There’s no doubt which commercial real estate sector is performing the best today: multi-family. And a new report from the Mortgage Bankers Association does nothing to contradict this.
According to the Mortgage Bankers Association’s 2011 Commercial Real Estate/Multifamily Finance: Annual Origination Volume Summation (what a name!), multi-family loan origination volume topped all commercial sectors at $77.4 billion last year.
The good news, though, is that commercial real estate loan origination volumes in general rose significantly in 2011. The bankers association reported that combined commercial and multi-family mortgage origination volumes soared 55 percent in 2011, another sign that the commercial real estate industry is indeed in recovery mode.
Read more...MBA report: Multifamily continues to lead commercial real estate recovery via REJournals.com
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