Multifamily Lending Hit More Than $359B In 2020
The Mortgage Bankers Association's annual report on multifamily lending reported $359.7 billion in multifamily lending volume, across 2,140 different lenders in the sector.
The Mortgage Bankers Association's annual report on multifamily lending reported $359.7 billion in multifamily lending volume, across 2,140 different lenders in the sector. This marks a 1% decrease from 2019's record volume of $364.4 billion.
“Multifamily borrowing and lending remained strong in 2020, despite the COVID-19 pandemic,” said Jamie Woodwell, MBA's vice president of Commercial Real Estate Research. “Robust financing for properties, increased refinancing activity through government-backed loans, and consistent mortgage availability from banks led the market to a level of mortgage originations that was essentially flat from the record year of 2019.”
The MBA also broke its findings down by dollar volume, reporting 46% of the total went to the Government Sponsored Enterprises. Meanwhile, Walker & Dunlop, Berkadia, CBRE, Wells Fargo and Greystone rounded out the top five multifamily lenders for 2020 by dollar volume.
Read more from the MBA's 2020 Commercial Multifamily Annual Originator Volume Summation.