Navigating the complex world of commercial real estate financing takes more than just a sharp eye for numbers — it demands the right partner. In 2025, the role of commercial mortgage brokers is more vital than ever, as market dynamics continue to shift in response to interest rate changes, economic pressures, and evolving business needs. This year, a few standout firms have proven their mettle, helping clients secure the capital they need to move forward.
Here’s a closer look at the top commercial mortgage brokers of 2025, recognized for their reliability, deal volume, and ability to tailor financing solutions across a wide range of property types.
1. CBRE Capital Markets
As one of the largest real estate firms globally, CBRE continues to dominate the commercial mortgage brokerage space. With a vast network of lenders and deep institutional relationships, CBRE has helped secure billions in commercial financing this year alone. Their ability to handle everything from multifamily to industrial portfolios sets them apart.
Why They Stand Out:
CBRE combines national reach with local expertise. Their brokers often come from banking or appraisal backgrounds, giving them a unique insight into structuring complex deals. In 2025, they’ve focused on streamlining the borrower experience with more transparent processes and digital tools.
2. Marcus &Millichap Capital Corporation (MMCC)
MMCC remains a strong force in the mid-market commercial lending space. Known for serving private investors and small to midsize property owners, MMCC has stayed competitive by fostering lender relationships and maintaining a diverse capital sources network.
What’s New in 2025:
This year, MMCC has emphasized bridge financing and value-add projects, particularly in emerging secondary markets. Their adaptability and close relationships with regional banks have given their clients an edge in tight credit conditions.
3. Eastern Union
Eastern Union is widely recognized for its aggressive deal-making and client-first approach. With a heavy focus on multifamily, healthcare, and office financing, they have built a loyal base of repeat borrowers.
Key Strength:
Transparency and negotiation. Eastern Union brokers are known for securing favorable terms even in conservative lending environments. In 2025, they’ve leaned into AI-assisted underwriting, helping clients prequalify more quickly and accurately.
4. Walker & Dunlop
Walker & Dunlop continues to rank among the top commercial loan originators, especially in the multifamily and HUD-insured sectors. Their presence in agency lending (Fannie Mae, Freddie Mac) is unmatched.
2025 Highlights:
This year, they’ve been especially strong in affordable housing and senior living deals. Their advisory services have also gained traction, helping developers navigate rising construction costs and zoning challenges.
5. Berkadia
A joint venture between Berkshire Hathaway and Jefferies Financial Group, Berkadia brings a powerful combination of capital markets knowledge and long-term client relationships. Their offerings include everything from debt placement to investment sales.
Why 2025 Is a Big Year:
Berkadia has leaned into the industrial and logistics sectors, anticipating demand from e-commerce and last-mile distribution. Their team’s underwriting discipline and deal creativity make them a broker of choice for institutional investors.
6. JLL Capital Markets
JLL continues to build on its strengths as a full-service real estate advisory firm. Their debt advisory team has grown significantly in 2025, handling large-scale office, retail, and mixed-use transactions.
What Sets Them Apart:
Technology. JLL has invested heavily in proptech, allowing real-time insights into lending markets. Their access to both domestic and global capital gives borrowers a broader set of financing options.
7. NorthMarq
A veteran in the commercial mortgage world, NorthMarq has stayed relevant by focusing on service, stability, and access. They work with over 50 life companies and a wide network of banks and CMBS lenders.
New Developments in 2025:
NorthMarq has quietly built a strong niche in student housing and medical office properties. Their no-fluff approach and commitment to long-term relationships make them a reliable choice in uncertain times.
8. Greystone
Specializing in multifamily and healthcare financing, Greystone brings a unique combination of lending, servicing, and investment expertise. They’re a top player in FHA/HUD loans and bridge-to-HUD executions.
2025 Focus Areas:
Rehabilitation projects and adaptive reuse. As older buildings get converted for new uses, Greystone’s experience in managing complex rehab deals has positioned them as a go-to resource for developers.
What to Look for in a Commercial Mortgage Broker in 2025
While the firms above are leaders, choosing the right broker comes down to more than just name recognition. Here are a few qualities savvy borrowers prioritize:
- Lender Access: A top-tier broker brings more than one or two banks to the table. They provide access to a wide lender network across the capital stack.
- Speed & Transparency: In today’s environment, delays can kill deals. Brokers who provide quick term sheets and honest assessments are invaluable.
- Specialization: Choose brokers familiar with your property type and project goals — especially if you’re doing a value-add or construction deal.
- Reputation: Word of mouth still matters. Ask other borrowers or industry contacts about their experience with a firm or individual broker.
Final Thoughts
2025 is shaping up to be a pivotal year in commercial real estate. Whether you’re refinancing, acquiring, or building, the right commercial mortgage broker can make or break your deal. The brokers on this list have proven themselves by consistently closing deals, adapting to the market, and advocating for their clients.
As financing conditions tighten, relationships matter more than ever. Align yourself with a broker who not only understands the numbers, but also the people behind the deals.
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