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Canadian Insurer Buys Top 20 Commercial Mortgage Servicer in U.S.
Boston-John Hancock Financial Services, the parent of John Hancock Real Estate Investment Group, is being acquired by Manulife Financial Corp. of Canada in an $11 billion transaction (Canadian $15 billion).
The group is a major commercial mortgage servicer, with a portfolio of $9.84 billion in total named servicing volume as of midyear, according to a Mortgage Bankers Association survey.
This makes it the 14th largest commercial mortgage servicer, according to the MBA.
The group also reported a greater than $2 billion commercial mortgage lending volume for 2002 and manages over $11.2 billion in real estate-related assets for clients.
The MBA did not provide a ranking for John Hancock as a commercial mortgage originator-lender. But, based on 2002 rankings by MSN statisticians in theMortgage Industry Directory, at $2 billion a year John Hancock has volumes comparable to those of the 13th and 14th ranked commercial mortgage originators.
The merger is expected to create the largest life insurance company in Canada, and the second largest in North America, valued at $25.6 billion (Canadian $34.7 billion).
John Hancock shareholders are to receive 1.1853 Manulife common shares for each John Hancock common ...
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- Press release article from: PR Newswire October 22, 2003 700+ words
The John Hancock Real Estate...million in commercial mortgage loans on...500,000 commercial mortgage loan on the...arranged by John Hancock Real Estate...000,000 commercial mortgage loan on the...arranged by John Hancock Real Estate...
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- Press release article from: PR Newswire December 13, 2001 700+ words
...BOSTON -- The John Hancock Real Estate...million in commercial mortgage loans on two...arranged by John Hancock Real Estate...East Coast commercial mortgage lending for...Florida. The John Hancock Real Estate...
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- Press release article from: PR Newswire September 26, 1995 700+ words
...and real estate portfolios. John Hancock has a large mortgage loan...1995. Over one-half of John Hancock's commercial mortgage loan and real estate investments...participating policyholders. John Hancock Variable is a wholly owned...
- Top 20 Firm Purchased.(Manulife Financial Corp. of Canada buying John Hancock...
- Magazine article from: Origination News Thangavelu, Poonkulali November 1, 2003 700+ words
...at $2 billion a year John Hancock has volumes comparable to...the 13th and 14th ranked commercial mortgage originators. The Mortgage...not provide a ranking for John Hancock as a commercial mortgage originator-lender. But...
- Fitch Affirms John Hancock Tower Mortgage Trust 2003-C5A.
- Press release article from: Business Wire November 15, 2004 700+ words
...affirms the $40 million John Hancock Tower Mortgage Trust series 2003-C5A commercial mortgage pass-through certificates...to 1.35x at issuance. John Hancock Financial Services, Inc. (John Hancock), the largest tenant with...
- THOMAS D. WOOD & COMPANY PLACES $17 MILLION LOAN WITH JOHN HANCOCK MUTUAL LIFE...
- Press release article from: PR Newswire April 8, 1996 700+ words
...17 million loan with John Hancock Mutual Life Insurance...amp; Company. "John Hancock has been very bullish...actively seek quality commercial mortgage investments," comments...a correspondent for John Hancock Mutual Life Insurance...
- THOMAS D. WOOD & COMPANY PLACES $40 MILLION IN LOANS WITH JOHN HANCOCK MUTUAL...
- Press release article from: PR Newswire February 5, 1996 700+ words
...totaling $40 million with John Hancock Mutual Life Insurance...occupancy rate. "John Hancock has been very bullish...actively seek quality commercial mortgage investments," comments...a correspondent for John Hancock Mutual Life Insurance...
- John Hancock Announces Institutional Investment Portal Site.
- Press release article from: PR Newswire October 31, 2001 700+ words
...lending groups. Called John Hancock Institutional Investment...said John DeCiccio, John Hancock's chief investment...access for Hancock's commercial mortgage borrowers. Future...their other needs." John Hancock, which was founded...
- John Hancock Financial Services, Inc. to Host Outlook 2003 - Final - Part 2.
- News wire article from: The America's Intelligence Wire December 3, 2002 700+ words
...we expected fairly significant losses of interest in the commercial mortgage portfolio, and we just haven't seen that at this point...see later on, it's the largest single exposure that John Hancock has in the bond portfolio, with 326 million. Basically...
- Q4 2002 John Hancock Financial Services Earnings Conference Call - Final - Part...
- News wire article from: The America's Intelligence Wire February 7, 2003 700+ words
...strong growth scenario. They said on the bond side. On the commercial mortgage side, we will expect the losses that we have this year...question. And I'll tell you, at least in my 30 years at John Hancock, I haven't seen any parallels to this economic downturn...
Source: HighBeam Research, Canadian Insurer Buys Top 20 Commercial Mortgage Servicer in U.S.