The Mortgage Bakers Association [MBA] projects commercial and multifamily mortgage originations.
The MBA is projecting such originations to total $532 billion in 2018.
This represents a $2 billion increase over 2017’s last year’s record volume of $530 billion.
Mortgage banker originations of just multifamily mortgages is forecast to climb 7% in 2018.
MBA projects total multifamily lending to reach $302 billion.
The MBA projects that multifamily lending is expected to rise 2 percent in 2019.
As property incomes and values continue to grow, the amount of capital available for investment in real estate and debt remains strong.
According to the MBA announcement, “Commercial/multifamily mortgage debt outstanding is expected to continue to grow in 2018, ending the year more than 6 percent higher than last year.”