Insurance companies constituted four of the top 10 lenders in Boston through late July, with New York Life Insurance Company heading the pack with $168 million in loans.
Most of that went toward a one-floor industrial building at 100 Cambridge Street in the high-income Charlestown neighborhood, the address listed for Acme Bookbinding Company. New York Life issued a $135 million loan for the property in March.
The other three insurance companies that played a large role in Boston lending this year are John Hancock Life Insurance Co., which issued $100 million in Boston loans this year, Union Labor Life Insurance Company ($78 million) and Prudential Insurance Company of America ($47 million).
But the top three Boston lenders were all banks, led by Column Financial, a subsidiary of Credit Suisse First Boston. Column Financial’s top spot is entirely due to the $815 million loan it issued for Courtyard Boston Downtown, a 315-room Marriott on Tremont Street.
The second and third top lenders for Boston this year are Citibank, with $225 million in loans, and Bank of America, with $190 million.