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| 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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