Lenders will keep pouring money into apartment properties over the next two years, originating about the same volume of loans in 2016 and 2017—with slight increases—that they are likely to close in 2015, according to the latest Commercial/Multifamily Real Estate Finance Forecast from the Mortgage Bankers Association (MBA), an industry trade group.
“The forecast anticipates continued strength and growth,” says Jamie Woodwell, vice president for the research and economics group at MBA.
That’s still going to be a big change from the last few years, when business of lending on multifamily real estate didn’t just grow a little, but instead grew incredibly quickly.
Read more...Multifamily Lending Starting to Level Off
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