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.
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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