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MBA Tempers 2022 Growth Projections for CRE Lending
Total commercial and multifamily mortgage borrowing and lending is expected to hold steady at a projected $895 billion of total lending in 2022, roughly in line with 2021’s $891 billion, the Mortgage Bankers Association reported. MBA is expecting lending volume growth to fall short of earlier projections for 2022, but to rebound in 2023 to total nearly $950 billion.
“The economic and interest rate outlook has shifted since MBA’s last updated commercial real estate finance (CREF) forecast in February,” said Jamie Woodwell, MBA’s VP for commercial real estate research.
He continued, “The rapid rise in interest rates is expected to take some wind out of the sails of new lending activity, but healthy property fundamentals and strong property values should support the markets and keep commercial real estate mortgage demand at strong levels. Borrowing and lending should still match last year’s record levels.”
- ◦Financing


