Posted To: MND NewsWire
Multifamily properties led the list of investments in what was a record year of of commercial and multifamily lending in 2018. Commercial and multifamily mortgage bankers closed $573.9 billion in loans during the year according to results from a Mortgage Bankers Association (MBA) survey. The total represents an 8 percent increase from the volume in 2017. Multifamily lending accounted for $266.4 billion in lending volume . This category was followed by office buildings, retail properties, industrial, hotel/motel and health care. Ninety-six percent of the volume was in senior lien lending. The largest source of funding at $174.0 billion was commercial bank portfolios followed by the government sponsored enterprises (GSEs). Fannie Mae and Freddie Mac were responsible for $142 billion. Remaining...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://bit.ly/2D8xaI5
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