National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
MBA: Commercial Mortgage Volume Set New Record in 2021
Commercial and multifamily mortgage bankers closed $683.2 billion of loans in 2021, the Mortgage Bankers Association (MBA) reported. The full-year total was 55% higher than the $441.5 billion reported in 2020.
MBA estimates that total commercial real estate mortgage lending – including activity from smaller and mid-sized depositories not captured in MBA’s survey – equaled $890.6 billion in 2021, a 45% increase over 2020’s $614 billion and up 25% from the previous annual record of $713 billion in 2019.
“Improving property fundamentals and strong price appreciation drove borrowing and lending backed by commercial and multifamily properties to new highs in 2021, with strong activity from every capital source,” said Jamie Woodwell, MBA’s VP of commercial real estate research. “Lending was 48% higher than any previous annual total for industrial properties, and 31% higher for multifamily properties.”
He added, though, that lending for other major property types remained below previous highs.
- ◦Financing
