Saturday, October 24, 2015

Mortgage Bankers Association Report: Multifamily Lending Jumped 13% in 2014

Jamie Woodwell
WASHINGTON, DC -- In 2014, 2,876 different multifamily lenders provided a total of $195.1 billion in new mortgages for apartment buildings with five or more units, according to the Mortgage Bankers Association (MBA) 2014 Report on Multifamily Lending.

 The 2014 dollar volume represents a 13 percent increase from 2013 levels.  Sixty-five percent of the active lenders made five or fewer multifamily loans over the course of the year.

“Lenders provided more than $195 billion of capital to multifamily apartment owners in 2014, a new record,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research. 

“The lending came from a range of lenders – with two-thirds making five or fewer multifamily loans during the year – and went to a range of borrowers – with more than one-quarter of the loans being for $500,000 or less.  

"The market has continued to expand this year and shows every sign of breaking last year’s record.”

For a complete copy of the company’s news release, please contact:

Ali Ahmad
(202) 557-2727

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