Originators Backing Off Retail, Hotel Lending; Making Up for it with Increased Industrial, Health Care, Multifamily Outlays
May 8, 2017 | by Mark Heschmeyer | CoStar
First quarter 2017 commercial and multifamily mortgage loan originations increased 9% compared to the same period last year, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
A rise in originations for industrial, health care and multifamily properties led the overall increase in commercial/multifamily lending volumes when compared to the first quarter of 2016. Those gains, however, were offset by big drops in lending on retail and hotel properties.
The first quarter saw a 40% year-over-year increase in the dollar volume of loans for industrial properties, a 22% increase for health care properties, a 14% increase for multifamily properties, and a 2% increase for office properties.
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