Merchants Capital Provides Record $7 Billion Debt Funding in 2021 | State

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CARMEL, Ind., February 14, 2022 /PRNewswire/ — (Nasdaq:MBIN) Merchant capital closed a file $7 billion in debt production in 2021, breaking the company’s previous record of $4.7 billion financing in 2020. The company achieved explosive growth across all of its product offerings, including a 72% increase in FHA financing to $1.97 billiona 143% increase in the production of Fannie Mae and Freddie Mac approaching $1 billionand a 65% increase in Merchants Bank balance sheet funding with more than $4 billion in volume in 2021.

The company’s affordable housing debt production soared to $3.1 billion, representing a 50% year-over-year increase. This announcement follows the Mortgage Bankers Association’s 2020 honor recognizing Merchants Capital as the #4 Affordable Multi-Family Lender at national scale.

“We are impressed with the integrity, dedication and focus of our employees this year – securing $7 billion in total debt production is no easy task, and it’s a true testament to the work Merchants Capital has done for our clients and communities across the country,” said dwayne george, Executive Vice President and National Head of Production at Merchants Capital. “This milestone is just the beginning. We look forward to a year 2022 filled with further commitment and support for much-needed housing properties nationwide.”

Merchants Capital strives to deploy innovative financing structures in multifamily housing, including affordable housing, labor, market rate and luxury development across United States.

“Our agile and creative bank balance sheet offerings give us a distinct advantage that is unmatched in the market,” said Mathew Wambuavice president and chief of staff New York City Office. “Our ability to quickly adapt to market conditions, our streamlined execution and our diverse range of product offerings are the catalyst for our explosive and unprecedented growth.”

“We are committed to providing our clients with the expertise to deliver financing solutions that meet America’s diverse multifamily housing needs,” said Lee OllerExecutive Vice President and Head of Merchants Capital’s Chicago Office. “Our growth is a reflection of the deep commitment of the entire Merchants Capital team, partners and agency partners.”

Merchants Capital is headquartered in Indianapoliswith five additional production centers nationwide located in Boston, Chicago, New York City, St.Paul and washington d.c. Since 2019, Merchants staff has grown by 83% as the company has added additional product offerings and opened regional offices in washington d.c. and Boston.


Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana operation of multiple lines of business, including financing and maintenance of multifamily housing and Federal Housing Administration (“FHA”) healthcare facilities; mortgage warehouse financing; retail and correspondent residential mortgage banking; agricultural loans; and the traditional community bank. Bancorp Merchants, with $11.3 billion in assets and $9.0 billion in deposits at December 31, 2021operates primarily through its direct and indirect subsidiaries, Merchants Bank of IndianaMerchants Capital Corp., Farmers-Merchants Bank of IllinoisMerchants Capital Servicing, LLC and Merchants Mortgage, a division of Merchants Bank of Indiana. For more information and financial data, please visit the Merchant Investor Relations page at investors.merchantsbancorp.com.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements that reflect the current views of Merchants Bancorp with respect to, among other things, future events and financial performance. These statements are often, but not always, made using words or phrases such as “may”, “could”, “should”, “could”, “predict”, “potential”, “believe”, “expects”, “would”, “annualized” and “outlook”, or the negative version of these words or other comparable words or expressions of a future or forward-looking nature. These forward-looking statements are not historical facts and are based on current industry expectations, estimates and projections, management’s beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control, such as the potential impacts of the COVID-19 pandemic. Accordingly, management cautions that these forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Although Merchants Bancorp believes that the expectations reflected in these forward-looking statements are reasonable as of the date they are made, actual results may differ materially from the results expressed or implied by the forward-looking statements. A number of important factors could cause actual results to differ materially from those set forth in these forward-looking statements, including the impacts of the COVID-19 pandemic, such as severity, magnitude, duration and responses companies and governments in this regard, on Merchants Bancorp’s operations and personnel, and activity and demand across its business, and other factors identified under “Risk Factors” or ” Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Merchants Bancorp’s Annual Report on Form 10-K and other periodic filings with the Securities and Exchange Commission. All forward-looking statements set forth herein are made only as of the date of this press release, and we undertake no obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of events unforeseen or otherwise.


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