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| Jamie Woodwell |
WASHINGTON,
DC - The Mortgage Bankers Association (MBA) projects
originations of commercial and multifamily mortgages will rise 6 percent in
2016 to $485 billion. Mortgage bankers’ originations of multifamily mortgages
are forecast at $187 billion in 2016, and total multifamily mortgage
originations are projected at $225 billion.
“Borrowing
and lending in commercial and multifamily real estate markets is strong,” said
Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research.
“Interest rates that have stayed lower longer than most anticipated, and
continued growth in property incomes and values are all pushing mortgage
origination levels higher.”
Commercial/multifamily
mortgage debt outstanding is expected to end 2016 at $2.8 trillion, 1.8 percent
higher than at the end of 2015.
MBA’s
commercial/multifamily members can download a copy of MBA’s
Commercial/Multifamily Real Estate Finance Forecast at www.mba.org/research.
For a complete copy of the company’s
news release, please contact:
Ali Ahmad
(202)
557-2727
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