Chicago & Midwest + Midwest + Finance | March 3, 2023

Merchants Capital Sets Company Record with 2022 Loan Production Volume

Carmel, IN-based financial services provider Merchants Capital said it closed a record $8.95 billion in debt production in 2022, surpassing the previous company record of $7 billion set in 2021.

The firm saw significant growth in many product offerings in 2022, including a 77% increase in Merchants Bank balance sheet lending with over $7 billion, a 48% increase in Freddie Mac Targeted Affordable Housing production and an overall 27% increase in 2022 financing volume. Merchants Capital continued to execute throughout 2022 despite turbulent market conditions with unprecedented interest rate volatility.

“It is a true indication of the tenacity of our employees that we are able to announce yet another record-setting year in debt production for our company,” said Dwayne George, EVP, national head of production at Merchants Capital. “This great achievement could not be accomplished without the trust of our clients and the incredible hard work of our dynamic team.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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