The Smart Team of NOVA® Home Loans

Multi-Family Lending Led 2016 Commercial Market

Posted To: MND NewsWire

Fannie Mae and Freddie Mac were big players in the multi-family sector of the commercial real estate market last year. According to the Mortgage Bankers Association (MBA), the year just ended was the third highest on record f or commercial real estate originations, and the largest share of those originations were for multifamily properties. Jamie Woodwell, MBA’s Vice President for Commercial Real Estate Research, said that commercial and multifamily bankers closed $490.6 billion in loans in 2016, making the year the third largest on record. Multi-family originations were responsible for $214.1 billion, of the total, followed by office buildings, retail properties, hotel/motel, industrial and health care. First liens accounted for 97 percent of the total dollar volume closed. The 2016 volume…(read more)

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Source: Mortgage News Daily

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