CRE Mortgage Loan Volume Rose 19% Y-O-Y in Q2; Slowdown Expected Later in 2022
Commercial and multifamily mortgage loan originations increased 19% year-over-year in the second quarter of 2022, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. A rise in originations for retail, hotel, and multifamily led the overall increase in lending volumes.
”Borrowing and lending backed by commercial real estate set another quarterly record from April through June, although the pace of increase slowed from the first quarter,” said Jamie Woodwell, MBA’s VP of commercial real estate research. “Property owners, investors, and lenders continue to work through broader economic uncertainty that is affecting the space, equity, and debt markets.”
He continued, “MBA is forecasting that borrowing and lending will slow during the second half of the year. That said, improvements in fundamentals and values in recent years provide significant support to properties with outstanding loans and continued financing opportunities for properties whose cash flows can support debt.”
- ◦Financing