Finance (Research Center)
“Non-Traditional” Lenders
Between 2016 and 2017, the dollar volume of loans reported intermediated for REITs, mortgage REITS and specialty finance companies; for credit companies; and for other “non-traditional” lenders grew by 56 percent.
Commercial and Multifamily Mortgage Debt Outstanding
During the first three months of 2018, commercial and multifamily mortgage debt outstanding increased more than during any other first quarter since before the Great Recession.
Commercial & Multifamily Debt Outstanding
Record-setting growth across sectors characterized 2018’s first quarter, reported Jamie Woodwell, vice president of commercial real estate research with the Mortgage Bankers Association.
GSE Multifamily Activity
MBA’s commercial/multifamily mortgage bankers origination index reported an 8 percent increase in the dollar volume of loans closed for Fannie Mae and Freddie Mac between the first quarter of 2017 and the first quarter of 2018.
Originations by Lender
Commercial banks and savings institutions constituted the most active investor group in 2017, with $151.2 billion in activity (29 percent of total volume).
Multifamily Originations Continue to Climb
Multifamily property loans accounted for 44 percent of closed loan activity in 2017, compared to 23 percent a decade earlier, according to Mortgage Bankers Association data.
Top 10 Commercial & Multifamily Mortgage Originators
The report tracks 135 firms’ total originations activity, and includes breakouts for loans in which the firm acted as a lender and as an intermediary.
Delinquency Rates and Range
Commercial and multifamily mortgages ended 2017 continuing to perform extraordinarily well.
CRE, Multifamily Mortgages End 2017 Strong
The market tailwinds of strong fundamentals, increasing property values and ready access to mortgage and other credit all put downward pressure on delinquency rates, according to an MBA analysis.
Non-Bank Commercial/Multifamily Loan Maturities
Because many commercial and multifamily mortgages are 10-year loans, and little debt was issued in 2008 during the onset of the credit crunch, mortgage maturities are 42 percent lower this year than last.