{"id":1004798562,"date":"2026-05-18T12:50:32","date_gmt":"2026-05-18T20:50:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004798562"},"modified":"2026-05-19T04:54:00","modified_gmt":"2026-05-19T12:54:00","slug":"commercial-real-estate-borrowing-and-lending-increased-40-percent-in-2025","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/commercial-real-estate-borrowing-and-lending-increased-40-percent-in-2025\/","title":{"rendered":"Commercial Real Estate Lending, Borrowing Jumped 40% in 2025"},"content":{"rendered":"
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Source: Mortgage Bankers Association<\/figcaption><\/figure><\/div>\n\n\n

Total commercial real estate mortgage borrowing and lending is estimated to have totaled $706 billion in 2025, a 40 percent increase from the $505 billion in 2024, and a 65 percent increase from $429 billion in 2023. This is according to the Mortgage Bankers Association\u2019s (MBA) 2025 Commercial Real Estate\/Multifamily Finance Annual Origination Volume Summation, released in April<\/a>.<\/p>\n\n\n\n

MBA\u2019s survey tracked $606 billion of loans closed by dedicated commercial mortgage bankers in 2025 – 48 percent more than the $411 billion reported in 2024. Activity from smaller and mid-sized depositories is estimated from other data sources to arrive at the $706 billion estimate for the total market.<\/p>\n\n\n\n

As capital markets conditions stabilized in 2025, there was a meaningful rebound in commercial real estate lending activity, with originations increasing 40 percent from 2024 and rising sharply from the prior two years. The strength in multifamily originations, combined with increased lending from depositories and a return of capital from other lender groups, reflects growing confidence across the commercial real estate finance market. While challenges remain, particularly around refinancing and asset valuations, the significant pickup in activity underscores the market\u2019s ability to adapt to a higher-rate environment.<\/p>\n\n\n\n

Commercial real estate lending across property types<\/h2>\n\n\n\n

Among different property types, multifamily properties saw the highest volume last year, with an estimated $413 billion of total lending and $299 billion directly tracked by dedicated mortgage bankers. First liens accounted for 95 percent of the mortgage bankers\u2019 dollar volume closed.<\/p>\n\n\n\n

Dedicated mortgage banking firms reported closing $606 billion of CRE loans in their own names and serving as intermediaries on $440 billion. Firms reported serving as investment sales brokers for $332 billion of deals.<\/p>\n\n\n\n

\u2014Posted on May 18, 2026<\/p>\n","protected":false},"excerpt":{"rendered":"

MBA’s analysis shows a “meaningful rebound” as capital markets stabilized. <\/p>\n","protected":false},"author":3703,"featured_media":1004798563,"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-1004798562","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":"\nCommercial Real Estate Lending, Borrowing Jumped 40% in 2025 - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"MBA's analysis shows a "meaningful rebound" as capital markets stabilized.\" \/>\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\/commercial-real-estate-borrowing-and-lending-increased-40-percent-in-2025\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Commercial Real Estate Lending, Borrowing Jumped 40% in 2025\" \/>\n<meta property=\"og:description\" content=\"MBA's analysis shows a "meaningful rebound" as capital markets stabilized.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/commercial-real-estate-borrowing-and-lending-increased-40-percent-in-2025\/\" \/>\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=\"2026-05-18T20:50:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-19T12:54:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/0626_CPE_MBA.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"MBA Research\" \/>\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\/commercial-real-estate-borrowing-and-lending-increased-40-percent-in-2025\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/commercial-real-estate-borrowing-and-lending-increased-40-percent-in-2025\/\",\"name\":\"Commercial Real Estate Lending, Borrowing Jumped 40% in 2025 - 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