Commercial and Multifamily Lending Surged in Q1
The volume of commercial and multifamily mortgage loan originations jumped 72 percent in the first quarter of 2022 compared to a year earlier. The Mortgage Bankers Association (MBA) said lenders reported solid increases in all categories of that lending with hotel properties leading the way at 359 percent. While multifamily lending was in fifth place, it still grew 57 percent, behind industrial properties at 145 percent, retail and health care properties (88 and 81 percent, respectively.) Office properties lending increased 30 percent.
Commercial and multifamily loan volume was down by 39 percent compared to the fourth quarter of 2021, but MBA said the quarter-over-quarter change was in line with seasonal trends.
“The strong momentum in commercial and multifamily borrowing
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