Category: CRE Financing & Lending

Every refinancing wave in commercial real estate runs through the balance sheets of regional and community banks, and how much CRE debt each bank already carries against its capital shapes which of them still have room to lend. As of June 30, 2026, 390 of the 4,313 FDIC insured banks that filed call reports held CRE loans equal to 300% or more of their tier 1 capital plus loan loss reserves, the level federal regulators use to flag a concentration for closer supervisory attention. Among the 165 banks with at least $10 billion in assets, 20 sit at or above that line.

The count keeps falling. On March 31, 2025, 433 banks were at or above 300% and 106 were at or above 400%. Fifteen months later those figures are 390 and 84, and the median bank over $10 billion has eased from 193.4% to 188.2%. Part of the decline is consolidation: the number of banks filing call reports fell from 4,536 to 4,313 over the same stretch.

Apple Bank leads the large bank list at 436.7%, followed by ConnectOne Bank at 430.9% and Provident Bank at 429.2%. Three banks with more than $50 billion in assets cross the threshold: Flagstar Bank, N.A. at 356.6%, Valley National Bank at 326.0% and Columbia Bank at 302.9%. Every figure on this page comes from the quarterly call reports banks file with their regulators, pulled from the FDIC BankFind database and computed the same way for every bank, so any reader can reproduce it.

This ranking is part of the BestCRE Capital coverage, which pairs regulatory data with the lenders borrowers actually call. For the banks most active in each loan type, see the Best CRE Lenders rankings and the construction loan lender rankings; for property sector context, start at the 20 CRE sectors hub.

Twenty Large Banks Sit Above the 300% Line, and Nine of Them Are New York Metro Lenders

The table ranks the 30 most concentrated banks with at least $10 billion in assets by guidance CRE to tier 1 capital plus loan loss reserves. Bold ratios are at or above 300%. The March 31 column shows the same bank one quarter earlier, and the construction column isolates construction and land development loans, which the guidance screens separately at 100% of capital.

Of the 20 large banks above the line, 9 are headquartered in New York or New Jersey, and multifamily loans make up 53.4% of their combined guidance CRE. That is the rent regulated and market rate apartment lending that defines the region, and it explains why these banks look concentrated even though many carry little construction risk: Apple Bank reports a construction ratio of 0.0%. Outside the New York metro, the banks above the line range from Massachusetts and Virginia to Arkansas, Alabama, Indiana and the West Coast.

The 300% Ratio Is a Supervisory Screen, Not a Limit

The measure comes from the 2006 interagency guidance Concentrations in Commercial Real Estate Lending, Sound Risk Management Practices, issued jointly by the OCC, the Federal Reserve and the FDIC. The guidance counts construction and land development loans, multifamily loans, nonfarm nonresidential loans that are not owner occupied, and loans to finance commercial real estate that are not secured by real estate. Owner occupied properties are left out because repayment depends on the operating business rather than on rents.

Examiners look harder at a bank when that total reaches 300% of capital and the CRE portfolio has grown 50% or more in the prior 36 months, or when construction and land development loans alone reach 100% of capital. The agencies stated plainly that they were not setting a cap. A bank above the line is expected to run stronger risk management, stress testing and capital planning, and many lenders operate above it for years. The denominator used here is tier 1 capital plus the allowance for loan and lease losses, the version supervisory reports now apply so that every bank can be measured on the same basis.

Fewer Banks Cross the Line Each Quarter

The trend is steady rather than dramatic. Banks at or above 400% fell from 106 to 84 over five quarters, while the large bank count above 300% has hovered between 19 and 23. Construction concentrations have barely moved, with 276 banks at or above 100% of capital in the latest quarter against 282 at the start of the series. Across all banks, half sit below 128.6%, which means the typical lender is nowhere near the threshold and the concentration story belongs to a specific group of real estate specialists.

The biggest one quarter declines among large banks came at OceanFirst Bank, N.A., down 46.5 points to 381.4%, and Bank OZK, down 31.0 points to 290.4%, which moved it below the line. Moving the other way, Banc of California rose from 289.7% to 309.8% and Axos Bank rose from 280.0% to 318.4%.

Four Large Banks Meet Both Guidance Tests

The full screen pairs the 300% level with growth of 50% or more over 36 months. Comparing guidance CRE balances at June 30, 2026 with June 30, 2023, 4 banks over $10 billion meet both conditions.

Growth figures include loans a bank acquired through mergers, so a large jump can reflect a completed deal rather than aggressive new lending. That distinction matters to examiners, who weigh how the portfolio was built and how it is managed. By contrast, Flagstar Bank, N.A. has reduced its guidance CRE balance 32.1% since June 30, 2023 and Valley National Bank has reduced its balance 15.0%, yet both remain above the line because capital has not grown as fast as the loan book shrank.

The Largest Banks Sit Far Below the Threshold

Size and concentration run in opposite directions. Of the 49 banks with at least $50 billion in assets, 3 are at or above 300% and 26 are below 100%. JPMorgan Chase Bank, N.A. is at 61.5%, Wells Fargo Bank, N.A. at 81.8% and Bank of America, N.A. at 45.7%. Just below the line among the super regionals are SouthState Bank, N.A. at 282.6%, Webster Bank, N.A. at 273.3% and Old National Bank at 254.8%.

The broad column adds owner occupied loans and unused CRE commitments and divides by total equity. It is not the regulatory measure, but it captures the full real estate footprint a bank has signed up for, including construction draws it is obligated to fund.

California, Texas and New York Hold the Most Concentrated Banks

Counting banks of every size at or above 300%, the leading states are CA (43), TX (33), NY (24), IL (23), WI (22), NJ (17). The large bank list is dominated by the New York metro, but the long tail is community banks: 191 of the 390 banks at or above 300% have less than $1 billion in assets. State by state lender rankings are live for California, Texas, New York and New Jersey.

For Borrowers, Concentration Is a Signal About Appetite

A bank well above 300% can keep lending, but it usually does so selectively: renewing existing relationships, favoring deposit rich borrowers and pricing new CRE requests to protect capital. A bank well below the line with a growing CRE book often has both the capacity and the intent to win new loans. That is the practical use of this data for a sponsor shopping a refinance or a construction loan. Pair the ratio with growth, and a short list of banks with room and momentum appears.

BestCRE tracks that second half of the picture in the fastest growing CRE bank lenders ranking and the multifamily bank lender ranking. A bank that shows up high on growth and in the middle of this concentration table is often the most receptive call. A bank at the top of this table may still be the right lender for an existing customer, but a new borrower should expect tighter terms or a longer conversation about deposits.

A Broader Measure: CRE Exposure Including Commitments

Some analysts publish a wider ratio that adds owner occupied loans and undrawn CRE commitments and divides by total equity. On that basis the picture shifts for lenders with large owner occupied or construction pipelines. ServisFirst Bank is at 309.2% on the guidance measure and 536.9% on the broad measure; ConnectOne Bank moves from 430.9% to 524.9%. Broad figures published elsewhere can differ from bank to bank by hundreds of millions of dollars depending on which commitment lines are counted, so we list ours by component in the method section and publish both ratios side by side.

Method and Sources

All data come from Consolidated Reports of Condition and Income (call reports) as published in the FDIC BankFind Suite. Guidance CRE is construction and land development loans (LNRECONS), multifamily loans (LNREMULT), nonfarm nonresidential loans not owner occupied (LNRENROT) and loans to finance commercial real estate not secured by real estate (LNCOMRE). The denominator is tier 1 capital (RBCT1) plus the allowance for loan and lease losses (LNATRES). The broad measure adds owner occupied nonfarm nonresidential loans (LNRENROW) and unused commitments to fund commercial real estate, construction and land development loans (UCCOMRE), divided by total equity capital (EQ). Growth compares guidance CRE at June 30, 2026 with June 30, 2023 for the same FDIC certificate. Large banks are those with total assets of $10 billion or more. The page is rebuilt each quarter when the FDIC posts new call report data, and figures are restated if a bank amends its filing.

This page reports regulatory data. A ratio at or above 300% is a supervisory review trigger, not a limit, a rating or a measure of loan quality, and nothing here is investment advice.

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Frequently Asked Questions

What is a bank’s CRE concentration ratio?

It is the bank’s commercial real estate loans, as defined in the 2006 interagency guidance, divided by its capital. The numerator counts construction and land development loans, multifamily loans, nonfarm nonresidential loans that are not owner occupied and loans to finance CRE that are not secured by real estate. The denominator used on this page is tier 1 capital plus the allowance for loan and lease losses. A bank with $1 of guidance CRE for every $1 of capital is at 100%. Regulators pay closer attention at 300%, especially when the portfolio has grown 50% or more in 36 months. As of June 30, 2026, the median bank over $10 billion in assets was at 188.2%, and half of all banks were below 128.6%. The ratio describes how much real estate risk a bank holds relative to its loss absorbing capital, not the quality of the individual loans.

Does a ratio above 300% stop a bank from making CRE loans?

No. The guidance explicitly does not set a limit. A bank above 300% is expected to show stronger board oversight, portfolio stress testing, market analysis and capital planning, and examiners review those practices more closely. In practice, many banks operate above the line for years. What changes is behavior at the margin: concentrated banks often prioritize existing borrowers, ask for deposit relationships and price new CRE requests to protect capital. At June 30, 2026, 390 banks were at or above 300%, and 84 were at or above 400%. Borrowers working with one of these lenders can usually still get a loan, but should expect more questions about deposits, sponsorship and the specific property than they would face at a bank with ample room.

Which large banks have the highest CRE exposure in 2026?

On June 30, 2026 call report data, the most concentrated banks with at least $10 billion in assets were Apple Bank at 436.7%, ConnectOne Bank at 430.9% and Provident Bank at 429.2%, followed by OceanFirst Bank, N.A. at 381.4%. Among banks with more than $50 billion in assets, Flagstar Bank, N.A. at 356.6%, Valley National Bank at 326.0% and Columbia Bank at 302.9% were at or above 300%. In total, 20 of the 165 large banks crossed the threshold. The national money center banks sit far lower, with JPMorgan Chase Bank, N.A. at 61.5% and Bank of America, N.A. at 45.7%. The full ranking above lists the 30 most concentrated large banks with their prior quarter ratio and their construction ratio.

Are bank CRE concentrations rising or falling?

Falling, gradually. The number of banks at or above 300% declined from 433 on March 31, 2025 to 390 on June 30, 2026, and banks at or above 400% fell from 106 to 84. The median large bank eased from 193.4% to 188.2%. Some of the decline reflects mergers, since the number of banks filing call reports fell from 4,536 to 4,313, and some reflects banks shrinking CRE books while capital grows. Construction concentrations have been flat, with 276 banks at or above 100% of capital in the latest quarter. The next update arrives when the FDIC posts September 30 call report data, and this page will be rebuilt on the same method.

How can borrowers use CRE concentration data when choosing a lender?

Use it as a capacity screen before making calls. A bank far above 300% may still lend, especially to existing customers, but a new borrower should expect tighter terms. A bank comfortably below the line with a growing CRE portfolio is more likely to compete for new business. Start with your state, since most CRE lending is local: the states with the most concentrated banks are CA (43), TX (33), NY (24), IL (23), WI (22), NJ (17). Then cross check this table against the fastest growing CRE bank lenders and the Best CRE Lenders rankings to find banks with both room and momentum. Bring deposit relationships to the conversation, because concentrated and unconcentrated banks alike reward borrowers who bring deposits.

