According to the MBA’s 2019 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation report, commercial and multifamily mortgage bankers closed a record $600.6 billion of loans last year.
In its press release, the MBA mentioned that commercial bank portfolios were the leading capital source for originated loans in 2019, followed by the GSEs, commercial-backed securities issuers, life insurance companies and pension funds, REITS, mortgage REITS, and investment funds.
First liens accounted for 94% of the total dollar volume that was closed in 2019, while multifamily properties had the largest volume of originated loans at $287.2 billion – followed by office buildings, industrial properties, retail, hotels/motels, and health care.
In addition, the MBA noted that the reported dollar volume of commercial and multifamily mortgages that were closed in 2019 was 5% higher than the volume seen in 2018.
Those interested in purchasing a copy of the MBA’s 2019 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation report may do so on the Association’s website.