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MBA: CRE Lending Expected to Top $1T for the First Time
Total commercial and multifamily mortgage borrowing and lending is expected to break $1 trillion for the first time in 2022, up 13% from 2021’s estimated volume of $900 billion. So says a new forecast released Monday by the Mortgage Bankers Association (MBA) at its 2022 Commercial/Multifamily Finance Convention and Expo.
‘2021 was a remarkable year for commercial real estate markets and we expect 2022 to continue that momentum,” said Jamie Woodwell, MBA’s VP for commercial real estate research. “Commercial real estate lending volumes are closely tied to the values of the underlying properties. In 2021, those values rose by more than 20% and those increases will fuel further demand for mortgage debt in the coming years.”
MBA’s commercial real estate finance (CREF) forecast is updated this year to target total commercial real estate lending, including mortgages from many smaller and midsized depositories that were excluded in the past.
- ◦Financing