Related: Best CRE Lenders 2026 · Fastest Growing CRE Bank Lenders · Best Construction Loan Lenders

PNC Bank, N.A. combines the balance sheet of a large national institution with a substantial commercial real estate operation. The Wilmington, Delaware bank had $609.8 billion in total assets, $369.5 billion in total loans and $47.1 billion in CRE loans as of June 30, 2026, according to the FDIC. Its CRE balance placed it among the country’s largest bank lenders by outstanding loans. PNC states that it provides acquisition, construction, interim and permanent financing for regional owners and operators, national developers, real estate funds and REITs. Its stated property coverage includes multifamily, office, industrial, retail, lodging and self-storage.

For borrowers, the clearest strengths are scale, broad property coverage and evidence of capacity for large transactions. Press reports during 2025 and 2026 identified PNC in construction, acquisition, refinance and permanent loans across several markets. Those announcements ranged from a $24.28 million apartment construction loan in Port Orchard, Washington, to a $492.7 million multifamily refinance in Long Island City, New York. Publicly reported transactions do not establish standard loan sizes or approval criteria, but they illustrate the types of assignments PNC has recently completed. The bank also states that it provides agency financing for multifamily and seniors housing, along with debt and equity capital for affordable housing.

PNC holds a $47.1 billion CRE portfolio led by investor property and multifamily loans

FDIC figures place PNC’s commercial real estate loan book at $47.1 billion as of June 30, 2026. That total ranks 6 of 4,167 banks nationally and 1 of 10 banks headquartered in Delaware. Investor nonfarm nonresidential loans are the largest component at $16.5 billion, representing 35.0% of CRE loans and ranking 7 nationally within that segment. Multifamily follows closely at $15.0 billion, or 31.8% of CRE, with a national segment rank of 4. Together, these balances show that income producing investment properties are central to PNC’s CRE exposure. They do not, however, indicate which individual properties, sponsors or markets the bank will approve for future financing.

Owner occupied real estate accounts for $10.4 billion, equal to 22.0% of PNC’s CRE portfolio, and ranks 9 nationally in that segment. Construction and land loans total $5.3 billion, or 11.2% of CRE loans, with a national segment rank of 12. The mix gives PNC meaningful exposure to both stabilized properties and development activity, while retaining a substantial owner occupied business. Total CRE loans represent 12.8% of the bank’s $369.5 billion loan portfolio. Investor CRE equals 0.58x equity, a measure borrowers can use to understand portfolio concentration rather than expected underwriting terms. PNC’s balance sheet mix supports its standing as a significant CRE lender, but FDIC holdings do not promise availability for any proposed transaction.

Source: FDIC Call Report as of June 30, 2026, schedule RC-C. FDIC record for PNC Bank, N.A..

CRE loans have grown since 2021 despite an uneven recent trend

PNC’s CRE portfolio stood at $35.1 billion on June 30, 2021, increased to $45.4 billion in 2022 and reached $45.8 billion in 2023. It then eased to $45.2 billion in 2024 and $41.2 billion in 2025 before rising to $47.1 billion in 2026. The change since June 30, 2021 is +34.1%, while the latest year over year change is +14.3%. PNC’s company reporting uses a different CRE classification from the FDIC figures. It reported $29.6 billion at December 31, 2025, $34.8 billion at March 31, 2026 and $36.0 billion at June 30, 2026. PNC also reported lower commercial real estate net loan charge-offs for full-year 2025 compared with 2024.

Recent financings show activity across loan purposes and property types

Recent press reports show PNC handling large multifamily assignments as well as office, retail and specialized property transactions. Reported 2026 deals include a $492.7 million refinance for the 812-unit 2-21 Malt Drive building in Long Island City and a $404 million refinance for The Archive, a 472-unit apartment building in New York. Construction financings included $92 million for the 299-unit 2121 Virginia Avenue development in Washington, DC, $92.3 million for a 380-unit apartment redevelopment in Doral and $84.5 million for the 366-unit Vybe 75 development in Miami. Press coverage also identified a $132 million permanent loan for the M Station West office building in Morristown and a $96 million acquisition loan for a Lahaina, Hawaii retail portfolio.

PNC says its real estate banking business provides acquisition, construction, interim and permanent financing across multifamily, office, industrial, retail, lodging and self-storage. Its stated client base includes regional owners and operators, national developers, real estate funds and REITs. Other reported activity supports the breadth of that description. Press reports identified a $50.9 million construction loan for the Aventura Plaza skilled nursing facility development and a $24.28 million construction loan for Ravine Ridge, a 138-unit garden apartment project. A construction loan was also reported for the 198-unit Mara by Vermella development, although no amount was announced. These examples indicate breadth, not standard pricing, leverage or execution terms.

Financings publicly announced by the bank, its borrowers or their advisors, as reported by the linked source. Not a complete record of the bank’s lending.

A broad branch footprint supports borrowers with substantial and complex needs

PNC has 2413 domestic offices and branches in 28 states. Its largest listed state presence by deposits is Pennsylvania, with 259 branches and $140.2 billion in deposits. Other substantial markets include New Jersey with 175 branches and $42.5 billion, Ohio with 216 branches and $39.6 billion, and Texas with 319 branches and $30.1 billion. The bank also has 148 branches and $23.4 billion in Illinois, 124 branches and $21.4 billion in Michigan, 196 branches and $21.0 billion in Florida, and 121 branches and $20.9 billion in Colorado. A branch footprint can support banking relationships, but it should not be treated as a commitment to lend in every location.

By CRE loan volume, PNC sits near U.S. Bank, N.A., which has $50.7 billion, and above Manufacturers and Traders Trust Company at $34.7 billion. Other banks with a broadly similar size and mix include Valley National Bank and TD Bank, N.A., each with $30.4 billion, Citizens Bank, N.A. with $26.9 billion, and Columbia Bank with $26.4 billion. PNC may fit established owners, developers, funds and REITs seeking a bank with substantial balance sheet capacity and multiple CRE financing channels. Borrowers should still confirm property eligibility, geography, structure and current appetite directly with the bank.

Peer banks with a similar CRE book

Frequently Asked Questions

Does PNC Bank make commercial real estate loans?

Yes. PNC Bank, N.A. held $47.1 billion in commercial real estate loans as of June 30, 2026, according to the FDIC. PNC states that it provides acquisition, construction, interim and permanent financing to regional owners and operators, national developers, real estate funds and REITs. Its stated property coverage includes multifamily, office, industrial, retail, lodging and self-storage. The bank also provides agency financing for multifamily and seniors housing, plus debt and equity capital for affordable housing.

How large is PNC Bank’s commercial real estate portfolio?

PNC Bank’s CRE portfolio totals $47.1 billion as of June 30, 2026. That balance represents 12.8% of its $369.5 billion loan portfolio and ranks 6 of 4,167 banks nationally. Investor nonfarm nonresidential loans are the largest category at $16.5 billion, followed by multifamily at $15.0 billion, owner occupied real estate at $10.4 billion, and construction and land at $5.3 billion. These are portfolio holdings, not indications of future loan availability or underwriting terms.

Does PNC Bank finance multifamily properties?

Yes. PNC states that it finances multifamily properties and provides agency financing for multifamily and seniors housing. The FDIC reports $15.0 billion of multifamily loans as of June 30, 2026, representing 31.8% of PNC’s CRE portfolio and ranking 4 nationally in that segment. Press reports also identified a $492.7 million refinance for an 812-unit Long Island City building and a $92 million construction loan for a 299-unit Washington, DC development. Individual terms and eligibility must be confirmed with the bank.

Does PNC Bank offer commercial construction loans?

Yes. Construction financing is part of PNC’s stated real estate banking focus. The bank held $5.3 billion in construction and land loans as of June 30, 2026, equal to 11.2% of its CRE portfolio. Press reports during 2026 identified construction loans for multifamily developments in Washington, DC, Miami, Doral, Belmar and Port Orchard, as well as a skilled nursing facility development in North Miami Beach. These announced transactions demonstrate activity but do not establish standard loan amounts, pricing, leverage or closing speed.

What type of borrower is a good fit for PNC Bank CRE lending?

PNC may fit established regional owners and operators, national developers, real estate funds and REITs, which are the client groups named by the bank. Its $47.1 billion CRE portfolio and recent publicly reported financings indicate capacity for substantial and complex transactions across several property types. Borrowers pursuing multifamily, office, industrial, retail, lodging, self-storage, seniors housing or affordable housing financing align with PNC’s stated focus. Suitability still depends on the property, sponsor, location, requested structure and the bank’s current credit appetite.

Related BestCRE lender research

BestCRE lender profiles are editorially independent and built from public regulatory filings and public announcements; no bank pays for a profile. Call report figures describe loans held on the bank’s balance sheet and do not show current terms or appetite. BestCRE is not a lender and is not affiliated with PNC Bank. See our Legal Disclaimer and Compensation Disclosure.

U.S. Bank, N.A., legally U.S. BANK NATIONAL ASSOCIATION, is a large national bank headquartered in Cincinnati, Ohio. Established in 1863 and held by U S Bcorp, it reported $705.6 billion in total assets and $413.3 billion in total loans as of June 30, 2026. Its $50.7 billion commercial real estate portfolio represented 12.3% of total loans. That scale places the bank among the largest CRE lenders in the country, with a national rank of 5 of 4,167 and a state rank of 2 of 152 banks headquartered in Ohio. The FDIC identifies the institution under certificate 6548.

For borrowers, U.S. Bank combines a substantial balance sheet with a broad stated mandate. The bank says it finances commercial real estate developers, owners, operators, investors and lenders through acquisition, construction, bridge and term loans, along with subscription, warehouse and agency credit lines and corporate facilities. Its stated property coverage includes multifamily, industrial, office, hospitality and retail. The bank also offers owner occupied and investment property loans for office, medical, industrial, warehouse, multifamily, retail and mixed use properties, including purchase, remodeling and refinancing transactions. Actual availability depends on the property, sponsor, structure, market and broader banking relationship.

U.S. Bank holds a $50.7 billion CRE portfolio led by investor property loans

The FDIC reported $50.7 billion of commercial real estate loans at U.S. Bank as of June 30, 2026. Investor nonfarm nonresidential loans were the largest component at $17.9 billion, representing 35.2% of CRE loans and ranking 4 nationally within that segment. Multifamily was next at $14.5 billion, or 28.5%, with a national segment rank of 5. Together, these categories show that income producing real estate forms the core of the bank’s reported CRE exposure. The figures describe loans held on the balance sheet, however, and do not establish which property types or structures the bank will approve for a new borrower.

Construction and land loans totaled $9.4 billion, equal to 18.5% of the CRE portfolio and ranking 4 nationally in that segment. Owner occupied CRE accounted for $9.0 billion, or 17.8%, and ranked 11 nationally. This mix gives U.S. Bank meaningful exposure across development, investment and operating company real estate rather than dependence on a single lending category. The bank’s investor CRE to equity ratio was 0.61x, while CRE loans overall represented 12.3% of total loans. Those measures provide useful context for concentration, but they should not be read as advertised underwriting limits, pricing guidance or a commitment to expand any category.

