WASHINGTON, D.C. (Oct. 10, 2013) — In 2012, 2,803 different
multifamily lenders provided a total of $146.1 billion in new mortgages for
apartment buildings with five or more units, according to a report from the
Mortgage Bankers Association (MBA).
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| Jamie Woodwell |
The 2012 dollar volume represents a 33 percent increase from
2011 levels. Sixty-seven percent of the
active lenders made five or fewer multifamily loans over the course of the
year.
The MBA report is based on its surveys of the larger
multifamily lenders and the recently released Home Mortgage Disclosure Act
(HMDA) data that covers multifamily loans made by many smaller lenders,
particularly commercial banks.
The $146 billion of multifamily mortgages originated in 2012
went to a variety of investors.
By dollar volume, the greatest share (40 percent of the
total) went to the government-sponsored enterprises (GSEs) Fannie Mae and
Freddie Mac.
In terms of number
of loans, the greatest share (80 percent) went to commercial bank, thrift and
credit union portfolios.
The top five multifamily lenders in 2012 by dollar volume
were JPMorgan Chase Bank N.A., Wells Fargo, CBRE Capital Markets, Inc., Walker
& Dunlop, and Berkadia.
”In many ways we were in a golden age of multifamily finance
in 2012, that to a large extent continues today,” said Jamie Woodwell,
MBA’s Vice President of Commercial Real Estate Finance.
“Low interest rates, strong property fundamentals and
increasing multifamily property prices are all supporting a very favorable
lending environment. The 33 percent
increase in lending volume in 2012 brought levels nearly back to where they had
been in 2007.”
For a complete copy of the company’s news release, please
contact:
Shawn Ryan
(202) 557-2727
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