
Commercial and Multifamily Borrowing Sees 72% Year-Over-Year Increase in Q1
Commercial and multifamily mortgage loan originations rose 72% in the first quarter compared with a year ago but were 39% lower than the prior three months, according to the Mortgage Bankers Association. For multifamily properties specifically, the MBA’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations found that they experienced a 57% year-over-year increase in lending volumes and a 41% decrease quarter over quarter, which is typical for the first quarter. “The strong momentum in commercial