Washington, D.C.—First quarter 2013 commercial and multifamily mortgage loan originations were 9 percent higher than during the same period last year and 36 percent lower than the fourth quarter of 2012, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
First quarter 2013 Originations 9 percent higher than first quarter 2012
The 9 percent overall increase in commercial/multifamily lending volume, when compared to the first quarter of 2012, was driven by increases in originations for hotel and multifamily properties. The increase included a 35 percent increase in the dollar volume of loans for hotel properties, a 30 percent increase for multifamily properties, a 2 percent increase for industrial properties, a 6 percent decrease for office properties, a 15 percent decrease in health care loans and a 25 percent decrease in retail property loans.
Read more...Q1 2013 Commercial/Multifamily Mortgage Bankers Originations Up 9 Percent from Q1 2012 | Multi-Housing News Online