Commercial/multifamily mortgage origination volumes during the second quarter of 2012 were up 25 percent from second quarter 2011 levels, and up 39 percent from the first quarter of 2012, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
The 25 percent overall increase in commercial/multifamily lending volume, when compared to the second quarter of 2011, was driven by increases in originations for retail and hotel properties. The increase included a 56 percent increase in the dollar volume of loans for retail properties, a 22 percent increase for hotel properties, a 19 percent increase for multifamily properties, a 15 percent increase for office properties, an 11 percent increase in health care property loans. These gains offset a 5 percent decrease in industrial property loans.
Read more...Second Quarter Commercial/Multifamily Mortgage Originations Up 25 Percent from Q2 2011 | Multi-Housing News Online