,197,435,333	Solar Energy (5), Battery Energy Storage (3), Data Center, Office, Community Solar	Construction-to-term (1), 20-year PPA (1)	Construction (6), Commercial Real Estate (2), Refinance (2), Construction and Term	Louisiana (2), California, Idaho, Texas, Virginia, Philippines	0.5
KeyBank	162	9	$1,068,400,000	Solar / Energy (4), Multifamily (2), Senior Living, Industrial Outdoor Storage	35-year amortization (1), 7-year fixed (1), construction-to-term (1)	Construction (3), Refinance (3), HUD Refinance, Construction/Term Loan	Idaho (2), Texas (2), North Carolina, Colorado	0.36
Natixis - Commercial RE	145	7	$1,865,338,096	Solar / Energy (4), Battery Energy Storage (2), LNG Facility, Retail, AI Infrastructure	Senior non-recourse (1), construction term loan (1)	Construction (3), Refinance, Growth Capital, Commercial Real Estate	Louisiana, Texas, California, New York, Chile, France	0.32
Barclays - Commercial RE	231	14	$1,951,030,000	Energy/Geothermal (2), Office (2), Data Center, Energy/LNG, Self-Storage	5-year, fixed-rate (2); Construction-to-term (2)	Refinance (4), Construction (2), Commercial Real Estate	California (2), Georgia, Illinois, Louisiana, Pennsylvania, Texas	0.32
ACORE Capital	34	2	$235,000,000	Industrial, Multifamily	2-year floating-rate; 3×1-year extensions	Refinance (2)	Washington, Multi-State (15 states)	0.11
Affinius Capital	201	12	$1,365,328,000	Multifamily (6), Office (2), Industrial, Development Site, Student Housing (United Kingdom), Mixed-Use	Floating-rate; matures 2029; two 1-year extension options (1); Senior loan; back leverage provided by Standard Chartered (1)	Refinance (8), Acquisition (2), Construction (2)	New York (5), Florida (2), Pennsylvania (2), Georgia, California, United Kingdom	0.55
Barings	142	7	$1,528,450,000	Mixed-Use (3), Office (2), Hotel, Industrial	Construction financing (1)	Refinance (4), Construction (3)	New York (3), California, Illinois, Tennessee, Utah	0.32
Brookfield	37	2	$369,000,000	Multifamily (2)	Three-year bridge (only stated term)	Refinance, Bridge	New York (2)	0.11
S3 Capital	100	6	$576,750,000	Mixed-Use (3), Multifamily, Student Housing	TBD	Construction (3), Refinance, Construction/Acquisition	Florida, New York, New Jersey, South Carolina, Texas	0.21
Berkadia	27	2	$110,942,000	Multifamily (2)	Freddie Mac	Acquisition (2)	Virginia, Wisconsin	0.5
Dwight Capital/Dwight Mortgage Trust	216	16	$1,037,000,000	Multifamily (13), Mixed-Use (2)	HUD 221(d)(4) (2), 35-year fully amortizing fixed-rate (1), 5-year interest-only (1), HUD 241(a) (1), HUD 223(f) (1	Refinance (6), Construction (5), Bridge for refinance (4)	New York (4), Florida (4), New Jersey (2), Texas (2), Utah, California	0.68
Greystone	100	7	$496,249,222	Multifamily (4), Affordable Housing (2), Senior Housing	24-month bridge with extension options (2),	Bridge for Refinance (2), Refinance (2), Acquisition, Construction/Rehabilitation (2)	Illinois (2), North Carolina (2), New York, Mississippi, Florida	0.3
Madison Realty Capital	150	9	$907,150,000	Condominium (3), Multifamily (3), Hotel (2), Self-Storage	Closed Dec 19, 2025, completion late 2027 (1); Construction loan, expected completion 2028 (1)	Construction (5), Refinance (2), Acquisition (1), Condominium Inventory Loan	New York (2), New Jersey (2), Florida (2), Virginia, California, Tennessee	0.41
Nuveen	220	15	$1,274,045,000	Hotel (5), Multifamily (4), Office/Lab (2), Retail (1), Life Sciences	30 years (3), 5-year floating-rate (1), C-PACE financing including $30M for future tenants (1	C-PACE for Construction (5), Construction (3), Refinance (3), Acquisition, Full stack capitalization	Texas (2), Pennsylvania (2), Nevada (2), New York (2), Arizona, Florida	0.59
Blackstone - Commercial RE	262	11	$10,494,670,000	Industrial (3), Multifamily (3), Office (2), Data Center, AI Infrastructure	3-year bridge (1), 5-year fixed-rate (1)	Refinance (6), Bridge for refinance (2), Acquisition/Construction	New York (2), Florida (2), Texas (2), Australia, Colorado, Washington	0.45
Corebridge	25	2	$115,000,000	Self Storage, Multifamily	5 years (2)	Acquisition, Refinance	Multiple, New York	0.11
MonticelloAM	160	10	$1,077,800,000	Skilled Nursing Facility (7), Senior Housing (2), Multifamily	36-month initial term (3), 30-month initial term (1), 24-month term (1)	Bridge for Acquisition (6), Bridge for Refinance (3), Bridge Acquisition	Illinois (2), Florida (2), Washington (2), Maryland, New York, Pennsylvania	0.45
Peachtree Group	180	15	$552,260,000	Hotel (9), Multifamily (2), Industrial, Senior Housing, Retail	3-year bridge with two 12-month extension options (3), 3-year floating-rate EB-5 (1), C-PACE 30-year (1)	Bridge for refinance (4), Construction (4), C-PACE for Construction (3), Bridge (2), C-PACE	Florida (2), Texas (3), North Carolina (2), Georgia (2), Utah, Ohio	0.64
Tyko Capital	88	3	$770,000,000	Condominium (2)	Construction loan, completion Q4 2028 (1)	Construction (2)	Florida (2)	0.11
