Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

MetLife Originates Above $11 Bln In Commercial Mortgage Loans In 2011

RELATED NEWS
Trade MET now with 

MetLife, Inc. (MET: Quote) said it originated, through its Real Estate Investments Department, over $11 billion in commercial mortgage loans in 2011, exceeding the more than $8 billion the company originated in 2010.

The company stated that it continues to be the largest portfolio lender in the insurance industry, with $40 billion in commercial mortgage loans outstanding.

Mark Wilsmann, managing director and head of MetLife's mortgage lending group, said, "Capitalizing on the strength of the MetLife lending platform, we were able to originate a significant number of larger loans on trophy office buildings and dominant regional malls in the U.S. We were able to originate top quality loans at yields that provided a pick-up of more than 100 basis points over comparable risk corporate bonds, adding long-term value to our investment portfolio."

MetLife noted that outside the U.S., it grew its lending activities in 2011, originating more than $600 million in mortgages in Mexico and nearly $800 million in London. The company added that it is an active lender in Japan, with more than 36 billion yen in lending in 2011.

Click here to receive FREE breaking news email alerts for MetLife Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Stocks moved notably higher over the course of the trading day on Tuesday after recovering from an initial move to the downside. With the strong upward move on the day, the Dow reached a new record intraday high before giving back some ground. President Barack Obama is scheduled to travel to the headquarters of the Centers for Disease Control and Prevention in Atlanta, Georgia, on Tuesday to outline steps the U.S. will take to help combat the Ebola outbreak in West Africa. Senate Republicans once again voted Monday to block a Democratic bill aimed at narrowing the national gender wage gap. The Senate voted 52 to 40 in favor of limiting debate on the Paycheck Fairness Act, falling well short of the 60 votes required.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.