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Commercial/Multifamily Lending on Track to Increase to $578 Billion in 2021

Home Industry News
August 11, 2021
Reading Time: 1 min read
Commercial/Multifamily Lending on Track to Increase to $578 Billion in 2021

Commercial and multifamily mortgage bankers are expected to close $578 billion of loans backed by income-producing properties in 2021, a 31% increase from 2020’s volume of $442 billion, according to a new forecast released by the Mortgage Bankers Association (MBA).

Total multifamily lending alone, which includes some loans made by small and midsize banks not captured in the overall total, is forecast to rise to $409 billion in 2021—a new record and a 13% increase from last year’s total of $360 billion. MBA anticipates additional increases in lending volumes in 2022, with activity rising to $597 billion in commercial/multifamily mortgage bankers originations and $421 billion in total multifamily lending.

“Commercial and multifamily real estate markets are moving past the pain that the COVID-19 pandemic caused in 2020,” said Jamie Woodwell, MBA’s vice president for Commercial Real Estate Research. “There remain significant differences by property type, but incomes have rebounded strongly and investor interest in real estate and real estate finance is robust. The result is strong property appreciation and increased transaction activity, both of which are fueling financings.”

Woodwell added, “MBA’s forecast anticipates the economic rebound to continue this year and next, with real estate benefiting both from a rebound from last year’s lows, and from broader economic growth. There remains uncertainty about the impact of new strains of the virus in the fall, but even in a negative scenario—which we don’t expect—it is hard to imagine the real estate market having to experience anything like the widespread closures of last year.”

Source: MBA

Tags: Housing MarketIndustry NewsLendingMortgageMortgage Bankers AssociationMultifamily Lendingreal estate news
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Brit Owen

Brit Owen

Brit Owen is RISMedia’s Email Marketing Specialist where she collaborates with the editorial team to create email campaigns, as well as analyzes campaign data to understand performance. Before RISMedia, Brit worked as a digital marketer for the cybersecurity, healthcare, sports and entertainment, aviation and IT industries. She earned her degree in Communications with a minor in Marketing from Central Connecticut State University. FUN FACT: Brit has been an avid athlete, playing softball, tennis, dancing, wakeboarding and skysking. In 2012, she tried out for the Boston Celtic’s dance team.

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