Apollo Global Management	187	7	$3,454,800,000	Mixed-Use/Conversion (2), Industrial (2), Hotel	Multi-year (1), 36-month SOFR floating (1)	Construction (3), Acquisition (2), Refinance (2)	New York (3), Florida, North Carolina, Germany (2), United Kingdom, Netherlands, Spain	0.39
Ares Real Estate Management	182	8	$2,198,817,000	Industrial (2+), Multifamily (2), Mixed-Use (2)	Fixed-rate long-tenor (1), Through 2031 (1)	Acquisition (4), Refinance, Construction, C-PACE, Growth Financing	Florida (2), New York (2), Illinois, California, Washington D.C., United Kingdom	0.44
New York Life	80	5	$432,517,000	Multifamily (3), Office, Retail	Construction loan, 5-year interest-only, 3-year, floating-rate	Refinance (3), Construction, Acquisition	New York (2), Washington, Texas, California, Illinois	0.21
PGIM Real Estate	180	9	$3,694,925,000	Industrial (4), Data Center, Multifamily (2)	3-year with extensions (1), 7-year fixed (1), Floating-rate (1)	Acquisition (4), Refinance (4), Revolving Credit Facility	California (2), Texas (2), Illinois, Massachusetts, Florida, Germany	0.39
Starwood Property Trust	34	2	$202,000,000	Multifamily, Industrial	TBD	Refinance, Acquisition	Illinois, Tennessee	0.11
Deutsche Bank - Growth Cap	101	5	$3,015,000,000	TBD	Revolving credit facility	Acquisition, Working Capital	Spain, Switzerland	0.5
HSBC	120	6	$1,191,279,762	TBD	Revolving/RCF (2)	Growth Capital (2), First Lien Term Loan, Corporate Debt Facility, Warehouse Facility	New York, New Jersey, California, Spain, Switzerland	0.23
JP Morgan - Growth Cap	508	25	$12,866,892,690	TBD	5-year (2), 2-year with extension options (2)	Revolving Credit Facility (5), Growth Capital (2), Credit Facility (2), Loan (2), Unsecured Term Loan, Acquisition Credit Facility, others	Texas (4), New York (3), Illinois (3), California (2), Japan, Louisiana	0.82
Natixis - Growth Cap	138	7	$1,060,061,398	TBD	5-year, 3-year, 12-year, long-term PPA (all distinct; no modal)	Growth Capital (3), Term Loan B, Syndicated Letter of Credit Facility, Construction Warehouse Revolving Credit Facility, Commercial Real Estate	Spain (2), Nevada, Virginia, France, Massachusetts, Texas	0.32
PNC Bank	206	12	$1,800,010,822	TBD	5-year (4)	Revolving Credit Facility (3), Unsecured Term Loan (3), Unsecured Credit Facility – Revolver + Term Loans (2), Syndicated Credit Facility, Senior Secured Credit Facility, Construction Warehouse Revolving Credit Facility	Illinois (3), Connecticut, Ohio, Virginia, Indiana, Texas	0.55
Bank of America - Growth Cap	279	13	$5,123,868,881	TBD	5-year (4)	Revolving Credit Facility (4), Bridge Loan, Syndicated Term Loan, Syndicated Credit Facility, Growth Capital, Construction Warehouse Revolving Credit Facility	California (3), Texas (2), Ohio, Virginia, Illinois, Canada	0.45
Barclays - Growth Cap	131	6	$2,027,182,540	TBD	Term Loan B, 5-year, 7-year (all distinct; no modal)	Term Loan B, Term Loan, Revolving Credit Facility, Senior Secured Green Revolving Loan and LC Facility, Growth Capital, Senior Secured Corporate Credit Facility (all distinct)	Texas (2), Virginia, California, Spain, Pennsylvania	0.37
Goldman Sachs - Growth Cap	227	10	$8,927,204,762	TBD	Bridge loan (1-year), 5-year, Term Loan B (all distinct; no modal)	Growth Capital (3), Term Loan B, Revolving Credit Facility	Virginia, New York, Japan, Italy, Spain	0.23
Santander Bank - Growth Cap	113	6	$1,006,704,762	TBD	5-year	Growth Capital (3), Revolving Credit Facility, Senior Secured Corporate Credit Facility	Spain (2), New York, Chile, Pennsylvania	0.23
Sumitomo Mitsui Banking Corporation (SMBC) - GC	108	5	$8,439,533,333	TBD	3-year (2)	Growth Capital (3), Revolving Credit Facility, Senior Secured Green Revolving Loan and LC Facility	New York, Japan, Sweden, Texas, Denmark	0.23
Citigroup - Growth Cap	253	11	$808,267,583	TBD	Maturity January 2030 (1)	Growth Capital (4)	India, France, Spain, Canada	0.18
Huntington Bank - Growth Cap	110	8	$407,619,047	TBD	5-year (2)	Unsecured Credit Facility – Revolver + Term Loans (2), Unsecured Term Loan, Senior Credit Facility, Revolving Credit Facility, Five-Year Unsecured Term Loan, Commercial Aircraft Engine Acquisition Facility	Connecticut, Texas, Colorado, California, Florida, Washington	0.32
Morgan Stanley - Growth Cap	197	7	0	TBD	TBD	TBD	TBD	0
Mitsubishi UFJ Financial Group (MUFJ) - Growth Cap	212	10	$8,661,571,429	TBD	3-year (1); Bridge loan 1-year (1); 5-year leveraged loan (1)	Growth Capital (4)	India, Japan, France, Massachusetts	0.18
Truist Bank - Growth Cap	91	5	$381,250,000	TBD	2 years with three 1-year extension options, 4 years revolving credit facility with two six-month extension options (Pricing grid based on leverage ratio plus SOFR, 10-15 bps lower than prior debt)	Securitization / Warehouse & Mezzanine Refinancing; Growth Capital (Equity and Debt); Unsecured Credit Facility; Acquisition Credit Facility	Michigan, California, Florida, New Jersey	0.18
