Commercial/Multi-family Loan Volume Increased One-third in 2012

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Real estate loans for multi-family properties led all commercial and multi-family loan originations in 2012 according to the Mortgage Bankers Association (MBA). Commercial and multi-family loan originations totaled $244.2 billion for the year of which $103.2 billion was for multi-family properties. The year's total of all loans was an increase of 33 percent from 2011. Multi-family loan originations were followed in dollar volume by originations for retail properties, office buildings, and then industrial properties. Hotel/motel and health care had the lowest level of originations. Among investor types, loans originated for Fannie Mae, Freddie Mac, and FHA collectively totaled $77.6 billion and were the most active investor group. Commercial banks and savings institutions were second with $59...(read more)

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Source: http://www.mortgagenewsdaily.com/04172013_commercial_multifamily_loans.asp

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