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CRE Loan Volume Projected to Improve in 2021, 2022

Commercial and multifamily mortgage bankers are expected to close $486 billion of loans in 2021, an 11% increase from 2020’s estimated volume of $440 billion, according to the Mortgage Bankers Association. However, the 2021 projection is nearly 20% below 2019’s all-time high of $600.6 billion.

“The COVID-19 pandemic took a heavy toll on commercial and multifamily property sales and mortgage originations in 2020,” said Jamie Woodwell, MBA’s VP for commercial real estate research.

Woodwell added, “The steep declines in mortgage borrowing and lending seen in 2020 should partially reverse in 2021. The economic rebound MBA anticipates in the second half of the year should bring greater stability to the markets, but with continued differentiation by property type. Much of the path forward will depend on the virus and our confidence and ability to move past it.”

MBA expects further improvement in 2022, with lending volumes rising to $539 billion. 

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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