Bank of Montreal (BMO)-Growth Cap	76	4	$649,096,154	TBD	Due May 2031; 2 years with extension options; Maturity January 2030; Softwood Lumber Program term	Revolving Credit Facility (2); Growth Capital / Syndicated Credit Facility; Growth Capital / Term Loan (Softwood Lumber)	Canada (2), Missouri, Illinois	0.18
Canadian Imperial Bank of Commerce (CIBC)	101	8	$260,796,154	TBD	4-year loan (secured to unsecured), Three-year construction warehouse revolving credit facility with $500M accordion, Initial 3-year term with consecutive 1-year extension (prime rate + .75%)	Acquisition, Construction Warehouse Revolving Credit Facility, Growth Capital	Canada (3), Belgium	0.18
ING Groep NV - Growth Cap	80	5	$185,540,000	TBD	95% covered buyer credit guarantee (1)	Growth Capital	France	0.05
Royal Bank of Canada	104	7	$442,667,583	TBD	5-year (1); 2-year with extensions (1); Softwood Lumber bilateral (1); Maturity 2030 (1); SOFR + 85 bps (1)	Growth Capital (3); Senior Secured Credit Facilities; Growth Capital / Asset-Based Loan	Canada (3), Louisiana, Illinois	0.23
Wells Fargo-Growth Cap	261	13	$4,475,773,644	TBD	SOFR + 85 bps / interest-only (2); 5-year revolving (2)	Revolving Credit Facility (5); Unsecured Term Loan (3); Term Loan B (1); Syndicated Credit Facility (1); Senior Credit Facility (1)	Illinois (3), California (2), Canada, Virginia, Louisiana, New York, Ohio, Indiana	0.55
Regions Bank - Growth Cap	116	7	$539,475,108	TBD	The loan terms typically range from 2 to 5 years for initial maturity, frequently featuring one or more extension options (e.g., 6-month or 1-year extensions) and often priced using SOFR plus a spread.	The mix is predominantly composed of Unsecured Term Loans and various Credit Facilities (including syndicated, revolving, and construction warehouse facilities).	Illinois (3), Texas (2), Florida, New York, Washington	0.35
KeyBank - Growth Cap	139	8	$2,429,713,203	TBD	TBD	Revolving Credit Facility (2), Unsecured Credit Facility Revolver + Term Loans (2), Acquisition Credit Facility, Five-Year Unsecured Term Loan	New York, New Jersey, Ohio, California, Florida, Washington	0.26
U.S. Bank - Growth Cap	227	10	$1,441,915,585	TBD	5 years (2)	Revolving Credit Facility (3), Unsecured Term Loan (2), Unsecured Credit Facility Revolver + Term Loans (2), Construction Warehouse Revolving Credit Facility, Term Loan Credit Agreement, Five-Year Unsecured Term Loan	Illinois (2), California (2), Missouri, Ohio, Wisconsin, Texas, New York, Washington	0.43
BBVA	125	4	$1,031,858,974	TBD	TBD	Growth Capital (4)	China (2), Spain (2)	0.17
Blue Owl Capital	133	6	$2,050,000,000	TBD	SOFR+5.00% or Base Rate+4.00%, matures Apr 2031 (1); 5.5% over SOFR (1)	Senior Secured Credit Facility (2), Term Loan and Revolving Credit Facility, Credit Facility (Warehouse/Renewal), Delayed-Draw Term Loan	Texas, Massachusetts, California, Germany	0.18
Comvest Partners	19	1	$130,000,000	TBD	TBD	Senior Secured Credit Facility	California	0.04
MidCap Financial-Growth Cap	75	7	$21,500,000	TBD	Revolver with accordion feature; term loan; delayed draw term loan (1	Senior Secured Credit Facility (5), Growth Capital (1)	California (2), New York, Kentucky, Maryland, Canada	0.27
Mountain Ridge Capital	8	1	$15,000,000	TBD	Revolving facility maximizing availability against working capital assets	Senior Secured Credit Facility	Midwest	0.04
SLR Credit Solutions	0	0	0	TBD	TBD	TBD	TBD	0
Blackstone - Growth Cap	84	3	$1,600,000,000	TBD	Four-year funding spread, milestone payments upon FDA approval (1)	Growth Capital (2), Senior Secured Credit Facility	Texas, Israel, India	0.14
Hercules Capital	12	1	$25,000,000	TBD	4-year loan with three tranches up to $75M milestone-based, final $25M at Hercules discretion	Growth Capital	California	0.04
Monroe Capital	181	16	$52,500,000	TBD	TermPrime plus 3.75%, 60-month term (1); Senior credit facility (1); Delayed draw facility (1)	Senior Credit Facility (10), Senior Secured Credit Facility (2), Delayed Draw Senior Credit Facility, Debt Financing + Equity Co-Investment, Senior Secured Term Loan	California (4), Illinois (2), Michigan (2), Florida (2), Texas, Georgia	0.73
SG Credit Partners	28	3	0	TBD	TBD	Senior Debt Facility, Senior Debt Investment (2)	New York (2), Colorado	0.14
Stellus Capital Management	24	3	Undisclosed	TBD	TBD	Unitranche Senior Debt Facility (with Equity Co-Investment), Senior Debt Financing + Equity Co-Investment (2)	Arizona, Tennessee, Virginia	0.14
HPS Investment Partners	29	1	$500,000,000	TBD	Four-year secured term loan, SOFR + 675 basis points	Secured Term Loan	New York	0.04
NXT Capital	60	5	Undisclosed	TBD	TBD	Senior Secured Credit Facility (2), Senior Credit Facility (2)	Pennsylvania (2), Ohio, Michigan	0.18
Siena Lending Group - GC	0	0	0	TBD	TBD	TBD	TBD	0
Trinity Capital	121	10	$338,915,000	Small business receivables / consumer and SMB loan collateral (1)	Commitment structure	Growth Capital (5), Senior Secured Credit Facility (2), Equipment Financing, Growth Capital Debt Facility, Debt Term Loan, Warehouse Credit Facility	California (5), Arizona, Utah, New York, United Kingdom (2)	0.5
