MBA Reports $68.8 Billion of Total Multifamily Lending in 2010; a 31 Percent Increase from 2009

WASHINGTON, D.C. (Oct. 19, 2011) - In 2010, 2,548 different multifamily lenders provided a total of $68.8 billion in mortgage financing for apartment buildings with five or more units, according to a report from the Mortgage Bankers Association (MBA).

The 2010 dollar volume represents a 31 percent increase from 2009 levels. Just one percent of the lenders accounted for 51 percent of the dollar volume, while three-quarters of the lenders made five or fewer loans over the course of the year.

 In terms of total dollar volume, the top five multifamily lenders in 2010 were Wells Fargo Bank N.A., CBRE Capital Markets, Inc., Berkadia Commercial Mortgage LLC, PNC Real Estate and Prudential Mortgage Capital Company.

 "The multifamily lending market grew 31 percent in 2010, with credit extended by a broad range of lenders to a broad range of properties," said Jamie Woodwell (top right photo), MBA's Vice President of Commercial Real Estate Research.

 The MBA report is the most comprehensive view available of the multifamily lending market and includes:

• A detailed summary of the $68.8 billion multifamily market,
• Profiles of distinct market segments, including the very-small loan (loans of $1 million or less) lender segment,
• A listing of 2,548 lenders who made multifamily loans in 2010, including their lending volume, number of loans made and average loan size, and
• A listing of metropolitan areas and the volume of very-small loans made in each in 2010.

 The report is based on data from the MBA 2010 Commercial Multifamily Annual Origination Volume Rankings and the Home Mortgage Disclosure Act (HMDA).

The MBA survey targets specialized commercial/multifamily originators and covered $119 billion in commercial and multifamily loans in 2010.

 The HMDA data adds multifamily loans from banks, thrifts and other institutions that meet certain single-family origination thresholds. When combined, the two datasets provide the most comprehensive assessment of the multifamily mortgage market available.

 To purchase the report, please visit the following Web link:

http://store.mortgagebankers.org/ProductDetail.aspx?product_code=EC6-300026-RP-I.

 For members of the news media who want more information from or about the study, contact Matt Robinson at mrobinson@mortgagebankers.org or 202-557-2727.