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Q3 Commercial and Multifamily Originations Up 21 Percent YoY

Phil Hall
Nov 09, 2017
Former Dallas Cowboys star and Football Hall of Fame member Emmitt Smith is returning to the commercial real estate industry with a new joint venture

Third quarter originations of commercial and multifamily mortgage loan originations were eight percent above the second quarter and 21 percent higher than one year earlier, according to new data from the Mortgage Bankers Association (MBA).
 
The MBA reported a 116 percent year-over-year increase in the dollar volume of loans for hotel properties during the third quarter, along with a 97 percent increase for health care properties, a 20 percent increase for industrial properties, a 15 percent increase for multifamily properties and an 8 percent increase in office property loans. However, retail property loans reported an eight percent decrease in retail property loans.
 
Among investor types, the dollar volume of loans originated for commercial mortgage-backed securities (CMBS) loans increased by 42 percent year-over-year. MBA also record a 22 percent year-over-year increase for government-sponsored enterprises’ loans, a 21 percent increase in dollar volume of commercial bank portfolio loans, but a two percent decrease in the life insurance company loans.
 
“Borrowing and lending associated with commercial and multifamily real estate increased again in the third quarter, even as sales transaction volume slowed,” said Jamie Woodwell, MBA Vice President of Commercial Real Estate Research. “Most property types and capital sources saw stronger lending activity than a year earlier, supported by solid property fundamentals and continued property value appreciation.”

 
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