Wingspire Capital	72	6	$180,000,000	TBD	N/A	Senior Secured Revolving Credit Facility (2), Revolving Credit Facility (2), Senior Secured Credit Facility, Commitment	Pennsylvania, Wisconsin, Georgia, Florida	0.27
Ares Management - Growth Cap	108	5	$4,300,000,000	TBD	TBD	Debt Facility (2), Acquisition Financing, Equity and Debt Capital, Debt Financing	Colorado, California, New Jersey, North Carolina, Pennsylvania	0.23
Encina Private Credit	62	5	$118,750,000	Enterprise value / first-out commitment (1)	Senior credit facility secured by diversified pool of small balance lease-to-own contracts	Senior Secured Credit Facility (3), First Out Term Loan	Georgia	0.18
Great Rock Capital - GC	12	1	$30,000,000	TBD	TBD	Senior Secured Revolving Credit Facility	Pennsylvania (2)	0.04
KKR	0	0	0	TBD	TBD	TBD	TBD	0
Whitehawk Capital Partners	26	1	0	TBD	TBD	TBD	TBD	0
Bain Capital	53	4	$286,548,840	TBD	TBD	Senior Credit Facility (2), Growth Capital, Senior Secured Credit Facility	Massachusetts, Georgia, Nebraska, Germany	0.17
Fortress	86	4	$762,000,000	TBD	TBD	Senior Secured Credit Facility (2), First-Lien Term Loan, Senior Secured Term Loan	New Jersey, Tennessee, Kansas, California	0.17
Advantage Business Capital	8	1	$1,000,000	Invoices	TBD	Invoice Factoring Facility	TBD	0.04
First Citizens Bank - ABL	0	0	0	TBD	TBD	TBD	TBD	0
Gibraltar Business Capital	8	1	$20,000,000	TBD	TBD	Senior Secured Facility	TBD	0.04
nFusion Capital	80	10	$55,600,000	Accounts Receivable (7), Inventory (2), Accounts Receivable and Inventory (1)	TBD	Asset-Based Lending Facility (5), Factoring Facility (4), Factoring Line	California (3), Texas (2), Colorado, Michigan, Arizona, Florida, Georgia	0.45
Culain Capital	24	3	$7,500,000	Accounts Receivable (3), Inventory	TBD	Accounts Receivable Factoring Facility (2), Accounts Receivable & Inventory Financing Facility	New York (2), California	0.14
First Business Bank	84	10	$42,800,000	Accounts Receivable (6), Inventory (3), Real Estate (2), Vehicle Inventory		Factoring Facility (3), Asset-Based Revolving Credit Facility (2), Credit Facility (2), Working Capital Line of Credit, Inventory Floorplan Line of Credit	Wisconsin (2), Texas (2), Minnesota, New Jersey, Virginia, Hawaii, Pennsylvania	0.41
Great Rock Capital - ABL	46	3	$208,750,000	Accounts Receivable (3), Machinery & Equipment (2)	TBD	Senior Secured Revolving Credit Facility (2), Senior Secured Revolver	Pennsylvania	0.14
Rosenthal Capital Group	100	12	$23,750,000	Accounts Receivable (7), Inventory (4), Purchase Orders (2)	TBD	ABL Facility (3), Recourse Factoring Facility (2), Purchase Order Financing (2), Revolving Credit Facility, Working Capital Facility, Facility Increase	California (3), Idaho, Michigan	0.41
Ares Commercial Finance	12	1	$175,000,000	Accounts receivable; Machinery & equipment	TBD	Senior Secured Revolving Credit Facility	TBD	0.16
Sallyport Commercial Finance	54	7	$16,150,000	Accounts Receivable (5), Inventory (2)	TBD	Accounts Receivable Financing Facility (3), Non-Notification Factoring Facility (2), Inventory Finance Facility, A/R and Inventory Facility	Canada (3), Texas	0.32
SLR Healthcare ABL	16	2	$10,000,000	TBD	TBD	Asset-Based Revolving Line of Credit (2)	Northeast	0.09
Utica Equipment Finance	16	2	$18,000,000	Heavy Equipment (2)	Capital lease (2)	Capital lease (2)	Mid-Atlantic	0.09
Amerisource Business Capital	64	8	$30,500,000	Accounts Receivable (6), Inventory (4), Equipment (3), Real Estate	TBD	ABL Facility (3), A/R Only Facility, Asset-Based Lending Facility, Credit Facility Increase, Ledgered Asset-Based Line of Credit, A/R Ledgered ABL, Revolving Credit Facility with Equity, Working Capital Facility	Texas (2), Midwest (2), Southeast (2)	0.36
King Trade Capital	0	0	0	TBD	TBD	TBD	TBD	0
MidCap Business Credit	32	4	$46,000,000	Accounts Receivable (3), Inventory (3), Machinery & Equipment (3), Real Estate	TBD	Asset-Based Credit Facility (2), Working Capital Revolver (2), Working Capital Revolver + Machinery and Equipment Term Loan	Texas	0.18
White Oak Commercial Finance	54	4	$107,500,000	Accounts Receivable (3), Mining Services Assets, Various	TBD	Senior Secured ABL Facility, Revolving Credit Facility, ABL Revolver Facility	Arizona, Texas	0.14
Loeb Equipment	16	2	$1,200,000	Equipment	TBD	Equipment-Based Loan	Wisconsin, Illinois	0.04
Prestige Capital	8	1	$3,000,000	Invoices; Accounts Receivable	TBD	Invoice Financing Facility	California	0.04
JPalmer Collective	56	7	$26,000,000	Accounts Receivable (4), Inventory (4)	TBD	Line of Credit (3), Working Capital Facility (2), Asset-Based Line of Credit, Asset-Based Loan, Debt Facility	New York (2), Oregon (2), California, Georgia, Massachusetts	0.32
Eldridge Capital Management	69	3	$925,000,000	Power generation equipment (3)	TBD	Lease Facility (2), Equipment Financing Facility	Texas (3)	0.13
