Finance (Research Center)
Commercial/Multifamily Lending to Increase 11% to $486 Billion in 2021
MBA is forecasting for commercial and multifamily mortgage bankers to close $486 billion of loans backed by income-producing properties in 2021.
Commercial/Multifamily Lending to Fall 34% in 2020
MBA expects commercial and multifamily mortgage bankers to close $395 billion of loans backed by income-producing properties, a 34 percent decline from 2019’s record volume of $601 billion.
2020 CMBS Delinquency Rates
The Trepp CMBS delinquency rate logged its fifth consecutive monthly decline following two large jumps in the reading in May and June of this year.
2020 Special Servicing Rates
The Trepp CMBS Special Servicing rate saw a reduction of 12 basis points in November coming in at 10.2 percent, in comparison to 10.3 percent in October.
Commercial/Multifamily Borrowing Falls in Q3
Compared to last year’s third quarter, commercial and multifamily originations were 47 percent lower.
Commercial/Multifamily Mortgage Debt Continued Rise in the Second Quarter of 2020
The level of commercial/multifamily mortgage debt outstanding increased by $43.6 billion (1.2 percent) to $3.76 trillion at the end of the second quarter.
Commercial/Multifamily Mortgage Delinquency Rates Affected by the Pandemic
Two recent reports from the Mortgage Bankers Association shed light on COVID-19’s impact on commercial and multifamily real estate.
Commercial/Multifamily Mortgage Debt Increases
The level of commercial/multifamily mortgage debt outstanding rose by $61.0 billion in the first quarter of 2020, reports MBA’s Jamie Woodwell.
2020 National Office Occupancy
Year-over-year office vacancy rate percentages compared nationally and by region, updated quarterly.
Commercial/Multifamily Borrowing Declines 2 Percent in the 1st Quarter
With stay-at-home measures in place and contractions in the job market and economy, challenging times will continue in the second quarter.