Source: FDIC Call Report as of June 30, 2026, schedule RC-C. FDIC record for U.S. Bank, N.A..

CRE lending has grown since 2021 while concentration remains moderate

U.S. Bank’s CRE loans rose from $36.4 billion at June 30, 2021 to $50.7 billion at June 30, 2026, a reported change of +39.4%. The path was uneven. Balances reached $37.6 billion in 2022 and $51.5 billion in 2023, then moved to $49.4 billion in 2024 and $46.0 billion in 2025 before increasing again in 2026. The latest year over year change was +10.2%. At December 31, 2025, U.S. Bancorp said multifamily represented 38% and office represented 9% of the portfolio by property class. It also reported that office properties continued to pressure CRE credit quality in 2025, with office allowance coverage at 9% at year end.

The bank states a broad CRE mandate but public deal disclosure is limited

BestCRE found no publicly announced CRE financings for 2025 or 2026, which is common for banks that do not publicize individual deals. The absence of announcements should not be interpreted as an absence of lending. U.S. Bank says it provides acquisition, construction, bridge and term financing to developers, owners, operators, investors and lenders. It also identifies subscription, warehouse and agency credit lines and corporate facilities within its CRE capabilities. For business banking customers, the bank describes loans for owner occupied and investment properties, covering purchase, remodeling and refinancing transactions. These statements establish a broad product scope, but they do not specify current rates, terms, leverage parameters or closing timelines.

U.S. Bank emphasizes strong sponsors, conservative leverage, high quality assets and broader banking relationships. In western markets, it says its focus is on large and institutional real estate sponsors and describes its approach as active but highly selective. The bank also requires business plans that remain viable under stress. In 2026, U.S. Bank integrated Built’s construction lending platform to accelerate draws and inspections and increase its capacity to manage commercial construction loans. That operational change supports construction administration, but it does not by itself indicate that a particular project will qualify or close within a stated period.

A broad branch network supports national borrowers with strong sponsor profiles

U.S. Bank operated 2097 domestic offices across 29 states. Its largest reported branch presence was California, with 563 branches and $115.1 billion in deposits. Other important markets included Ohio with 161 branches and $103.6 billion in deposits, Washington with 136 branches and $23.1 billion, Missouri with 129 branches and $24.2 billion, Oregon with 114 branches and $22.2 billion, Minnesota with 105 branches and $106.5 billion, Colorado with 102 branches and $19.6 billion, and Wisconsin with 90 branches and $33.8 billion. Branch distribution is not the same as CRE origination coverage, but it shows where the bank has substantial operating and deposit relationships.

At $50.7 billion of CRE loans, U.S. Bank is close in scale to Truist Bank at $51.0 billion and PNC Bank, N.A. at $47.1 billion. Its portfolio is larger than those of Manufacturers and Traders Trust Company at $34.7 billion, TD Bank, N.A. and Valley National Bank at $30.4 billion, and Citizens Bank, N.A. at $26.9 billion. The strongest fit is likely a borrower with a high quality asset, a durable stressed business plan, conservative leverage and interest in a broader banking relationship. Large and institutional sponsors are particularly aligned with the bank’s stated western market focus.

Peer banks with a similar CRE book

Frequently Asked Questions

Does U.S. Bank make commercial real estate loans?

Yes. U.S. Bank makes commercial real estate loans for acquisitions, construction, bridge and term financing. It also describes subscription, warehouse and agency credit lines and corporate facilities for CRE clients. The FDIC reported a $50.7 billion CRE portfolio as of June 30, 2026. Eligible property categories identified by the bank include multifamily, industrial, office, hospitality, retail, medical, warehouse and mixed use. Approval and structure depend on underwriting, the sponsor, the asset and the proposed business plan.

How large is U.S. Bank’s commercial real estate portfolio?

U.S. Bank held $50.7 billion in commercial real estate loans as of June 30, 2026. That amount represented 12.3% of its $413.3 billion total loan portfolio and ranked the bank 5 of 4,167 U.S. banks by CRE loans. Investor nonfarm nonresidential was the largest CRE segment at $17.9 billion, followed by multifamily at $14.5 billion. These FDIC balances measure loans held by the bank and do not indicate the amount available for new originations.

What types of commercial properties does U.S. Bank finance?

U.S. Bank identifies multifamily, industrial, office, hospitality and retail among its CRE property types. Its business banking materials also include medical, warehouse and mixed use properties, for both owner occupied and investment purposes. The reported portfolio supports that breadth: multifamily loans totaled $14.5 billion, owner occupied CRE totaled $9.0 billion, and construction and land loans totaled $9.4 billion as of June 30, 2026. The bank does not state that every property or transaction within these categories will qualify.

Is U.S. Bank active in construction lending?

Yes. U.S. Bank reported $9.4 billion in construction and land loans as of June 30, 2026, equal to 18.5% of its CRE portfolio and ranking 4 nationally in that segment. The bank states that construction financing is part of its commercial real estate offering. It also integrated Built’s construction lending platform in 2026 to accelerate draws and inspections and expand its capacity to manage commercial construction loans. Borrowers should still expect project, sponsor and stress testing review under the bank’s stated selective approach.

Which borrowers are the best fit for a U.S. Bank CRE loan?

Borrowers with strong sponsorship, high quality assets, conservative leverage and a durable business plan appear most aligned with U.S. Bank’s stated priorities. The bank also emphasizes broader banking relationships. In western markets, it specifically focuses on large and institutional real estate sponsors and describes itself as highly selective. Its scale can suit substantial transactions: U.S. Bank held $50.7 billion in CRE loans as of June 30, 2026. Smaller borrowers may still fit its owner occupied or investment property programs, but eligibility depends on underwriting.

Related BestCRE lender research

BestCRE lender profiles are editorially independent and built from public regulatory filings and public announcements; no bank pays for a profile. Call report figures describe loans held on the bank’s balance sheet and do not show current terms or appetite. BestCRE is not a lender and is not affiliated with U.S. Bank. See our Legal Disclaimer and Compensation Disclosure.

Truist Bank is a Charlotte, North Carolina based institution established in 1872 and owned by Truist Financial Corp. The bank reported $548.3 billion in total assets and $332.2 billion in total loans as of June 30, 2026. Its $51.0 billion commercial real estate portfolio makes it one of the largest bank CRE lenders in the country. CRE represents 15.4% of total loans, while investor CRE equals 0.53x equity. These measures describe the bank’s existing balance sheet, not the terms or availability of its next loan. Borrowers still need to confirm current appetite for their property, market, sponsorship and transaction structure directly with Truist.

The portfolio spans owner occupied properties, investor nonfarm nonresidential assets, multifamily and construction and land loans. Truist states that it supports most CRE asset classes, including multifamily, industrial, retail, office, hospitality and student housing, generally focusing on projects requiring more than $250,000. Its stated capabilities cover acquisition and development, construction, bridge to agency, bridge, mini permanent, permanent, redevelopment, repositioning and homebuilder financing. Recent announced transactions also show activity across acquisition, construction, permanent, bridge and refinance loans. For borrowers, that breadth makes Truist relevant across several stages of an asset’s business plan, although stated capabilities do not guarantee approval or indicate pricing.

Truist holds a $51.0 billion CRE book led by owner occupied properties

FDIC figures as of June 30, 2026 show $51.0 billion of total CRE loans at Truist Bank, placing it 4 of 4,167 banks nationally and 2 of 37 banks headquartered in North Carolina. Owner occupied real estate is the largest component at $17.8 billion, representing 34.9% of CRE loans and ranking 3 nationally in that segment. Investor nonfarm nonresidential loans follow closely at $17.0 billion, or 33.3% of the portfolio, with a national segment rank of 5. Together, these categories show that the bank’s CRE exposure is weighted toward operating businesses that own their premises and investors holding income producing commercial properties.

Multifamily accounts for $8.7 billion, equal to 17.0% of Truist’s CRE loans and ranking 9 nationally in the segment. Construction and land loans total $7.6 billion, or 14.9% of CRE, with a national rank of 7. The mix indicates meaningful exposure across stabilized and development lending rather than dependence on a single category. Truist reported that its combined CRE and commercial construction portfolios at June 30, 2025 were composed of 37% multifamily, 22% industrial, 13% office, 13% retail and 15% hotel and other CRE. Truist identified those combined portfolios as having potential for heightened risk, a neutral risk disclosure that borrowers should distinguish from any statement about current loan availability.

Source: FDIC Call Report as of June 30, 2026, schedule RC-C. FDIC record for Truist Bank.

CRE lending rebounded in 2026 but remains below 2021

Truist’s CRE portfolio stood at $56.1 billion on June 30, 2021, then declined to $51.9 billion in 2022 before rising to $52.7 billion in 2023. It subsequently moved down to $51.2 billion in 2024 and $48.6 billion in 2025, followed by a recovery to $51.0 billion in 2026. The change since June 30, 2021 is -9.1%, while the latest year over year movement is +4.9%. Truist separately said commercial loans grew by $15.6 billion during 2025, including a $3.4 billion increase in its CRE portfolio attributed to higher production. The current balance therefore reflects a recent return to growth after several years of overall contraction, while CRE remains 15.4% of the bank’s total loan book.

Recent financings demonstrate broad structures and a strong multifamily presence

Recent announcements show Truist financing acquisitions, construction, permanent loans, bridge loans and refinancings. In March 2026, the press reported an $87 million acquisition loan for Eastline Residences, a 330-unit multifamily tower in Dallas, and $68 million of construction financing plus $48 million of permanent financing for Arbor Ranch, a 297-unit affordable multifamily development in Denton. A broker announced a $40 million construction loan for the 89-unit Morristown Station project in January 2026. Other announced transactions include a $96.8 million construction loan for Prescott Post, a $100 million refinance of an industrial outdoor storage portfolio and a $430 million acquisition loan for grocery anchored retail centers. These examples establish recent activity, but they do not define universal loan sizes, terms or approval standards.

Truist says its commercial real estate group supports multifamily, industrial, retail, office, hospitality and student housing. For private real estate investors, the bank identifies multifamily, warehouse, retail and office properties, with acquisition, refinancing, bridge, interim, mini permanent, renovation and cash out financing available nationwide. Announced transactions reinforce the breadth of that description. A broker reported a $55 million bridge refinancing for 403 West in Raleigh, while another announced a $140 million refinancing for Shoregate in Bay Shore. The press also reported acquisition financing for a luxury mixed use property in Brooklyn. Borrowers should treat these transactions as evidence of executed lending activity, not as advertised rate, leverage or closing speed commitments.

Financings publicly announced by the bank, its borrowers or their advisors, as reported by the linked source. Not a complete record of the bank’s lending.

Truist combines a southeastern branch base with nationwide CRE capabilities

Truist operates 1931 domestic offices across 18 states, with its largest branch concentrations in Florida, North Carolina, Virginia and Georgia. Florida has 441 branches, North Carolina has 276, Virginia has 259 and Georgia has 203. Reported deposits are deepest in North Carolina at $117.7 billion, followed by Florida at $74.5 billion and Georgia at $68.7 billion. The footprint also includes substantial branch networks in Maryland, Pennsylvania, Tennessee and South Carolina. Recent announced financings extend beyond those core markets to Texas, New Jersey, New Hampshire, Massachusetts and New York. That combination supports Truist’s stated nationwide lending capability for private real estate investors, although borrowers should confirm whether a specific team is active in their market and asset class.