Haversine Funding	56	7	$38,100,000	Transportation Receivables / Factoring Portfolio (3), Accounts Receivable (2), Loan Portfolio / Working Capital Assets, Accounts Receivable (Optical Networking Hardware)	TBD	Lender Finance - Subordinated Debt Increase (2), Lender Finance - Senior Secured Revolving Credit Facility Increase, Lender Finance - ABL Participation, Lender Finance - Senior Facility Increase, Lender Finance - A/R Participation, Lender Finance - Factoring Participation	Texas (7)	0.3
Austin Financial Services	8	1	$10,000,000	TBD	TBD	Accounts Receivable Revolver	TBD	0.2
eCapital	100	12	$107,250,000	Healthcare Accounts Receivable (7), Accounts Receivable (4), Freight Receivables (2), Inventory	ABL facility with advances against accounts receivable and inventory; flexible facility with higher advance rates (1); others undisclosed	Healthcare Receivables Financing Facility (5), A/R Financing Facility (3), Healthcare Financing Facility, Asset-Based Lending Facility, Asset-based Loan-Freight Factoring Facility, Freight Factoring Facility	California (2), Canada (Ontario), Massachusetts, Midwest	1
Porter Capital	0	0	0	TBD	TBD	TBD	TBD	0
Siena Lending Group - ABL	46	3	$185,000,000	Accounts Receivable (2), Inventory (2), Current and Fixed Assets	TBD	Revolving Credit Facility, Senior Secured ABL Credit Facility	California, New Jersey	0.09
Gateway Trade Funding	15	2	$1,700,000	Inventory (2), Purchase Orders	Letter of credit-backed (1)	Purchase Order Facility (2)	TBD	0.33
Republic Business Credit	55	7	$23,000,000	Accounts Receivable (5), Inventory (2)	Accordion up to $6M with $2M inventory option after 6 months (1), Ledgered line of credit (1), Includes $10M accordion feature (1), Factoring facility (1)	Factoring Facility (4), Asset-Based Loan (2), Ledgered Line of Credit	California (2), Texas, Southwest	0.32
SLR Business Credit	24	3	$20,000,000	Accounts Receivable (3), Inventory (2)	TBD	Senior Secured Asset-Based Revolving Credit Facility, Senior Secured Invoice Financing Credit Facility, Revolving Line of Credit	New Jersey	0.14
TAB Bank	8	1	$2,500,000	Inventory	TBD	Asset-Based Lending Facility	Utah	0.04
Alpine Ridge Funding	0	0	0	TBD	TBD	TBD	TBD	0
Celtic Capital	53	7	$7,270,700	Accounts Receivable (5), Equipment (3), Inventory	$500K AR Line + $304.5K Equipment Loan (1); AR Line and Equipment Loan terms undisclosed (1)	Accounts Receivable Line of Credit (4), Asset-Based Financing Package, Accounts Receivable Line of Credit and Inventory Line of Credit	California (3), Pacific (2), Midwest, South-Central	0.27
Clarus Capital	8	1	$10,000,000	Essential use assets (medical transportation vehicles)	Loan facility for sponsor-backed company	Loan Facility	TBD	0.25
Gordon Brothers	19	1	$175,000,000	Various assets; Real Estate	Unitranche asset-based lending revolver with RILO tranche	Unitranche ABL Revolver with RILO	TBD	0.04
Assembled Brands	32	4	0	Accounts Receivable (3), Inventory (3)	Dynamic accordion-style facility with high advance rates (1), Scalable accordion feature; no lockboxes; no personal guarantees (1	Asset-Based Credit Facility, Senior Asset-Based Line of Credit, Revolving Working Capital Facility, Accordion-Style Asset-Based Facility	Delaware, California, Illinois, New Mexico	0.18
MidCap Financial-ABL	38	3	$95,000,000	TBD	Senior secured credit facility (2)	Senior Secured Credit Facility (2), Asset-Based Loan, Growth Capital	New York, Canada (Toronto) (2)	0.14
Southstar Capital	226	30	$42,150,000	Accounts Receivable (23), Purchase Orders (6), Inventory (4), Equipment (3)	Loan TermAccounts receivable financing facility; advances against eligible invoices including progress-billed contracts with retainage (1)	Accounts Receivable Financing Facility (13), Invoice Factoring Facility (5), A/R Financing Facility (3), Purchase Order and A/R Financing Facility (3), A/R and Inventory Financing Facility (2), Factoring Facility (2), A/R Line of Credit	Texas (4), Florida (3), North Carolina (3), South Carolina (3), Indiana, Midwest	1.32
Wintrust Equipment Finance	0	0	0	TBD	TBD	TBD	TBD	0
The Hedaya Capital Group	48	6	$22,000,000	Accounts Receivable (6)	Factoring facility with non-notification basis (1)	Factoring Facility (6)	New York (2), Florida, California, New Jersey, Texas	0.27
Sigma Funding	24	3	$2,600,000	Accounts Receivable (3)	$2,000,000 per month ongoing (1), Per month ongoing (1)	Monthly Factoring / Accounts Receivable Funding Program, Accounts Receivable Financing Facility, Accounts Receivable Funding Facility	Florida (2), California	0.14
Capteris	44	4	$94,000,000	Equipment (3)	TBD	Lease Commitment (2), Equipment Finance Loan, Co-Investment	TBD	0.18
Baker Garrington	86	11	$15,000,000	Accounts Receivable (11)	TBD	Factoring Facility (11)	Texas (4), North Dakota (3), Colorado, Oklahoma, Pennsylvania, Louisiana	0.5
Crestline Investors	60	3	$412,500,000	Portfolio of fund/infrastructure/credit assets (3)	TBD	NAV Loan (3)	TBD	0.13
JD Factors	74	10	$8,850,000	Accounts Receivable (10)	TBD	Factoring Facility (10)	Illinois (2), Quebec (2), British Columbia, Indiana, Washington, Arizona, Tennessee, Texas	0.43

