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Commercial Mortgage Originations Fall 13% in Q3: MBA

A new survey by the Mortgage Bankers Association has found that commercial and multifamily mortgage loan originations were down 13% year-over-year for the three months ending September 30. So reports MortgageOrb.

arrow 24112 640 smallLending backed by office properties fell 44%, multifamily 16%, retail 6% and industrial 4%, while originations for hotel properties jumped 24% and health care soared 61%.

“After a strong first half of the year, rising interest and capitalization rates began to affect deal volume during the third quarter," MBA’s head of commercial real estate research, Jamie Woodwell, said in a news statement.

Read the full article from MortgageOrb.

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