2Q commercial/multifamily originations up 17 percent.

Author:Tucker, Michael
Position:Commercial
 
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The Mortgage Bankers Association (MBA) reported in late July that second-quarter commercial and multifamily mortgage loan originations came in 17 percent higher than the first quarter and 1 percent higher from a year ago. [paragraph] According to the MBA Quarterly Survey of Commercial/ Multifamily Mortgage Bankers Originations, lending picked up among the office, industrial, multifamily, retail and hotel sectors, with the only decrease being in health-care properties.

"Borrowing and lending, backed by commercial and multifamily properties, remained strong during the second quarter," said MBA Vice President of Commercial Real Estate Research Jamie Woodwell. "Low interest rates combined with strong commercial property market fundamentals to further support lending and to keep overall borrowing levels on pace with last year's strong level."

MBA said a rise in second-quarter originations for office and industrial led the overall increase in commercial/multifamily lending volumes from a year ago. MBA reported an 11 percent year-over-year increase in dollar volume of loans for office properties, a 9 percent increase for industrial properties, a 1 percent decrease for multifamily properties, a 9 percent decrease for retail properties, an 11 percent decrease in hotel property loans and a 64 percent decrease in health-care property loans.

Among investor types, dollar volume of loans originated for...

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