Commercial, Multifamily Lending to Increase 11% in 2013 via American Banker Article

Lending on offices and apartment buildings is expected to rise this year, further evidence that the commercial real estate continues to strengthen.

Last year ended on a high note: originations of commercial and multifamily mortgages rose 49% in the fourth quarter of 2012 from the same period a year earlier. This year, lenders are expected to originate $254 billion commercial and multifamily mortgages, an increase of 11% from last year, according to a forecast published Monday by the Mortgage Bankers Association, a trade group that represents the real estate finance industry.

Jamie Woodwell, the Mortgage Bankers Association's vice president of commercial real estate research, said in a news release that 2012 "was a strong year for the commercial and multifamily mortgage markets, and 2013 is shaping up to continue the growth. Despite a 21% decline in the volume of commercial and multifamily mortgages maturing this year, we expect origination volumes and the amount of mortgage debt outstanding will both increase."

Read more...Commercial, Multifamily Lending to Increase 11% in 2013 - American Banker Article