2025 LENDER OVERVIEW

JP Morgan Chase is the commercial real estate lending arm of JPMorgan Chase & Co., the largest bank in the United States and the world’s largest bank by market capitalization, headquartered at 270 Park Avenue in New York City. JPMorgan Chase closed 2025 with $4.424 trillion in total assets, a balance sheet that gives JP Morgan Chase capabilities in CRE lending that no regional or alternative lender can replicate — the capacity to anchor billion-dollar syndications, act as sole lender on nine-figure refinancings, and originate CMBS at industrial scale simultaneously. The firm operates globally across asset management, investment banking, commercial banking, and retail banking, with $4.791 trillion in AUM and over 318,000 employees worldwide. In the verified 2025 CRE deal log, JP Morgan Chase appears in 17 transactions spanning office, industrial, multifamily, data centers, life sciences, and condominium development — operating as sole lender, lead arranger, co-originator, and CMBS syndicate participant across a single calendar year, a breadth of role that defines JP Morgan Chase’s market position: not a specialist, but the institution that every deal at sufficient scale eventually needs. Wikipedia Wikipedia

Headquarters: New York City, New York
Founded: December 1, 2000 (current entity); predecessor institutions date to 1799
Ownership: Public; JPMorgan Chase & Co. (NYSE: JPM); DJIA and S&P 500 component
Primary Focus: Full-spectrum CRE lending — CMBS origination, refinancing, construction, acquisition; sole lender and syndicate anchor
Typical Deal Size: ~$241.9M (allocated volume basis across 17 deals)

Tale of the Tape

Deals Logged: 17
Volume Drafted: ~$4.112B*
Primary Asset Focus: Office (8) | Industrial (3) | Mixed-Use (3) | Data Centers (1) | Life Sciences (1) | Condominium (1) | Multifamily (1)
Most Common Loan Term: [Data not provided — 7 of 17 undisclosed] | 5-year fixed-rate (4) | 2-year floating-rate with extension options (3) | 4.25-year floating-rate (1) | 7-year floating-rate (1)
Primary Loan Type: CMBS / CMBS for refinance (8) | Refinance (6) | Construction (2) | Proposed/floating CMBS (1)
Top States: New York (6) | Multi-state portfolio (5) | Florida (3) | Illinois (1) | Texas (1) | Pennsylvania (1)

Indicates syndicated loans across all 17 deals. Per “The Lead Arranger & The Syndicate Rule,” scoring is based on JP Morgan Chase’s specific allocation or lead arranger status. See The Rulebook for details.

⚠ Data Note: Two entries — Nov 1W 2025 ($605M, OKO Group and Cain International, proposed floating-rate) and Nov 4W 2025 ($630M, Cain International and OKO Group, closed fixed-rate) — appear to describe the same Miami office tower at different stages of negotiation. Both are counted as separate logged deals since they appear on different dates with different deal amounts and terms. The Nov 4W entry represents the closed transaction.

2025 PERFORMANCE SUMMARY

JP Morgan Chase logged 17 deals totaling approximately $4.112 billion in verified capital deployed during the period covered, with all figures representing allocated shares from syndicated transactions except for two sole-lender deals — the Rudin Management refinancing ($385M) and the CIM Group office refinancing ($245M). The gross value of underlying transactions JP Morgan Chase touched in 2025 exceeds $12.3 billion, illustrating the gap between allocated exposure and total market influence. JP Morgan Chase doesn’t just participate in the largest CRE deals in the country — it is structurally required for them to close.

