Multifamily and CRE lending moves at a record-breaking pace

Despite a drop in multifamily loan volume, industrial, health care, office and retail originations pushed overall multifamily and commercial mortgage lending to unprecedented heights, according to the Mortgage Bankers Association. Commercial and multifamily mortgage lending set a quarterly record in the last three months of 2019, growing 7% year-over-year

 and 15% from the third quarter. Origination dollar volume for the year is also expected to break the previous record of $574 billion in 2018. The MBA will release the final origination figures for 2019 in late March.

“Commercial and multifamily borrowing and lending hit a new high during the fourth quarter of 2019, surpassing the previous record from the second quarter of 2007,” Jamie Woodwell, the MBA’s vice president of commercial real estate research, said in a press release.

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