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Commercial Mortgage Originations Finish 2020 with 26% Lower Tally

Commercial and multifamily mortgage bankers closed $441.5 billion of loans in 2020, according to the Mortgage Bankers Association’s 2020 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation. The tally was 26% lower than the record $601 billion reported in 2019. 

Jamie Woodwell, MBA’s VP of commercial real estate research, noted that the dropoff of origination volume occurred “as the COVID-19 pandemic disrupted the economy and created increased uncertainty. The property types most impacted by the pandemic—lodging and retail—saw the largest declines in originations, while those in which investors and lenders had the greatest confidence, particularly multifamily, held up better.

“The source of capital also mattered, with government-backed loans from the Fannie Mae, Freddie Mac and FHA hitting new record-highs in volume,” he continued.

Multifamily properties saw the highest origination volume last year at $272 billion. Fannie Mae and Freddie Mac were the largest capital source at $164.1 billion.

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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 13-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 15-20 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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