Commercial and multifamily originations are on the way up, according to projections by the MBA
Commercial and multifamily originations will grow by 4% to $537 billion in 2017, according to projections from the Mortgage Bankers Association.
The mortgage banker share of multifamily lending is expected to hit $224 billion in 2017, with total multifamily lending at $272 billion.
“Commercial real estate markets are carrying a great deal of momentum as they close out 2016,” said Jamie Woodwell, MBA vice president of commercial real estate research. “Strong property fundamentals, increasing property values and sturdy sales activity – particularly among multifamily properties – are driving borrowing and lending to record levels. While next year could bring a vaiety of different market conditions, we anticipate a growing economy, couled with only gradual increases in interest rates, will continue to support strong commercial property – and property finance – markets.”
The MBA projects that commercial and multifamily mortgage debt outstanding will continue to grow next year, toppin out above $3 trillion by the end of 2017. That’s almost 4% higher than the projected debt at the end of 2016, according to the MBA.
The mortgage banker share of multifamily lending is expected to hit $224 billion in 2017, with total multifamily lending at $272 billion.
“Commercial real estate markets are carrying a great deal of momentum as they close out 2016,” said Jamie Woodwell, MBA vice president of commercial real estate research. “Strong property fundamentals, increasing property values and sturdy sales activity – particularly among multifamily properties – are driving borrowing and lending to record levels. While next year could bring a vaiety of different market conditions, we anticipate a growing economy, couled with only gradual increases in interest rates, will continue to support strong commercial property – and property finance – markets.”
The MBA projects that commercial and multifamily mortgage debt outstanding will continue to grow next year, toppin out above $3 trillion by the end of 2017. That’s almost 4% higher than the projected debt at the end of 2016, according to the MBA.
