MBA: mortgage banker 2013 commercial/multifamily Originations rose to $358.5 billion.

Author:Ryan, Shawn

Commercial and multifamily mortgage bankers closed $358.5 billion in loans in 2013, the Mortgage Bankers Association (MBA) reported in its 2013 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation. [paragraph] The report said commercial bank and savings institutions led investor groups for whom loans originated in 2013, responsible for $100.5 billion. Commercial mortgage-backed securities (CMBS) issuers saw the second-highest volume at $79.8 billion, followed by life insurance companies and pension funds, Fannie Mae, real estate investment trusts (REITs), mortgage REITs and investment funds, and Freddie Mac.

By property type, multifamily properties saw the highest origination volume at $136.9 billion, followed by office buildings, retail properties, hotel/motel, industrial and health care. First liens accounted for 97 percent of total dollar volume closed.

"Improving property markets and a strong appetite among lenders led to a very active year in commercial real estate finance," said MBA Vice President of Commercial Real Estate Research Jamie Woodwell. "Multifamily rental properties drew the most financing, while banks and thrifts were the...

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