By CRE loan volume, Truist is larger than comparable institutions including PNC Bank, N.A. at $47.1 billion, First-Citizens Bank & Trust Company at $38.8 billion and The Huntington National Bank at $37.9 billion. BestCRE views Truist as a plausible fit for established owners, developers and operating businesses seeking a bank with substantial CRE capacity and experience across several financing structures. The strongest alignment appears to be with borrowers whose needs fall within Truist’s stated asset classes and generally exceed $250,000. Fit will still depend on sponsorship, property performance, market exposure, structure and the bank’s current portfolio priorities.

Peer banks with a similar CRE book

Frequently Asked Questions

Does Truist Bank make commercial real estate loans?

Yes. Truist Bank held $51.0 billion in commercial real estate loans as of June 30, 2026, ranking 4 of 4,167 banks nationally. Truist states that it supports most CRE asset classes, including multifamily, industrial, retail, office, hospitality and student housing. Its stated capabilities include acquisition and development, construction, bridge, mini permanent, permanent, redevelopment and repositioning financing. Actual availability and structure depend on the property, borrower, market and the bank’s current lending priorities.

What types of commercial properties does Truist finance?

Truist identifies multifamily, industrial, retail, office, hospitality and student housing among its supported property types. For private real estate investors, it specifically names multifamily, warehouse, retail and office properties. The bank’s balance sheet includes $17.8 billion of owner occupied CRE, $17.0 billion of investor nonfarm nonresidential loans, $8.7 billion of multifamily loans and $7.6 billion of construction and land loans. Those balances show historical exposure, but do not guarantee that Truist will finance every property type or transaction.

Does Truist offer construction and bridge financing?

Yes. Truist lists construction, bridge, bridge to agency, interim and mini permanent financing among its capabilities. Public announcements provide recent examples, including a $68 million construction loan for Arbor Ranch in March 2026 and a $55 million bridge refinancing for 403 West in December 2025. A broker also announced a $96.8 million construction loan for Prescott Post. These transactions demonstrate activity in those structures, but they do not establish standard pricing, leverage, recourse, term or execution speed for another borrower.

Where does Truist make commercial real estate loans?

Truist states that it offers commercial real estate financing nationwide for private real estate investors. Its physical network includes 1931 domestic offices across 18 states, with major concentrations in Florida, North Carolina, Virginia and Georgia. Announced financings include properties in Texas, New Jersey, North Carolina, New Hampshire, Massachusetts and New York. Geographic coverage can vary by property type, transaction structure and lending team, so borrowers should confirm whether Truist is actively pursuing loans in the relevant market.

What commercial real estate loan rates does Truist offer?

Truist does not state a universal CRE loan rate in the information reviewed by BestCRE. Market benchmarks as of Oct 27, 2026 were a 7.00% Prime rate, 3.89% SOFR, 4.82% 5 year Treasury and 5.00% 10 year Treasury. These are reference rates, not Truist loan quotes. A borrower’s actual pricing may depend on the selected structure and the bank’s underwriting. Borrowers should request a current proposal directly from Truist and compare the benchmark, spread, fees and other material terms.

Related BestCRE lender research

BestCRE lender profiles are editorially independent and built from public regulatory filings and public announcements; no bank pays for a profile. Call report figures describe loans held on the bank’s balance sheet and do not show current terms or appetite. BestCRE is not a lender and is not affiliated with Truist Bank. See our Legal Disclaimer and Compensation Disclosure.

Bank of America, N.A. combines a large balance sheet, a broad branch network and a CRE portfolio that ranks among the largest in the country. The FDIC reported $2.65 trillion in total assets, $1.21 trillion in total loans and $79.9 billion in commercial real estate loans as of June 30, 2026. CRE represented 6.6% of total loans. That relatively modest share indicates that real estate is one part of a highly diversified lending operation, even though the absolute CRE balance is substantial. The bank operates 3598 domestic offices and has branches in 39 states, giving borrowers access to an institution with a wide geographic presence.

The portfolio spans investor properties, owner occupied real estate, construction and land, and multifamily loans. Bank of America says its corporate CRE team supports sophisticated local, multi-property and national investments across retail, office, industrial, multifamily and real estate investment trusts. It separately offers owner-occupied business real estate financing for purchases, refinancing, facility expansion or remodeling, and borrowing against equity in property owned free and clear. Publicly announced transactions also show participation in large construction loans, refinancings and CMBS executions. These capabilities make the bank most relevant to established businesses, institutional sponsors and property owners whose financing needs fit a large national banking platform.

Bank of America holds a large and diversified CRE book

Bank of America held $79.9 billion of CRE loans as of June 30, 2026, placing it 3 of 4,167 banks nationally. It ranked 1 of 37 banks headquartered in North Carolina. Investor nonfarm nonresidential loans formed the largest category at $37.1 billion and 46.4% of the CRE portfolio, with a national segment rank of 3. Owner occupied loans were the next largest category at $24.7 billion and 30.9%, ranking 1 nationally in that segment. Together, these balances show that the portfolio is oriented primarily toward income-producing commercial properties and real estate used by operating businesses. Borrowers should still treat these holdings as evidence of historical lending activity, not as a commitment to finance any particular property or transaction.

Construction and land loans totaled $9.7 billion, representing 12.1% of CRE loans and ranking 3 nationally in the segment. Multifamily loans totaled $8.5 billion, or 10.6%, with a national segment rank of 10. The mix indicates meaningful activity across each major FDIC CRE category, but multifamily is a smaller component than investor nonfarm nonresidential or owner occupied lending. CRE represented 6.6% of the bank’s $1.21 trillion loan portfolio, while investor CRE equaled 0.23x equity. These measures place the $79.9 billion CRE book within a much larger and more diversified institution. They do not establish current underwriting standards, pricing, leverage or loan availability, which depend on the bank’s assessment of a borrower and transaction.

Source: FDIC Call Report as of June 30, 2026, schedule RC-C. FDIC record for Bank of America, N.A..

CRE balances have risen since 2021 without dominating total lending

At each June 30 reporting date, Bank of America’s CRE balance was $73.3 billion in 2021, $73.8 billion in 2022 and $78.5 billion in 2023. It then declined to $76.9 billion in 2024 and $75.3 billion in 2025 before rising to $79.9 billion in 2026. The latest balance was up +6.1% year over year and +9.0% since June 2021. The path shows expansion over the full period, interrupted by consecutive annual declines before the 2026 increase. At 6.6% of total loans, CRE remains a limited share of the overall loan book. Investor CRE to equity was 0.23x, another useful measure of concentration at the institution level.

Recent financings show capacity for large and complex transactions

Press reports identify Bank of America in several substantial financings. In 2026, these included a $2.05 billion refinancing of three QTS multi-tenant data center campuses for Blackstone, a $245 million refinancing of 1105 West Peachtree for Selig Enterprises and Florida SBA, and a $1.6 billion construction loan for Related Companies and Oxford Properties Group at 70 Hudson Yards. The press also reported a refinancing of 30 Hudson Yards for Related Companies, without disclosing an amount. In 2025, reported transactions included the $2.85 billion refinancing of The Spiral, the $1.5 billion refinancing of the MetLife Building and the $1.13 billion refinancing of 3 Bryant Park. These announcements illustrate transaction experience but do not establish standard loan sizes or future credit appetite.

Other reported financings covered a $195 million hotel construction loan in Inglewood, a $465 million Boston refinancing, a $43 million luxury residential construction loan in Miami and a $425 million mixed-use construction loan in Frisco. Bank of America’s CRE banking team originated $24 billion during 2025, while its CMBS team originated $10.6 billion, including $8.4 billion of single-asset, single-borrower loans, according to the press. The bank also says its Community Development Banking group financed 87 developments representing more than 11,000 affordable units during 2025. This stated and reported activity points to capabilities across corporate CRE, securitized lending, owner occupied property and affordable housing.

Financings publicly announced by the bank, its borrowers or their advisors, as reported by the linked source. Not a complete record of the bank’s lending.

A broad footprint favors established borrowers with substantial needs

Bank of America has branches in 39 states, with particularly large networks in California, Florida and Texas. California had 686 branches and $452.5 billion of deposits, Florida had 414 branches and $170.3 billion, and Texas had 313 branches and $199.8 billion. Other major markets included New York with 251 branches and $127.5 billion, New Jersey with 179 branches and $73.4 billion, Massachusetts with 146 branches and $100.4 billion, Georgia with 130 branches and $55.9 billion, and North Carolina with 109 branches and $304.7 billion. Branch presence does not prove CRE lending availability in every market, but it shows extensive operating coverage in several major commercial property states.

The bank’s $79.9 billion CRE portfolio sits below Wells Fargo Bank, N.A. at $121.6 billion and above Truist Bank at $51.0 billion, U.S. Bank, N.A. at $50.7 billion and PNC Bank, N.A. at $47.1 billion. Bank of America is likely to merit consideration from sophisticated local sponsors, national property owners, multi-property investors and established operating businesses seeking owner occupied financing. Its announced transactions also make it relevant for borrowers pursuing large construction, refinancing or CMBS executions. Fit cannot be determined from portfolio balances alone, however. Borrowers still need direct confirmation of property eligibility, market appetite, structure, pricing and underwriting requirements.

Peer banks with a similar CRE book

Frequently Asked Questions

Does Bank of America make commercial real estate loans?

Yes. Bank of America held $79.9 billion of commercial real estate loans as of June 30, 2026. The bank says its corporate CRE team supports sophisticated local, multi-property and national investments across retail, office, industrial, multifamily and real estate investment trusts. It also offers owner-occupied business real estate financing for property purchases, refinancing, expansion, remodeling and borrowing against equity in property owned free and clear. Availability and terms remain subject to the bank’s review of each borrower and transaction.

How large is Bank of America’s commercial real estate portfolio?

Bank of America’s CRE portfolio totaled $79.9 billion as of June 30, 2026. That ranked 3 of 4,167 banks nationally and 1 of 37 banks headquartered in North Carolina. CRE accounted for 6.6% of the bank’s $1.21 trillion in total loans. Investor nonfarm nonresidential loans were the largest CRE segment at $37.1 billion, followed by $24.7 billion of owner occupied loans, $9.7 billion of construction and land loans, and $8.5 billion of multifamily loans.

Does Bank of America finance construction projects?

Yes. Construction and land loans totaled $9.7 billion, or 12.1% of Bank of America’s CRE portfolio, as of June 30, 2026. Press reports identified the bank in a $1.6 billion construction loan for 70 Hudson Yards, a $425 million construction loan for Fields West, a $195 million hotel construction loan at Hollywood Park and a $43 million luxury residential construction loan in Miami. These transactions demonstrate experience but do not define minimum loan amounts, leverage or current approval standards.

Does Bank of America finance owner occupied commercial property?

Yes. Bank of America says it offers financing to purchase or refinance owner-occupied business property, expand or remodel facilities, or borrow against equity in property owned free and clear. The FDIC reported $24.7 billion of owner occupied CRE loans as of June 30, 2026, equal to 30.9% of the bank’s CRE portfolio. Bank of America ranked 1 nationally in this segment. Borrowers should ask the bank directly about current eligibility, collateral, pricing and underwriting requirements for their specific property.

