Commercial/Multifamily Borrowing Up 20 Percent Year-over-Year

Mortgage Bankers Association press release ------- According to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, second quarter 2017 commercial and multifamily mortgage loan originations were 20 percent higher than during the same period last year and 28 percent higher than the first quarter of 2017."Borrowing and lending backed by commercial and multifamily properties has been strong the first half of this year," said Jamie Woodwell, MBA's Vice President of Commercial Real Estate Research. "Reflecting broad industry trends, borrowing backed by industrial properties increased by two-thirds compared to the first half of 2016, while borrowing backed by retail properties dropped by one-sixth. As was the case during the first quarter, commercial/multifamily mortgage bankers' originations increased despite a slowdown in the volume of sales transactions." To learn more click on the picture below to read the release.