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| Jamie Woodwell |
ORLANDO, FL (Feb. 1,
2016) -- The Mortgage Bankers Association (MBA) projects originations of
commercial and multifamily mortgages will grow to $511 billion in 2016, an
increase of 3 percent from 2015 volumes and slightly more than the previous
record of $508 billion originated in 2007.
Mortgage banker originations of multifamily mortgages are forecast at
$202 billion in 2016, with total multifamily lending at $262 billion.
“This past year was
extremely strong for commercial real estate finance,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate
Research.
“Property incomes are
rising, interest rates are low and property values are up. We expect the momentum to continue into 2016
and to support both the demand for and supply of commercial and multifamily
mortgage capital.
“We anticipate a growing
economy, coupled with only gradual increases in interest rates, will continue
to support a strong commercial property market. But, there is a chance that cap
rates could increase more rapidly in response to rising interest rates,
impacting property sales and mortgage originations.”
For a complete copy of the company’s news release,
please contact:
Ali Ahmad
(202) 557-2727
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