Is Bank of America reducing its exposure to troubled office loans?

Yes, according to the bank’s filings. Criticized office exposure fell 32 percent during 2025 to $3.5 billion, then declined another 10 percent to $3.1 billion at March 31, 2026. Office loans declined 17 percent to $12.45 billion at December 31, 2025. CRE net charge-offs declined to $491 million, driven by improvement in office loans. Nonperforming CRE loans also declined from $1.964 billion at June 30, 2025 to $1.068 billion at June 30, 2026.

Related BestCRE lender research

BestCRE lender profiles are editorially independent and built from public regulatory filings and public announcements; no bank pays for a profile. Call report figures describe loans held on the bank’s balance sheet and do not show current terms or appetite. BestCRE is not a lender and is not affiliated with Bank of America. See our Legal Disclaimer and Compensation Disclosure.

Wells Fargo Bank, N.A. combines one of the country’s largest commercial real estate loan portfolios with an extensive national banking footprint. The FDIC reported $1.91 trillion in total assets, $997.8 billion in total loans, and $121.6 billion in CRE loans as of June 30, 2026. CRE represented 12.2% of the loan portfolio. That scale places Wells Fargo 2 of 4,167 banks nationally by CRE loans and 1 of 55 banks headquartered in South Dakota. For borrowers, the figures establish Wells Fargo as a large, diversified lender, but they do not indicate that every property, market, or transaction will meet the bank’s current underwriting standards.

The bank describes an integrated CRE platform serving financial sponsors, institutional investors, asset managers, regional developers, and public and private corporations. Its stated property expertise covers retail, industrial, office, affordable housing, multifamily, manufactured housing, senior housing, hospitality, and homebuilders. Wells Fargo says its on-balance-sheet financing includes construction, acquisition, bridge, repositioning, mini-perm, and permanent loans from $1 million to more than $500 million. Recent publicly announced transactions also show participation in substantially larger refinancings, including loans involving prominent institutional borrowers. Those announcements illustrate execution history, not generally available pricing or a commitment to lend on comparable terms.

The $121.6 billion CRE book is led by investor property loans

The FDIC reported that Wells Fargo held $121.6 billion in total CRE loans as of June 30, 2026. Investor nonfarm nonresidential lending was the largest component at $64.8 billion, representing 53.3% of CRE loans and ranking 1 nationally in that segment. Multifamily was next at $26.5 billion, or 21.8%, with a national segment rank of 3. Owner occupied CRE totaled $17.8 billion, or 14.7%, and ranked 2 nationally. Construction and land loans were $12.5 billion, equal to 10.2% of the CRE portfolio, also ranking 2 nationally. The mix demonstrates meaningful activity across income property, business occupied real estate, development, and apartment lending, while showing that investor nonfarm nonresidential assets account for the majority of the portfolio.

CRE loans represented 12.2% of Wells Fargo’s $997.8 billion total loan portfolio. Investor CRE loans equaled 0.61x equity, a measure borrowers can use to understand the bank’s exposure relative to its capital base. These portfolio measures describe loans already held and should not be read as current credit policy. Still, Wells Fargo’s national positions across each major FDIC segment indicate a platform with substantial experience in varied transaction structures and property categories. Its largest concentration is investor nonfarm nonresidential lending, a broad regulatory category that includes income producing commercial properties outside multifamily. Borrowers should evaluate fit using the specific property type, sponsorship, business plan, requested structure, and market, rather than relying only on the bank’s overall CRE scale.

Source: FDIC Call Report as of June 30, 2026, schedule RC-C. FDIC record for Wells Fargo Bank, N.A..

CRE balances have declined since 2021 while portfolio quality measures improved

At each June 30 reporting date, Wells Fargo’s CRE portfolio rose from $127.7 billion in 2021 to $139.3 billion in 2022 and $140.1 billion in 2023. It then declined to $132.9 billion in 2024 and $121.3 billion in 2025 before edging up to $121.6 billion in 2026. The change since June 2021 was -4.8%, while the latest year-over-year change was +0.3%. Wells Fargo separately reported that CRE loans declined by $4.2 billion during 2025 because paydowns exceeded originations and advances, ending that year at $132.3 billion. The bank also said criticized CRE mortgage loans declined to $13.4 billion from $17.8 billion, mainly due to improvements in apartment, office, and hotel or motel loans.

Recent financings show institutional scale across major property types

Press and industry reports identify Wells Fargo in several large recent financings. In 2026, reported transactions included a $915 million refinance of Blackstone BioMed Realty’s 585 Kendall Street life-science building in Cambridge, a $190 million refinance of the Ink Block and 7INK multifamily properties in Boston, a $130 million refinance of a Chicago-area industrial portfolio, and a $53.5 million refinance of the Doral Center office campus. In 2025, reported activity included Blackstone’s $3.15 billion Stuyvesant Town-Peter Cooper Village refinance, its $1.8 billion refinance covering approximately 80 office and industrial properties across 11 states, and a $1 billion refinance of The Wharf in Washington, DC. The press also reported office, retail, industrial, multifamily, mixed-use, acquisition, and construction transactions.

Wells Fargo states that it provides on-balance-sheet construction, acquisition, bridge, repositioning, mini-perm, and permanent financing from $1 million to more than $500 million across all major property types. Its specialized coverage includes retail, industrial, office, affordable housing, multifamily, manufactured housing, senior housing, hospitality, and homebuilders. At September 30, 2026, the bank reported office CRE loans of $18.6 billion, down from $23.7 billion a year earlier, while industrial and warehouse loans increased to $29.7 billion from $23.9 billion. These changes clarify the direction of the held portfolio but do not establish future approval preferences.

Financings publicly announced by the bank, its borrowers or their advisors, as reported by the linked source. Not a complete record of the bank’s lending.

A broad footprint and institutional platform favor established borrowers

Wells Fargo had 4161 domestic offices and branches in 40 states. Its largest listed branch presence was California with 769 branches, followed by Florida with 458 and Texas with 457. Other significant markets included North Carolina with 217 branches, Georgia with 179, Minnesota with 123, New York with 87, and South Dakota with 30. Deposits were particularly large in South Dakota at $464.8 billion and California at $304.4 billion. A branch location is not evidence of local CRE appetite, but the footprint supports relationships across many major markets. Recent announced financings in Massachusetts, Illinois, Florida, New York, California, and Washington, DC, together with national portfolios, further illustrate geographic reach beyond the bank’s Sioux Falls, South Dakota headquarters.

By CRE loan volume, Wells Fargo’s $121.6 billion portfolio sits between JPMorgan Chase Bank, N.A. at $179.8 billion and Bank of America, N.A. at $79.9 billion. Wells Fargo says its integrated platform focuses on financial sponsors, institutional investors, asset managers, regional developers, and public and private corporations. That stated client focus, combined with the scale of announced transactions, suggests the clearest fit is for experienced borrowers seeking a lender capable of handling complex or substantial assignments. The stated range beginning at $1 million also leaves room for smaller transactions, although availability depends on property, sponsorship, structure, and current underwriting.

Peer banks with a similar CRE book

Frequently Asked Questions

Does Wells Fargo Bank make commercial real estate loans?

Yes. Wells Fargo Bank, N.A. makes commercial real estate loans and held $121.6 billion of them as of June 30, 2026. The bank states that it offers on-balance-sheet construction, acquisition, bridge, repositioning, mini-perm, and permanent financing across all major property types. Its stated financing range is $1 million to more than $500 million. Actual availability, structure, and approval depend on the proposed property, borrower, market, and underwriting at the time of application.

How large is Wells Fargo’s commercial real estate portfolio?

Wells Fargo held $121.6 billion in CRE loans as of June 30, 2026, according to the FDIC. That total represented 12.2% of the bank’s $997.8 billion loan portfolio and ranked 2 of 4,167 banks nationally. Investor nonfarm nonresidential loans were the largest component at $64.8 billion. Multifamily totaled $26.5 billion, owner occupied CRE totaled $17.8 billion, and construction and land loans totaled $12.5 billion.

What types of commercial properties does Wells Fargo finance?

Wells Fargo states that its specialized property lending covers retail, industrial, office, affordable housing, multifamily, manufactured housing, senior housing, hospitality, and homebuilders. Its FDIC portfolio included $26.5 billion of multifamily loans and $12.5 billion of construction and land loans as of June 30, 2026. Recent publicly reported transactions involved life science, industrial, office, apartment, retail, mixed-use, and affordable housing properties. Those transactions demonstrate prior activity but do not guarantee financing for a similar property.

Where does Wells Fargo provide commercial real estate loans?

Wells Fargo operates across a broad national footprint, with branches in 40 states and 4161 domestic offices. Its largest listed branch networks include California with 769 branches, Florida with 458, and Texas with 457. Recent announced financings involved properties in Massachusetts, Illinois, Florida, New York, California, and Washington, DC, as well as portfolios spanning multiple states. Branch coverage and past transactions indicate reach, but neither establishes that the bank is currently lending on every property type in every market.

What interest rate does Wells Fargo charge for a CRE loan?

Wells Fargo does not state a single CRE loan rate in its described lending focus. Pricing depends on the transaction and may reference market benchmarks. As of Oct 27, 2026, the Prime rate was 7.00%, SOFR was 3.89%, the 5 year Treasury was 4.82%, and the 10 year Treasury was 5.00%. These are benchmarks, not quoted Wells Fargo loan rates. Borrowers need a transaction-specific proposal to determine the applicable index, spread, fees, amortization, and other terms.

Related BestCRE lender research

BestCRE lender profiles are editorially independent and built from public regulatory filings and public announcements; no bank pays for a profile. Call report figures describe loans held on the bank’s balance sheet and do not show current terms or appetite. BestCRE is not a lender and is not affiliated with Wells Fargo Bank. See our Legal Disclaimer and Compensation Disclosure.

JPMorgan Chase Bank, N.A. is a major commercial real estate lender with national reach and particular strength in multifamily finance. The Columbus, Ohio based bank reported $4.09 trillion in total assets, $1.56 trillion in total loans and $179.8 billion in CRE loans as of June 30, 2026. Its CRE balance ranked 1 of 4,167 FDIC insured banks nationally and 1 of 152 banks headquartered in Ohio. The bank operates 5,176 domestic offices across 49 states. For borrowers, that scale supports consideration for substantial transactions, but the bank’s own statements indicate a selective strategy centered on leading developers and investors, stabilized assets and market segments viewed as less volatile through economic cycles.

The portfolio is not evenly distributed across property and loan categories. Multifamily accounts for $107.3 billion and 59.7% of total CRE loans, making it the defining concentration. Investor nonfarm nonresidential loans contribute $39.4 billion, while construction and land loans total $18.8 billion. Owner occupied CRE is the smallest reported segment at $14.4 billion. Recent publicly announced transactions show JPMorgan participating in large construction, acquisition and refinancing assignments, especially in New York, NY. Those transactions demonstrate capacity, not standard loan terms or a commitment to finance similar properties. Borrowers should therefore evaluate the bank based on sponsor quality, asset stability, market depth and relationship fit rather than portfolio size alone.

