According to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, second quarter 2014 commercial and multifamily mortgage loan originations were two percent lower than during the same period last year, but 34 percent higher than the first quarter of 2014.
"Year-to-date borrowing by commercial and multifamily real estate owners is running at the same pace as last year," said Jamie Woodwell, MBA's Vice President of Commercial Real Estate Research. "Low interest rates and improving property fundamentals are prompting borrowers to act, but the relatively low volume of loans hitting maturity is checking overall demand.
Read more...U.S. Commercial, Multifamily Lending Jumps 34% Over Q1 - WORLD PROPERTY CHANNEL Global News Center
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