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| Jamie Woodwell |
San Diego, CA (Feb.4, 2013)– In its second annual forecast
of the commercial/multifamily real estate finance markets, the Mortgage Bankers
Association (MBA) projects originations of commercial and multifamily mortgages
will grow to $254 billion in 2013, an increase of 11 percent from 2012 volumes,
and continue to rise to $289 billion in 2015. Originations of multifamily
mortgages are forecast at $100 billion in 2013.
Commercial/multifamily
mortgage debt outstanding is expected to grow in 2013, ending the year above
$2.4 trillion, more than two percent higher than at the end of 2012. By the end
of 2015, mortgage debt outstanding is forecast to exceed $2.5 trillion. MBA
previewed its forecast of the commercial/multifamily real estate finance
markets today at its Commercial Real Estate/Multifamily Housing Convention in
San Diego.
“2012 was a strong
year for the commercial and multifamily mortgage markets, and 2013 is shaping
up to continue the growth,” said Jamie Woodwell, MBA’s Vice President of
Commercial Real Estate Research.
“Despite a 21
percent decline in the volume of commercial and multifamily mortgages maturing
this year, we expect origination volumes and the amount of mortgage debt
outstanding will both increase.
“Our forecast anticipates Fannie Mae, Freddie Mac and FHA,
as well as life insurance companies, will all continue to have strong appetites
for making loans, and – coupled with growth in originations for CMBS – the
total market will continue to expand.”
For a complete copy of the company’s news release, please
contact:
Matt Robinson
202-557-2727
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