The $179.8 billion CRE book is led by multifamily

FDIC figures as of June 30, 2026 show $179.8 billion of commercial real estate loans at JPMorgan Chase Bank, N.A., equal to 11.5% of its $1.56 trillion loan portfolio. That balance makes the bank the national leader, ranking 1 of 4,167 banks by total CRE loans. It also ranks 1 of 152 banks headquartered in Ohio. The CRE allocation is meaningful in absolute terms but represents a limited share of the bank’s broad lending operation. Investor CRE equals 0.48x equity, another indication that commercial property exposure sits within a highly diversified institution. Borrowers can read the balance sheet as evidence of extensive CRE activity and capacity, though FDIC holdings do not establish the products, pricing, leverage or execution timetable available for a new request.

Multifamily is the core of the portfolio, with $107.3 billion outstanding, 59.7% of all CRE loans and the top national position in that segment. Investor nonfarm nonresidential lending is next at $39.4 billion, representing 21.9% of CRE and ranking second nationally. Construction and land loans total $18.8 billion, or 10.4%, and rank first nationally. Owner occupied loans account for $14.4 billion, or 8.0%, with a national rank of 5. The mix suggests that rental housing and investor real estate are much more prominent in the existing book than owner occupied property. It does not mean the bank will approve every asset within those categories, since portfolio balances describe loans held rather than current credit criteria.

Source: FDIC Call Report as of June 30, 2026, schedule RC-C. FDIC record for JPMorgan Chase Bank, N.A..

CRE balances have grown 44.4% since June 30, 2021

JPMorgan’s CRE portfolio increased from $124.6 billion at June 30, 2021 to $179.8 billion at June 30, 2026, a change of +44.4%. The path was uneven. Loans reached $129.7 billion in 2022, rose to $168.9 billion in 2023, and then moved to $169.4 billion in 2024 and $171.9 billion in 2025. The latest balance represents a +4.6% year over year change. JPMorgan also reported that CRE originations increased by more than 80 percent during 2025. Growth therefore continued while multifamily remained the principal concentration. The bank says its commercial term lending business focuses primarily on stabilized Class B and C multifamily properties in supply constrained markets, supported by conservative underwriting. That stated focus helps explain the portfolio mix, although it is not a promise of approval for a particular borrower or property.

Recent financings show capacity for large and complex transactions

Public announcements and press reports show JPMorgan involved in several substantial financings. BXP announced a $1,200 million construction loan for the 343 Madison Avenue office tower in New York, NY in 2026-07. The press reported JPMorgan and Ares leading a $525 million refinance of the One High Line condominium project in 2026-01. Other reported transactions include a $565 million construction financing with Sculptor Real Estate for The Residences at 1428 Brickell in Miami, FL, a $425 million construction loan for Fields West in Frisco, TX, and a $225 million refinance with Monroe Capital for Slate Hallandale Beach in Hallandale Beach, FL. These assignments span offices, condominiums, apartments and mixed use development. Several involved additional capital providers, so the announced amount should not be interpreted automatically as JPMorgan’s individual funded exposure.

The largest listed recent financing was the $2,850 million refinancing of The Spiral in New York, NY, announced by Tishman Speyer in 2025-01. The press also reported JPMorgan and Citibank financing the Seagram Building with a $1,200 million refinance in 2025-02. JPMorgan says its CRE strategy emphasizes leading developers and investors, stabilized properties and less volatile, cycle resistant segments. Its executives said in late 2025 that the bank had added resources for growth while retaining a broad approach to property types and opportunities. In 2026, the bank also committed to deploying more than $750 billion through 2035 for housing supply and homeownership, including financing one million affordable units.

Financings publicly announced by the bank, its borrowers or their advisors, as reported by the linked source. Not a complete record of the bank’s lending.

National reach favors established borrowers with strong assets

JPMorgan has branches in 49 states, giving it a broader physical footprint than most CRE lenders. Its largest listed branch presence is California with 857 branches, while New York has 576 branches and $970.3 billion in deposits. Texas has 489 branches and $308.3 billion in deposits, and Florida has 431 branches and $79.0 billion. Other substantial markets include Illinois, Michigan, Arizona and Ohio. Branch distribution does not define the bank’s CRE lending territory, but it shows deep operating infrastructure in several major property markets. The recent financing record is especially concentrated in New York, NY, with additional transactions in Florida and Texas. Borrowers outside those markets may still have access to a national institution, but the available facts do not establish geographic eligibility for any specific loan request.

Among banks with a broadly comparable scale and CRE mix, Wells Fargo Bank, N.A. held $121.6 billion in CRE loans, compared with JPMorgan’s $179.8 billion. JPMorgan is therefore distinctive for the absolute size of its book and its leading multifamily position. The clearest fit is likely an established developer or investor seeking financing for a substantial, well located property, particularly stabilized multifamily or another asset supported by durable demand. Large construction and refinancing announcements also show that the bank considers complex assignments for prominent sponsors. Smaller borrowers, transitional projects and owner occupied properties should not infer rejection from the portfolio mix, but they have less evidence of strategic emphasis and should expect the bank to assess sponsor strength, property quality and market resilience.

Peer banks with a similar CRE book

Frequently Asked Questions

Does JPMorgan Chase make commercial real estate loans?

Yes. JPMorgan Chase Bank, N.A. held $179.8 billion in commercial real estate loans as of June 30, 2026, ranking 1 of 4,167 FDIC insured banks nationally. Its portfolio includes multifamily, construction and land, owner occupied real estate and investor nonfarm nonresidential loans. The balance sheet confirms substantial CRE lending activity, while recent announcements and press reports document construction, acquisition and refinancing transactions. Those holdings and examples do not establish the terms, pricing, leverage or approval standards that would apply to a new borrower.

Is JPMorgan Chase a major multifamily lender?

Yes. Multifamily is JPMorgan’s largest CRE segment at $107.3 billion, representing 59.7% of its commercial real estate portfolio as of June 30, 2026. The bank ranked first nationally in the segment and describes itself as the largest multifamily lender. JPMorgan says its commercial term lending activity focuses primarily on stabilized Class B and C properties in supply constrained markets, using conservative underwriting. It also announced a commitment to finance one million affordable units as part of a broader housing initiative running through 2035.

Does JPMorgan Chase finance commercial real estate construction?

Yes. JPMorgan held $18.8 billion in construction and land loans as of June 30, 2026, equal to 10.4% of its CRE portfolio and the top national balance in that segment. Announced transactions include the $1,200 million construction loan for 343 Madison Avenue, the $565 million financing with Sculptor Real Estate for The Residences at 1428 Brickell, and the $425 million Fields West construction loan. These examples show large project capacity, but they do not establish generally available terms or indicate that similar developments will qualify.

Where does JPMorgan Chase make commercial real estate loans?

JPMorgan has national reach, with 5,176 domestic offices and branches in 49 states. The available branch figures show particularly large networks in California, New York, Texas and Florida. Recent announced financings were concentrated in New York, NY, with additional transactions in Miami, FL, Hallandale Beach, FL and Frisco, TX. Branch locations and past transactions do not establish formal lending boundaries. A borrower should confirm whether the relevant lending team covers the property’s location and whether the asset, sponsor and transaction fit the bank’s current priorities.

What type of borrower is the best fit for JPMorgan Chase CRE financing?

Established developers and investors appear to be the clearest fit. JPMorgan says its CRE strategy emphasizes leading sponsors, stabilized properties and less volatile, cycle resistant market segments. Its $107.3 billion multifamily portfolio also points to particular depth in rental housing, especially stabilized Class B and C properties in supply constrained markets. Publicly announced financings feature prominent sponsors and substantial assets, including office towers, apartment properties, condominium developments and mixed use projects. Portfolio composition is not an eligibility policy, so borrowers should not treat these characteristics as formal minimum requirements.

Related BestCRE lender research

BestCRE lender profiles are editorially independent and built from public regulatory filings and public announcements; no bank pays for a profile. Call report figures describe loans held on the bank’s balance sheet and do not show current terms or appetite. BestCRE is not a lender and is not affiliated with JPMorgan Chase Bank. See our Legal Disclaimer and Compensation Disclosure.

Pennsylvania’s leading construction lenders vary substantially in portfolio size and composition. The 20 banks in the table hold $9.3 billion in construction and land loans within $65.5 billion of total CRE loans. Their combined portfolios also include $11.5 billion of multifamily loans, $15.8 billion of owner occupied loans and $28.9 billion of investor nonfarm nonresidential loans. BestCRE ranks the banks by construction, land development and other land loans reported on schedule RC-C of the FDIC Call Reports as of June 30, 2026. The ranking includes only banks headquartered in Pennsylvania.

The construction ranking differs from BestCRE’s main Pennsylvania bank ranking, which is based on total CRE loans. First National Bank of Pennsylvania leads this table with $2.7 billion in construction and land loans and $12.0 billion in total CRE loans. Fulton Bank, N.A. has the second largest construction balance at $884.6 million, while Dollar Bank, Federal Savings Bank reports $606.9 million. Pennsylvania had 108 headquartered banks with $88.9 billion in total CRE loans. Their CRE balances increased +6.1% year over year, and the top five held 40.6% of that total.

Pennsylvania banks ranked by construction and land loans

Source: FDIC Call Reports as of June 30, 2026 (schedule RC-C). Dollar figures in millions. Change, 1 year compares total CRE loans with June 30, 2025. Bank names link to each bank’s FDIC record. Table shows the top 20 of 103 banks headquartered in Pennsylvania that hold this loan type.

First National Bank of Pennsylvania is the clear construction leader, reporting $2.7 billion in construction and land loans. Fulton Bank, N.A. follows at $884.6 million, and Dollar Bank, Federal Savings Bank reports $606.9 million. Portfolio mix differs sharply. Customers Bank holds $6.4 billion in total CRE loans, including $2.7 billion of multifamily loans, but only $192.8 million of construction and land loans. Hyperion Bank reports $150.6 million of construction and land loans within a $220.4 million CRE portfolio. Growth also varies: CNB Bank recorded +30.4% CRE growth, while First Commonwealth Bank declined -6.3%. Concentration provides another point of comparison. TriState Capital Bank’s CRE share of loans is 17.6%, versus 61.0% at Farmers and Merchants Trust Company of Chambersburg. Kish Bank’s investor CRE to equity ratio is 4.53x, while First National Bank of Pennsylvania reports 1.28x.

Out of state banks with branches in Pennsylvania

Source: FDIC Summary of Deposits 2026. Deposits and branches are for Pennsylvania only; CRE loans are bank wide.

Portfolio size and recent growth help borrowers build a call list

A large CRE book can indicate greater appetite and hold capacity, while the construction and land balance shows the bank’s reported activity in the specific loan category being ranked. Borrowers can begin with banks that have meaningful balances, then compare the rest of each CRE portfolio. First National Bank of Pennsylvania combines $2.7 billion of construction and land loans with $12.0 billion of total CRE loans. Meridian Bank has a smaller $1.1 billion CRE book, including $350.2 million in construction and land loans.

Growth helps identify banks that are adding CRE balances, but it does not establish that a bank will approve a particular project. Customers Bank reported +22.7% CRE growth, Citizens & Northern Bank reported +22.0%, and Mid Penn Bank reported +15.1%. By contrast, First National Bank of Pennsylvania reported -4.7%. Bank lending remains relationship driven and local. Borrowers should treat the ranking as a way to identify likely calls, then discuss project type, location, sponsorship and the broader banking relationship directly with each institution.

