Commercial/Multifamily Mortgage Originations Up 49 Percent in Q4, Up 24 Percent for Year

San Diego, CA (Feb.  4, 2013)– Commercial and multifamily mortgage originations increased 49 percent between the third and the fourth quarters of 2012, and were also up 49 percent compared to the fourth quarter of 2011, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

 MBA’s commercial/multifamily mortgage bankers originations index shows originations for the full year 2012 were 24 percent higher than in 2011.

  “During the fourth quarter, commercial and multifamily mortgage borrowing and lending hit the highest level since 2007,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research.  “Low interest rates are prompting borrowers to finance, and improving property markets are helping more deals underwrite successfully.  The relative strength of commercial and multifamily mortgages as investments continues to fuel lenders’ appetites.”

  

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

Matt Robinson

202-557-2727