{"id":1004769115,"date":"2025-08-25T01:32:00","date_gmt":"2025-08-25T09:32:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004769115"},"modified":"2025-08-22T03:34:56","modified_gmt":"2025-08-22T11:34:56","slug":"commercial-multifamily-borrowing-increased-66-percent-in-the-second-quarter-of-2025","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/commercial-multifamily-borrowing-increased-66-percent-in-the-second-quarter-of-2025\/","title":{"rendered":"Commercial\/Multifamily Borrowing Increased 66 Percent in Q2"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a2924acd2097&quot;}\" data-wp-interactive=\"core\/image\" class=\"aligncenter size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"600\" data-attachment-id=\"1004769118\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/commercial-multifamily-borrowing-increased-66-percent-in-the-second-quarter-of-2025\/0925_cpe_mba\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/0925_CPE_MBA.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"0925_CPE_MBA\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/0925_CPE_MBA.jpg?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/0925_CPE_MBA.jpg\" alt=\"A chart of loan originations from 2022 through 2025\" class=\"wp-image-1004769118\" style=\"width:550px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/0925_CPE_MBA.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/0925_CPE_MBA.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/0925_CPE_MBA.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Source: MBA<\/figcaption><\/figure><\/div>\n\n\n<p>Commercial and multifamily mortgage loan originations were 66 percent higher in the second quarter of 2025 compared to a year earlier, and increased 48 percent from the first quarter of 2025, according to the Mortgage Bankers Association\u2019s Quarterly Survey of Commercial\/Multifamily Mortgage Bankers Originations, released <a href=\"https:\/\/www.mba.org\/news-and-research\/newsroom\/news\/2025\/07\/31\/commercial-multifamily-borrowing-increased-66--in-the-second-quarter-of-2025\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">earlier this month<\/a>.\u00a0\u00a0<\/p>\n\n\n\n<p>Compared to a year earlier, a rise in originations for office, health care and industrial properties led to an overall increase in commercial\/multifamily lending volumes. There was a 140 percent year-over-year increase in the dollar volume of loans for office properties, a 77 percent increase for health-care properties, a 53 percent increase for industrial properties, and a 30 percent increase for retail properties. Originations for multifamily properties decreased 35 percent, and hotel property loan originations decreased 30 percent compared to the second quarter of 2024.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-breakdown-by-investor-and-property-type\">Breakdown by investor and property type<\/h2>\n\n\n\n<p>Among investor types, the dollar volume of loans originated for depositories increased by 108 percent year-over-year. There was a 93 percent increase in loans for investor-driven lenders, a 72 percent increase in loans for life insurance companies, a 59 percent increase in government sponsored enterprises (Fannie Mae and Freddie Mac) loans, and a 10 percent decrease in commercial mortgage-backed securities (CMBS) loans.\u00a0<\/p>\n\n\n\n<p>On a quarterly basis, second-quarter originations for industrial properties increased 102 percent compared to the first quarter of 2025. There was a 90 percent increase in originations for health-care properties, a 58 percent increase for retail properties, and originations for hotel properties were unchanged compared to the first quarter of 2025. Originations for <a href=\"https:\/\/www.commercialsearch.com\/news\/top-5-office-projects-under-construction-in-san-francisco\/\">office properties<\/a> decreased 18 percent, and multifamily originations decreased 41 percent compared to the first quarter of 2025.\u00a0<\/p>\n\n\n\n<p>\u2014Posted on August 25, 2025<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Among investor types, the dollar volume of loans originated for depositories increased by 108 percent year-over-year.<\/p>\n","protected":false},"author":3703,"featured_media":1004769118,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,37753,21742,37749],"tags":[47726],"class_list":["post-1004769115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-research-center-finance","category-latest","category-research-center-cpe","tag-mortgage-bankers-assocation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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