Loan mix and concentration show where reported exposure is greatest

The component balances show where each bank’s CRE exposure is concentrated. Fulton Bank, N.A. reports $3.6 billion of owner occupied loans and $4.1 billion of investor nonfarm nonresidential loans, compared with $884.6 million of construction and land loans. S&T Bank reports $2.4 billion of investor nonfarm nonresidential loans, $728.1 million of multifamily loans and $500.6 million of construction and land loans. These differences help borrowers distinguish broad CRE lenders from institutions whose reported books contain a larger construction component.

CRE share of loans and investor CRE to equity provide separate concentration measures. Mid Penn Bank reports a 58.5% CRE share of loans and a 2.83x investor CRE to equity ratio. Meridian Bank reports 50.5% and 3.09x, respectively. Farmers and Merchants Trust Company of Chambersburg reports a 61.0% CRE share and a 4.34x ratio. Those ratios are high relative to several banks in the table and can signal that an institution will be selective. They do not measure underwriting terms or approval likelihood.

Pennsylvania borrowers can compare local banks with other capital sources

This ranking covers banks headquartered in Pennsylvania. Banks headquartered elsewhere also lend through Pennsylvania branches, but their FDIC Call Reports present loan balances across all states. PNC Bank, N.A., headquartered in Delaware, has 259 Pennsylvania branches, $140.2 billion of deposits in the state and $47.1 billion of total CRE loans across all states. Wells Fargo Bank, N.A. has 168 branches, $39.2 billion of Pennsylvania deposits and $121.6 billion of total CRE loans across all states.

Other branch based options include Citizens Bank, N.A., with 213 Pennsylvania branches and $34.9 billion of in-state deposits, and Manufacturers and Traders Trust Company, with 150 branches and $16.3 billion of deposits. Borrowers can also compare debt funds, life companies, CMBS, agency and SBA lenders, which do not appear in bank call reports. Comparing several sources matters because reported portfolio size, loan mix and concentration differ, while each lender evaluates a transaction within its own current capacity and relationship requirements.

Frequently Asked Questions

Who is the largest construction loan lender headquartered in Pennsylvania?

First National Bank of Pennsylvania ranks first among Pennsylvania headquartered banks, with $2.7 billion in construction, land development and other land loans as of June 30, 2026. Its total CRE portfolio is $12.0 billion, including $884.7 million of multifamily loans, $3.3 billion of owner occupied loans and $5.2 billion of investor nonfarm nonresidential loans. The bank’s CRE balance changed -4.7% year over year, and CRE represents 33.4% of its total loans. It ranks 39 nationally by total CRE loans.

Which Pennsylvania bank had the fastest CRE growth?

Among the banks in the table, CNB Bank reported the strongest year over year CRE growth at +30.4%. The Clearfield headquartered bank held $3.1 billion in total CRE loans, including $472.9 million of construction and land loans, $624.7 million of multifamily loans, $647.8 million of owner occupied loans and $1.3 billion of investor nonfarm nonresidential loans. CRE represented 47.5% of its total loans, and its investor CRE to equity ratio was 2.66x. Growth describes the change in the reported CRE balance, not the availability of a specific loan.

How current is the Pennsylvania construction lender ranking?

The ranking uses FDIC Call Reports, formally Reports of Condition and Income, as of June 30, 2026. Construction, land development and other land loans come from schedule RC-C. Pennsylvania headquarters and branch context use the FDIC Summary of Deposits 2026. Market benchmarks are dated Oct 26, 2026: the Prime rate was 7.00%, SOFR was 3.89%, the 5 year Treasury was 4.78%, the 10 year Treasury was 4.96%, and Fed funds was 3.88%. These benchmarks provide market context but are not bank loan quotes.

Does the ranking include every bank that can lend in Pennsylvania?

No. The ranked table covers 20 banks headquartered in Pennsylvania and orders them by construction, land development and other land loans. Pennsylvania had 108 headquartered banks with $88.9 billion in total CRE loans. The wider FDIC universe contained 4,167 banks with $3.07 trillion in total CRE loans. Institutions headquartered in other states may lend through Pennsylvania branches, and nonbank lenders are outside FDIC bank call reports. The table therefore identifies leading Pennsylvania headquartered banks in this category, not every possible source of construction financing.

Why does the construction ranking differ from the total CRE ranking?

Construction and land lending is only one component of total CRE. Customers Bank illustrates the distinction: it has $6.4 billion of total CRE loans and ranks 83 nationally by total CRE, but its construction and land balance is $192.8 million, placing it 15 in this Pennsylvania construction table. Its portfolio includes $2.7 billion of multifamily loans, $1.9 billion of owner occupied loans and $1.7 billion of investor nonfarm nonresidential loans. A bank can therefore have a large overall CRE book without ranking near the top specifically for construction and land lending.

More BestCRE lender rankings

CRE lenders by state

BestCRE rankings are editorially independent and built only from public regulatory filings; no bank pays for placement. Call report figures describe loans held on each bank’s balance sheet and do not show loan terms, rates or current appetite. BestCRE is not a lender and does not make loans. Benchmark rates are informational, not quotes. See our Legal Disclaimer and Compensation Disclosure.

Construction lending is only one part of a bank’s commercial real estate book, but it is a useful starting point for borrowers seeking financing for development and land. This BestCRE ranking orders banks headquartered in Ohio by construction, land development and other land loans as of June 30, 2026. The 20 banks in the table hold $47.6 billion in that category and $341.2 billion in total CRE loans. Their other reported CRE balances include $139.6 billion of multifamily loans, $57.1 billion of owner occupied loans and $96.8 billion of investor nonfarm nonresidential loans. The figures come from FDIC Call Reports, formally Reports of Condition and Income, schedule RC-C.

The headquarters screen matters. Ohio has 152 headquartered banks with $354.7 billion in total CRE loans, and the five largest account for 90.0% of that amount. The main BestCRE state ranking orders those institutions by total CRE loans, while this page focuses specifically on construction and land lending. Banks headquartered elsewhere are excluded from the ranking even when they operate Ohio branches and make loans in the state. The FDIC Summary of Deposits 2026 identifies that local branch presence. Borrowers should therefore treat the ranked table as a view of Ohio headquartered institutions, not as a complete list of every bank or lender available for an Ohio project.

Ohio banks ranked by construction and land loans

Source: FDIC Call Reports as of June 30, 2026 (schedule RC-C). Dollar figures in millions. Change, 1 year compares total CRE loans with June 30, 2025. Bank names link to each bank’s FDIC record. Table shows the top 20 of 148 banks headquartered in Ohio that hold this loan type.

The table is led by large banks, but loan mix varies substantially. JPMorgan Chase Bank, N.A. reports $18.8 billion in construction and land loans within a $179.8 billion CRE book, while U.S. Bank, N.A. reports $9.4 billion within $50.7 billion. Fifth Third Bank, N.A. has $8.0 billion and reported CRE growth of +104.4%. The Huntington National Bank has $5.3 billion and reported +109.8% growth. Among smaller institutions, CFBank, N.A. holds $252.3 million in construction and land loans within $976.4 million of total CRE loans. Concentration also differs. Fifth Third’s investor CRE to equity ratio is 0.57x, low relative to several smaller banks in the table. CFBank’s ratio is 3.06x and The Croghan Colonial Bank’s is 3.77x, both high relative to most listed institutions. These figures describe reported balance sheet size, mix, growth and concentration, not individual loan availability.

Out of state banks with branches in Ohio

Source: FDIC Summary of Deposits 2026. Deposits and branches are for Ohio only; CRE loans are bank wide.

The ranking is a starting point for a construction loan search

A large construction and land balance can indicate demonstrated appetite and capacity to hold these loans, but rank alone does not determine whether a bank will pursue a particular transaction. Borrowers can begin with the institutions reporting the largest balances, then compare the composition of each bank’s broader CRE book. JPMorgan Chase Bank, N.A., for example, combines $18.8 billion of construction and land loans with $107.3 billion of multifamily loans. Fifth Third Bank, N.A. combines $8.0 billion of construction and land loans with $12.0 billion of owner occupied loans. Those mixes provide context about where each institution is most active.

Growth offers another screening signal. Banks adding CRE balances may be worth contacting, while concentration can indicate that an institution will be selective even when its reported construction portfolio is substantial. The final decision remains transaction specific and relationship driven. Bank lending is also local, so borrowers should consider headquarters, branch access and existing relationships alongside balance sheet figures. A practical search uses the table to identify a group of plausible banks, then asks each institution directly about current interest in the property type, location, sponsorship and requested loan size.

Loan mix and concentration distinguish the listed banks

The four CRE categories show different areas of balance sheet activity. KeyBank, N.A. reports $2.9 billion in construction and land loans, $5.4 billion in multifamily loans, $3.0 billion in owner occupied loans and $5.8 billion in investor nonfarm nonresidential loans. First Financial Bank reports $674.3 million in construction and land loans, compared with $2.4 billion in investor nonfarm nonresidential loans. THE VINTON COUNTY NATIONAL BANK presents a different mix, with $131.0 million in construction and land loans within a $308.3 million CRE portfolio.

The investor CRE to equity ratio compares construction, multifamily and non owner occupied nonfarm loans with total equity capital. It provides a concentration measure, not a credit judgment or a statement about an individual project. U.S. Bank, N.A. reports 0.61x, and The Huntington National Bank reports 0.74x. At the other end of the listed range, The Croghan Colonial Bank reports 3.77x and CFBank, N.A. reports 3.06x. Ratios that are high relative to other banks in the table can signal a need for selectivity, while lower ratios may indicate less investor CRE exposure relative to equity.

Ohio borrowers have bank and nonbank alternatives

Several banks headquartered outside Ohio have meaningful local branch networks. PNC Bank, N.A., headquartered in Delaware, has 216 Ohio branches and $39.6 billion of deposits in the state, while reporting $47.1 billion of total CRE loans across all states. Citizens Bank, N.A. has 69 Ohio branches and $10.3 billion of deposits in the state. WesBanco Bank, Inc. has 96 branches and $8.6 billion of Ohio deposits. Bank of America, N.A. has 51 branches, $11.0 billion of Ohio deposits and $79.9 billion of total CRE loans across all states.

Borrowers can also compare banks with debt funds, life companies, CMBS lenders, agency lenders and SBA lenders. Those nonbank sources do not appear in FDIC bank call reports, so this ranking cannot compare their activity with the listed institutions. Different lender categories may evaluate transactions through different channels, and reported bank balances do not establish current pricing or execution terms. Comparing several sources helps a borrower test current availability and determine which lender is prepared to evaluate the specific property, market, sponsorship and financing request.

Frequently Asked Questions

What loans are included in the Ohio construction lender ranking?

The ranking covers construction, land development and other land loans reported by banks headquartered in Ohio. It is one segment of commercial real estate lending, alongside multifamily, owner occupied and investor nonfarm nonresidential loans. The 20 ranked banks report $47.6 billion in construction and land loans and $341.2 billion in total CRE loans. The category is useful for identifying institutions with reported exposure to development and land financing, but it does not disclose the property types, locations, sponsors or terms associated with individual loans.

Are the largest construction lenders also the largest CRE banks?

