Commercial mortgage banking firm Gantry saw a strong performance in its origination and servicing businesses in 2022 despite economic headwinds and market volatility.
The company reported completing $4.93 billion of commercial mortgage production in 2022. While slightly lower than its 2021 record of $5.15 billion, Gantry said the 2022 loan volume is its second-strongest production in 30 years.
“Last year was a tale of two halves, where after record-setting Q1 and Q2 production totals, the market slowed for price discovery during the second half of the year,” said Jeff Wilcox, principal at Gantry. “Despite the challenges, we have an experienced team that has successfully navigated cycle shifts in the past and operates proactively from that perspective. Our response was to dig in, assess new realities, and proactively work with clients to identify the best options to meet their objectives.”