November is by far the most active single month in the log, accounting for five deals and over $1.6 billion in allocated volume. The rest of the year produces a steady cadence of one to two deals per month, with no complete gaps across the calendar. JP Morgan Chase’s origination pace doesn’t cluster or surge the way a smaller lender’s does — it maintains continuous presence and then concentrates at year-end, which aligns with the CMBS securitization calendar and borrower demand to close before December fiscal year-ends.

DEAL FLOW ANALYSIS

Deal Size Range: Allocated deal sizes range from $116.7M (JP Morgan Chase’s share of the 12-lender Hines Global Income Trust revolving facility) to $433.3M (JP Morgan Chase’s share of the Durst Organization $1.3B CMBS refinancing). Gross deal sizes range from $245M (CIM Group sole-lender refinancing) to $1.6B (Blackstone industrial CMBS). There is no traditional sweet spot — JP Morgan Chase operates effectively from the mid-hundreds of millions to well above $1B, adjusting its role based on deal structure.
Geographic Focus: New York leads with six deals — four in Manhattan, two in Brooklyn — making it JP Morgan Chase’s most active single market. Florida contributes three deals, all in Miami. Five additional deals span multi-state industrial or data center portfolios across nine or more states. Texas, Illinois, and Pennsylvania each contribute one deal. JP Morgan Chase’s geographic reach is genuinely national, and its New York concentration reflects the density of large institutional CRE borrowers in that market rather than any limitation.
Industry Patterns: Office dominates with eight deals — more than any other asset class and nearly half the entire log. Industrial appears three times, all as large portfolio CMBS refinancings for Blackstone and LXP. Mixed-use adds three. Data centers, life sciences, condominium, and multifamily each appear once. The office concentration is the most analytically significant pattern in the log — JP Morgan Chase is underwriting trophy and Class A office at a scale that most lenders have retreated from entirely.
Loan Structures: CMBS and CMBS-for-refinance structures account for eight deals — the single largest category. Traditional refinancing follows with six. Construction lending appears twice. The CMBS dominance is consistent with JP Morgan Chase’s role as one of the country’s largest CMBS originators and securitizers. Every CMBS deal in the log involves multiple lenders, with JP Morgan Chase serving as co-originator and mortgage seller alongside Goldman Sachs, Wells Fargo, BofA, and Bank of Montreal.
Deal Purposes: Refinancing existing debt is the dominant purpose across fourteen of seventeen deals — whether structured as CMBS or conventional refinancing. Only two deals fund new construction: the Y-Tech ultra-luxury condominium tower in Miami and the Fields West mixed-use development in Frisco, Texas. One deal (Hines Global Income Trust) refinances an existing revolving credit facility for a diversified REIT.
Specific Example: In August 2025, JP Morgan Chase co-originated a $1.3B CMBS refinancing alongside Wells Fargo and Bank of America for the Durst Organization’s 1.8 million square foot Manhattan office tower — setting aside $50M for re-tenanting costs at a 5.8% interest rate. This deal is instructive because it shows JP Morgan Chase actively financing large Manhattan office at the point where the market remains uncertain, backstopped by Durst’s institutional strength and the CMBS securitization exit.
Transaction Velocity: JP Morgan Chase closes deals in every month of the log from March through December, with November producing a five-deal burst. That’s not a seasonal lending cycle — it’s an always-on origination engine that accelerates at year-end. The November concentration aligns with CMBS conduit closing timelines and borrower urgency to refinance before year-end. No other lender in The Lender Draft CRE log matches this consistency of monthly presence.

Strategic Insight

Eight of JP Morgan Chase’s seventeen verified deals involve office assets — at a moment when office is the most contested asset class in commercial real estate. Most lenders are shrinking their office exposure, tightening LTVs, or exiting the category entirely. JP Morgan Chase is doing the opposite: co-originating a $700M CMBS on a 55-story Chicago tower, refinancing a 2.3 million square foot Manhattan skyscraper, underwriting a $507M refinancing on 11 Times Square, and structuring a $630M CMBS on a new Miami office tower — all in a single year. That’s not accident or inertia. JP Morgan Chase’s CMBS model requires them to underwrite for bond investor demand, not just their own balance sheet conviction. Bond investors are still buying investment-grade office CMBS when the collateral is trophy, the sponsor is institutional, and the term is structured correctly. JP Morgan Chase’s office volume in 2025 is a direct signal that the CMBS market’s appetite for Class A office debt has not collapsed — it has bifurcated. Class A with institutional sponsors gets refinanced. Everything else doesn’t.

IDEAL BORROWER PROFILE

The ideal borrower for JP Morgan Chase, based on verified 2025 CRE activity, is a large institutional real estate owner or developer — private equity sponsor, REIT, sovereign wealth fund partner, or trophy asset owner — with a refinancing need above $200M, a Class A or institutional-grade asset, and a capital structure requiring CMBS execution or a large syndicated credit facility.

