By
Michael Gerrity | World Property Journal
According to the Mortgage Bankers Association, originations of commercial and multifamily mortgages in the U.S. will grow to $414 billion in 2015, an increase of 7 percent from 2014 volumes, and continue to rise to $430 billion in 2016. Multifamily mortgages originated by mortgage bankers are forecast to be $152 billion in 2015.
“Commercial and multifamily real estate finance markets are strong,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research. “Rising property values, improving property fundamentals, low interest rates and higher loan maturity volumes should all help boost mortgage borrowing and lending in the coming year.”
Commercial-multifamily mortgage debt outstanding is expected to continue to grow in 2015, ending the year at $2.7 trillion, more than three percent higher than at the end of 2014.