The leading construction lenders are generally among the largest CRE banks, although their ordering can differ. JPMorgan Chase Bank, N.A. ranks first nationally by total CRE loans and reports $179.8 billion of total CRE loans, including $18.8 billion of construction and land loans. U.S. Bank, N.A. ranks fifth nationally by total CRE loans and reports $50.7 billion of CRE loans, including $9.4 billion in the ranked category. The Huntington National Bank has a larger total CRE book than Fifth Third Bank, N.A., but Fifth Third reports the larger construction and land balance.

Which Ohio banks reported the strongest CRE growth?

The Huntington National Bank reported CRE growth of +109.8%, the highest figure among the listed institutions. Fifth Third Bank, N.A. followed with +104.4%. Among smaller banks, The Farmers National Bank of Canfield reported +47.2%, The Park National Bank reported +43.7%, and The Croghan Colonial Bank reported +36.7%. Growth measures the change in the overall CRE portfolio, not construction lending alone. It shows which banks added reported CRE balances, but it does not establish the source of that change or indicate whether a bank is currently approving new construction loans.

Which listed banks have the greatest CRE concentration?

The Croghan Colonial Bank reports investor CRE equal to 3.77x total equity capital, high relative to the other banks in the table. CFBank, N.A. reports 3.06x, LCNB National Bank reports 2.89x, and The State Bank and Trust Company reports 2.41x. By comparison, JPMorgan Chase Bank, N.A. reports 0.48x and Fifth Third Bank, N.A. reports 0.57x. Concentration is one balance sheet measure and should not be read as a prediction of credit quality, approval or future lending. A highly concentrated bank may be selective about additional exposure.

What benchmark rates provide context for construction lending in 2026?

As of Oct 26, 2026, the Prime rate was 7.00%, SOFR was 3.89%, the 5 year Treasury was 4.78%, the 10 year Treasury was 4.96%, and Fed funds was 3.88%. These are market benchmarks, not quoted loan rates from the ranked banks. FDIC Call Reports do not show the pricing, spread, fees, term or structure available for a particular construction loan. Borrowers must obtain current proposals directly from lenders to compare actual economics. The benchmarks provide dated market context for that process but do not establish what any institution will offer.

More BestCRE lender rankings

CRE lenders by state

BestCRE rankings are editorially independent and built only from public regulatory filings; no bank pays for placement. Call report figures describe loans held on each bank’s balance sheet and do not show loan terms, rates or current appetite. BestCRE is not a lender and does not make loans. Benchmark rates are informational, not quotes. See our Legal Disclaimer and Compensation Disclosure.

Illinois borrowers looking for construction financing can use this ranking to identify banks that report meaningful construction, land development and other land loan balances. The 20 banks in the table hold $13.6 billion in this category and $87.0 billion in total commercial real estate loans. BestCRE ranks them by reported construction and land balances as of June 30, 2026. The results show portfolio size and composition, not current pricing, approval standards or available loan capacity. Because the ranking includes only banks headquartered in Illinois, it should be read alongside the separate group of banks headquartered elsewhere that maintain branches and deposits in the state.

The broader Illinois banking market includes 322 banks headquartered in the state, with $131.6 billion in total CRE loans. That total increased +7.1% year over year, while the top institutions account for a substantial share of reported balances. Borrowers should treat the ranking as a screening tool. A larger CRE book can indicate greater appetite and hold capacity, while portfolio mix identifies the property and loan categories in which a bank is most active. Growth highlights banks adding CRE balances, and concentration may indicate greater selectivity. Final lender selection remains relationship driven and local, requiring direct discussions with several banks and comparison with nonbank sources.

Illinois banks ranked by construction and land loans

Source: FDIC Call Reports as of June 30, 2026 (schedule RC-C). Dollar figures in millions. Change, 1 year compares total CRE loans with June 30, 2025. Bank names link to each bank’s FDIC record. Table shows the top 20 of 282 banks headquartered in Illinois that hold this loan type.

BMO Bank, N.A. leads with $4.5 billion in construction and land loans and $28.8 billion in total CRE loans. CIBC Bank USA follows with $2.1 billion and reports +22.1% year over year CRE growth. Busey Bank is third with $1.0 billion, although its total CRE portfolio declined -2.0%. Portfolio mix varies materially. The Federal Savings Bank reports $251.0 million in construction and land loans within a $254.6 million CRE book, while First Mid Bank & Trust, N.A. has $361.7 million in construction and land loans within $3.7 billion of total CRE. Concentration also differs. Lakeside Bank reports CRE equal to 85.2% of loans and an investor CRE to equity ratio of 5.53x, both high relative to the table. BMO reports a lower 0.57x ratio. Heartland Bank and Trust Company has the strongest listed CRE growth at +37.4%.

Out of state banks with branches in Illinois

Source: FDIC Summary of Deposits 2026. Deposits and branches are for Illinois only; CRE loans are bank wide.

Use reported balances to build a lender call list

The ranking is most useful as an initial measure of demonstrated balance sheet activity. Construction and land balances show which Illinois headquartered banks already hold this type of credit, while total CRE balances provide context for broader appetite and hold capacity. BMO Bank, N.A. reports $4.5 billion in construction and land loans within a $28.8 billion CRE portfolio. United Community Bank reports $405.9 million in the category within a $1.3 billion CRE portfolio. Both may warrant consideration, but the figures describe different portfolio scales. They do not establish whether either bank is currently quoting a particular transaction.

Borrowers should compare the construction balance with portfolio mix, year over year growth, CRE share of loans and investor CRE to equity. A growing portfolio can identify a bank adding CRE loans, while a high concentration can signal that the bank may be selective about additional exposure. Local relationships also matter because bank lending is relationship driven. A practical search should include several institutions whose reported size and mix fit the proposed transaction, followed by direct discussions about current interest, underwriting and fit. The main Illinois state ranking provides a separate view based on total CRE loans rather than construction and land balances.

Loan mix and concentration reveal different areas of activity

The category breakdown shows that similar construction balances can sit within very different CRE portfolios. Wintrust Bank, N.A. reports $675.3 million in construction and land loans, $605.9 million in multifamily loans and $1.2 billion in investor nonfarm nonresidential loans. First American Bank reports $366.0 million in construction and land loans, compared with $252.4 million in multifamily and $485.1 million in investor nonfarm nonresidential loans. Byline Bank reports a smaller $346.2 million construction balance but a larger $1.6 billion owner occupied balance. These differences help borrowers identify where each institution has accumulated exposure.

Concentration measures add another layer. Investor CRE to equity combines construction, multifamily and non owner occupied nonfarm loans relative to total equity capital. Lakeside Bank reports 5.53x, while Blackhawk Bank & Trust reports 3.29x and Banterra Bank reports 3.20x. Those ratios are high relative to several peers in the table. The Northern Trust Company reports 0.45x, and BMO Bank, N.A. reports 0.57x. CRE share of loans also ranges widely, from 14.6% at The Northern Trust Company to 85.2% at Lakeside Bank. These measures describe portfolio concentration, not current credit decisions.

Illinois borrowers have bank and nonbank alternatives

This table covers institutions headquartered in Illinois, but major banks based elsewhere also operate local branches. JPMorgan Chase Bank, N.A., headquartered in Ohio, has 264 Illinois branches, $128.8 billion of deposits in the state and $179.8 billion of total CRE loans across all states. Bank of America, N.A. has 121 Illinois branches and $41.7 billion in state deposits. Fifth Third Bank, N.A. has 161 branches and $26.8 billion in state deposits, while PNC Bank, N.A. has 148 branches and $23.4 billion. Their national CRE balances are not measures of Illinois construction lending, but their local presence makes them relevant additions to a borrower call list.

Nonbank lenders are another source of capital and do not appear in FDIC bank call reports. Debt funds, life companies, CMBS lenders, agency lenders and SBA lenders can serve different transaction types and borrower profiles. Comparing several sources is important because reported bank balances show historical portfolio size and mix, not the availability or suitability of financing for a particular project. Borrowers can use the Illinois headquartered ranking to identify active local banks, review out of state banks with local branches, and then compare those options with applicable nonbank channels. That broader process provides a more complete view than relying on any single ranking or institution.

Frequently Asked Questions

Which bank is the largest construction and land lender headquartered in Illinois?

BMO Bank, N.A. ranks first among Illinois headquartered banks, reporting $4.5 billion in construction, land development and other land loans as of June 30, 2026. Its total CRE portfolio is $28.8 billion, including $3.2 billion in multifamily loans, $8.1 billion in owner occupied loans and $13.0 billion in investor nonfarm nonresidential loans. BMO also ranks 15 nationally by total CRE loans. These balances show the size and mix of its reported portfolio, but they do not indicate whether the bank is currently offering financing for a particular property, project or borrower.

Which Illinois banks are adding commercial real estate loans?

Several banks in the table report substantial year over year CRE growth. Heartland Bank and Trust Company increased +37.4%, the strongest listed rate, and holds $429.8 million in construction and land loans. CIBC Bank USA and Hinsdale Bank & Trust Company, N.A. each report +22.1%. First Mid Bank & Trust, N.A. reports +20.4%, Bank of Springfield reports +20.0%, and Banterra Bank reports +19.6%. Growth shows which institutions added reported CRE balances, but it does not identify the property types, locations or transactions responsible for the change, nor does it establish current lending availability.

Does a high CRE concentration mean a bank will approve fewer construction loans?

Not necessarily. Concentration is a portfolio measure, not an approval forecast. Lakeside Bank reports CRE equal to 85.2% of total loans and investor CRE equal to 5.53x equity, both high relative to other banks in the table. Blackhawk Bank & Trust reports 64.1% and 3.29x, while BMO Bank, N.A. reports 20.3% and 0.57x. A high concentration can signal that a bank will be selective when considering additional exposure, but call report data cannot show current underwriting decisions. Borrowers should use concentration to frame questions and then discuss the proposed transaction directly with each lender.

Are the largest Illinois construction lenders also the largest CRE lenders?

Not always. BMO Bank, N.A. leads both this construction ranking and the Illinois headquartered group by total CRE loans, with $4.5 billion in construction and land loans and $28.8 billion in total CRE. Other positions differ because the ranking is based only on construction, land development and other land loans. First Mid Bank & Trust, N.A. has $3.7 billion in total CRE but ranks 10 with $361.7 million in the selected category. The Federal Savings Bank ranks 17 with $251.0 million in construction and land loans even though its entire CRE portfolio is only $254.6 million.

What interest rate benchmarks should construction borrowers monitor?

Common market benchmarks provide context for lender discussions, although they are not quoted construction loan rates. As of Oct 26, 2026, the Prime rate is 7.00%, SOFR is 3.89%, the 5 year Treasury is 4.78%, the 10 year Treasury is 4.96%, and Fed funds is 3.88%. A bank’s reported construction balance does not reveal its pricing, spread, term or other loan conditions. Borrowers should ask each lender how it references market rates and compare complete proposals. Nonbank sources may use different pricing structures, so comparison should include the full financing terms rather than a benchmark alone.

More BestCRE lender rankings

CRE lenders by state

BestCRE rankings are editorially independent and built only from public regulatory filings; no bank pays for placement. Call report figures describe loans held on each bank’s balance sheet and do not show loan terms, rates or current appetite. BestCRE is not a lender and does not make loans. Benchmark rates are informational, not quotes. See our Legal Disclaimer and Compensation Disclosure.