Posted August 15, 2017
Loan originations for commercial and multifamily properties in the second quarter of 2017 jumped 20 percent from the second quarter of 2016, according to data from the Mortgage Bankers Association. Such loan originations were 28 percent higher than in the first quarter of the year.
“The second quarter saw a 91 percent year-over-year increase in the dollar volume of loans for industrial properties, a 33 percent increase for office properties, a 21 percent increase for multifamily properties, a 14 percent increase for hotel properties, a 7 percent increase in health care property loans, and a 9 percent decrease in retail property loans,” MBA reports.
It finds that the jump in loan originations comes despite a slowdown in the volume of sales transactions.