$11 BILLION IN COMMERCIAL MORTGAGE LOANS ORIGINATED.

Position:Brief Article - Statistical Data Included
 
FREE EXCERPT

ACCORDING TO A NEW QUARTERLY SURVEY conducted by the Mortgage Bankers Association of America (MBA), Washington, D.C., commercial mortgage bankers originated more than 1,500 loans with an average loan size of $7.3 million in the first quarter of 2000. Commercial lenders responding to MBA's Commercial Mortgage Banker Origination Survey reported $11.2 billion in origination volume for the first quarter--down 5.3 percent from the same period a year ago. Lenders originating more than $1 billion a year saw a decline of 12.7 percent in their originations from first-quarter 1999 to first-quarter 2000, while firms originating less than $300 million reported a 9.9 percent decline. Companies originating between $300 million and $1 billion reported a year-over-year increase of 28.4 percent. The survey found that multifamily properties accounted for the largest share of loans originated during the quarter, with 46...

To continue reading

FREE SIGN UP