Commercial, Multifamily Borrowing Up 1 Percent Annually in U.S.

Posted on May 22, 2018

According to the Mortgage Bankers Association’s latest Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, first quarter 2018 commercial and multifamily mortgage loan originations increased one percent compared to the same period last year and, in line with the seasonality of market, first quarter originations were thirty-three percent lower than the fourth quarter of 2017.

“Borrowing and lending backed by commercial real estate is starting 2018 at roughly the same pace at which it started 2017,” said Jamie Woodwell, MBA Vice President of Commercial Real Estate Research.  “The property types drawing the most attention of late continued to follow different paths, with retail originations declining while multifamily and industrial increased.  It was the strongest first quarter on record for originations of loans for life insurance companies and the GSEs, Fannie Mae and Freddie Mac.”

Continue reading full article on World Property Journal.