Berkadia Commercial Mortgage at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 220 investment-property lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
86th0.8% deniedPricingmedian rate spread over APOR, weight 30%
0th159.00 ptsProcesswithdrawn + incomplete share, weight 15%
87th0.0%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 533 | 524 | 1.7% | 1.7% | 5.61% | $8.2B |
| 2024 | 539 | 532 | 0.9% | 0.9% | 5.56% | $10B |
| 2025 | 758 | 752 | 0.8% | 0.8% | 5.52% | $14B |
What Berkadia Commercial Mortgage lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 758 investment properties.
Why Berkadia Commercial Mortgage denies applications
Primary reason reported for each of the 6 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Where Berkadia Commercial Mortgage lends
50 states and 0 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Texas | 80 | 78 | 2.5% | 5.65% | #608 |
| California | 51 | 51 | 0.0% | 5.39% | #518 |
| Washington | 51 | 51 | 0.0% | 5.73% | #294 |
| Florida | 45 | 45 | 0.0% | 5.45% | #619 |
| Michigan | 45 | 45 | 0.0% | 5.56% | #360 |
| Pennsylvania | 35 | 32 | 8.6% | 5.29% | #536 |
| Georgia | 34 | 34 | 0.0% | 5.42% | #503 |
| Arizona | 29 | 29 | 0.0% | 5.46% | #379 |
| Indiana | 27 | 27 | 0.0% | 5.57% | #425 |
| Virginia | 27 | 26 | 3.7% | 5.50% | #453 |
| New York | 24 | 24 | 0.0% | 5.59% | #400 |
| Tennessee | 23 | 23 | 0.0% | 5.75% | #515 |
| North Carolina | 21 | 21 | 0.0% | 5.37% | #519 |
| South Carolina | 21 | 21 | 0.0% | 5.51% | #437 |
| Colorado | 20 | 20 | 0.0% | 5.01% | #421 |
| Ohio | 20 | 20 | 0.0% | 5.71% | #534 |
| Connecticut | 18 | 18 | 0.0% | 5.95% | #313 |
| Illinois | 17 | 17 | 0.0% | 5.46% | #618 |
| New Jersey | 17 | 17 | 0.0% | 5.90% | #474 |
| Alabama | 16 | 16 | 0.0% | 5.27% | #414 |
| Kentucky | 14 | 14 | 0.0% | 5.26% | #380 |
| Oregon | 12 | 12 | 0.0% | 5.43% | #339 |
| Missouri | 10 | 10 | 0.0% | 5.30% | #511 |
| Oklahoma | 10 | 10 | 0.0% | 5.39% | #404 |
| Mississippi | 8 | 8 | 0.0% | 5.91% | #300 |
| Utah | 8 | 8 | 0.0% | 5.26% | #302 |
| Massachusetts | 7 | 7 | 0.0% | 5.22% | #490 |
| Minnesota | 7 | 7 | 0.0% | 5.26% | #506 |
| Kansas | 6 | 6 | 0.0% | 5.42% | #396 |
| District of Columbia | 5 | 5 | 0.0% | 5.90% | #239 |
| Iowa | 5 | 5 | 0.0% | 5.39% | #421 |
| New Mexico | 5 | 5 | 0.0% | 6.99% | #308 |
| Wisconsin | 5 | 5 | 0.0% | 5.07% | #576 |
Frequently asked questions
Berkadia Commercial Mortgage denied 0.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 86th percentile of investment-property lenders.
The most common reason Berkadia Commercial Mortgage gave in 2025 was "other", cited on 100.0% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Berkadia Commercial Mortgage originated in 2025 was 5.52%, and its median rate spread over the average prime offer rate was 159.00 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 0% of its applications were for home purchases, 56% for refinancing (including cash-out), and 44% for home improvement or other purposes. By loan type: 87% conventional, 13% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.