Commercial and multifamily mortgage loan originations in the first quarter of 2014 were 1% lower than during the same period last year and 45% lower than the fourth quarter of 2013, according to the Mortgage Banker’s Association’s survey of originations.
“Commercial and multifamily borrowing typically starts the year slowly, with less than one-fifth of the annual volume usually done in the first quarter,” said Jamie Woodwell, MBA’s vice president of commercial real estate research. “This year is looking to continue the trend."
Reaad more...Multifamily, commercial mortgage loans stall out in 1Q2014 | 2014-05-06 | HousingWire
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