Deal Size Range: $116.7M to $433.3M (allocated); $245M to $1.6B (gross deal)
Industries: Office (8), Industrial (3), Mixed-Use (3), Data Centers (1), Life Sciences (1), Condominium (1), Multifamily (1)
Geography: New York (6), Florida (3), Multi-state portfolios (5), Illinois (1), Texas (1), Pennsylvania (1)
Asset Types: Office towers (8), Industrial/warehouse portfolios (3), Mixed-use developments (3), Data centers (1), Life sciences (1), Condominium (1), Multifamily (1)
Use Cases: Refinancing existing debt (14), Construction / development financing (2), Revolving credit facility refinance (1)
Loan Types: CMBS / CMBS for refinance (8), Conventional refinance (6), Construction loan (2), Revolving credit (1)

Competitive Positioning Insight

JP Morgan Chase’s two sole-lender deals in the verified log — the $385M Rudin Management refinancing and the $245M CIM Group refinancing — are both New York office assets with institutional sponsors. JP Morgan Chase doesn’t need a syndicate to close a $385M deal. That’s a balance sheet capability that nearly no other lender in the CRE market replicates at that size. The implication for borrowers is specific: if your deal is below $400M, is New York-based, involves a Class A office or mixed-use asset, and you have a clean institutional ownership structure, JP Morgan Chase will consider a sole-lender execution — which eliminates the syndication timeline, removes inter-creditor negotiation, and gives the borrower a single point of contact through close. That’s not a feature JP Morgan Chase advertises. It’s a capability visible only in the deal data.

STRATEGIC INTELLIGENCE BY AUDIENCE

FOR BORROWERS

CMBS Co-Origination as the Billion-Dollar Refinancing Path: Every deal above $500M in the JP Morgan Chase log is structured as CMBS, and every CMBS deal involves multiple co-originators. JP Morgan Chase does not sole-lend at the billion-dollar level in this sample — they anchor the origination group, securitize the loan, and sell the bonds. For borrowers refinancing above $500M, the CMBS execution path through JP Morgan Chase is not one option among many. It is functionally the path.
Action: If your refinancing need exceeds $500M, engage JP Morgan Chase early — not at term sheet stage, but at structure stage. Their CMBS securitization timeline drives the closing calendar. Deals that try to fit JP Morgan Chase into a pre-defined timeline, rather than building the timeline around the CMBS conduit, encounter friction.
Timing: November is JP Morgan Chase’s highest-velocity month in the verified log, with five closings. That aligns with year-end CMBS conduit closings. To close in November or December, your package needs to be in their system by August or September. If you miss the fall conduit, the next window is typically spring — plan accordingly.

FOR BROKERS

Sole-Lender Threshold as a Placement Decision Point: JP Morgan Chase executes sole-lender deals below $400M for institutional New York sponsors — Rudin Management ($385M) and CIM Group ($245M). Above that level, they co-originate. That $400M threshold is a meaningful placement signal: below it, a broker can pitch JP Morgan Chase as a single-lender execution. Above it, the broker’s job shifts to building the syndicate group with JP Morgan Chase as the anchor.
Action: For deals between $200M and $400M with institutional New York sponsors, present JP Morgan Chase as your lead lender candidate before engaging any other institution. Their sole-lender appetite in that range — demonstrated twice in 2025 — is an origination window that smaller lenders cannot match and that borrowers value for execution simplicity.
Strategy: JP Morgan Chase’s consistent co-origination partners in the log include Goldman Sachs, Wells Fargo, Bank of America, Morgan Stanley, and German American Capital Corp. If your deal requires a CMBS syndicate, building the group from this roster accelerates execution — JP Morgan Chase already has established underwriting and documentation relationships with all of them.

FOR RIVAL LENDERS

Office Concentration as a Sector Bet Competitors Can Exploit on the Margins: JP Morgan Chase’s eight office deals represent a significant commitment to a contested asset class. Their CMBS execution model requires institutional sponsors and trophy assets — which means JP Morgan Chase structurally cannot serve the mid-market office refinancing segment where LTVs are tighter, sponsors are smaller, and bond investor appetite is thinner.
Action: Target mid-market office refinancings in the $50M–$200M range with non-institutional sponsors — the deals JP Morgan Chase cannot securitize cleanly. Their CMBS model has a floor on credit quality and asset scale. Below that floor is real deal flow that balance sheet lenders can capture without competing against a $4.4 trillion bank.
Defense: When JP Morgan Chase is competing on a trophy office or industrial refinancing above $300M, the competitive differentiation is not rate or structure — their CMBS pricing is typically best execution at that scale. Compete on relationship, speed, and covenant flexibility. JP Morgan Chase’s CMBS structure imposes standardized covenants and borrower restrictions that a balance sheet lender can undercut with customized terms.

FOR ANALYSTS & FUNDS

JP Morgan Chase’s Office CMBS Volume as a Bond Market Confidence Signal: Eight office deals in the verified 2025 log — totaling over $4.5B in gross volume at the origination level — reflect not just JP Morgan Chase’s balance sheet appetite but the bond market’s willingness to absorb investment-grade office CMBS. JP Morgan Chase originates to securitize. If they couldn’t sell the bonds, they wouldn’t originate the loans.
Observation: JP Morgan Chase’s sustained office CMBS origination in 2025, across Chicago, Miami, Manhattan, Brooklyn, and Philadelphia, signals that institutional-grade office debt has a functioning securitization market at the top of the credit stack — even as value-add and suburban office debt remains effectively illiquid. The bifurcation is real and JP Morgan Chase’s deal flow maps it precisely: every office deal in the log involves a trophy asset, an institutional sponsor, or both.
Strategy: Funds allocating to CMBS or CRE debt in 2026 should treat JP Morgan Chase’s origination pipeline as a proxy for bond investor sentiment on office. An increase in JP Morgan Chase office CMBS volume signals expanding investor appetite. A contraction signals tightening. With $4.424 trillion in total assets, JP Morgan Chase is the single largest conduit between CRE borrowers and institutional bond buyers — their origination decisions function as a real-time market sentiment gauge that no secondary data source can replicate. Wikipedia