Partner and head of the Americas real estate financing group at Goldman Sachs
Last year's rank: 11
Goldman Sachs proved versatile across a number of commercial real estate lines during a challenging 2022.
The Wall Street giant totaled $6.8 billion of originations during a year overshadowed by rising interest rates after achieving $15 billion of lending volume in 2021. The 2022 figures include $5.1 billion of single-asset,
single-borrower transactions and $1.7 billion of conduit transactions.
In addition to its CMBS business, Goldman Sachs has also expanded its balance sheet lending over the last couple of years. The investment bank now finances more than 40 debt funds in addition to making loans for its own company balance sheet.
“Our goal is to have a product for any form of commercial real estate that our client needs,” Miriam Wheeler said.
Goldman Sachs syndicated more than $4.5 billion of unfunded financing commitments to over 25 lenders prior to closing in 2022, according to the bank. In addition to real estate loans, it aimed to leverage its global platform with data centers, infrastructure financing, mergers and acquisitions advisory, and risk management during the past year as a way to stand out in the market.
“The idea is to have under one roof all these different products,” Wheeler said. “It creates more synergy.”
The commercial real estate deals Goldman Sachs organized involved a variety of sectors, which included a $360 million loan for a self-storage portfolio owned by Angelo Gordon and Andover Properties that closed in November.—A.C.