{"id":1004257886,"date":"2018-08-15T07:59:43","date_gmt":"2018-08-15T15:59:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004257886"},"modified":"2022-12-06T14:29:43","modified_gmt":"2022-12-06T22:29:43","slug":"non-traditional-lenders","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/non-traditional-lenders\/","title":{"rendered":"“Non-Traditional” Lenders"},"content":{"rendered":"

by Jamie Woodwell and Reggie Booker<\/p>\n

Commercial\/multifamily mortgages intermediated to “non-traditional” lenders; $ in billions<\/h2>\n
\"\"<\/a>

Source: MBA CREF Database<\/p><\/div>\n

The role of \u201cnon-traditional\u201d lenders in commercial real estate finance increased significantly in 2017, but there is far more discussion about this than there is actual data. To date, MBA\u2019s origination surveys have not fully captured the sector, and the Federal Reserve\u2019s Z1 and other data sources also appear to be missing a full and accurate picture of their activities. One glimpse into the changing role of debt funds and other \u201cnon-traditional\u201d commercial real estate lenders comes through the dollar volume of loans being sourced for them by intermediaries. MBA\u2019s annual origination survey asks originators to break their volume out between loans that they close in their own name (in which they act as the lender) and loans that they originate that are closed in someone else\u2019s name (in which they act as an intermediary). 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 \u201cnon-traditional\u201d lenders (i.e., not for banks, life companies, CMBS, GSEs or FHA) grew by 56 percent\u2014from $33 billion to $51 billion. These numbers could include some double-counting and do not include any direct originations by debt funds, but they do give one of the clearest pictures to date of the increasing role of \u201cnon-traditional\u201d lenders.<\/p>\n

Jamie Woodwell is the Mortgage Bankers Association\u2019s vice president of commercial real estate research.<\/i><\/p>\n

Reggie Booker is the Mortgage Bankers Association\u2019s associate director of commercial real estate research.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

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 \u201cnon-traditional\u201d lenders grew by 56 percent.<\/p>\n","protected":false},"author":749,"featured_media":1004257841,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37753],"tags":[34040],"class_list":["post-1004257886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-research-center-finance","tag-mortgage-bankers-association"],"acf":[],"yoast_head":"\n"Non-Traditional" Lenders - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/non-traditional-lenders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\""Non-Traditional" Lenders\" \/>\n<meta property=\"og:description\" content=\"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 \u201cnon-traditional\u201d lenders grew by 56 percent.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/non-traditional-lenders\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-15T15:59:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T22:29:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/918_MBA.png\" \/>\n\t<meta property=\"og:image:width\" content=\"792\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Michelle Matteson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/non-traditional-lenders\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/non-traditional-lenders\/\",\"name\":\"\\\"Non-Traditional\\\" Lenders - 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