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.”