Estimated reading time: 0 minutes, 27 seconds

Commercial Mortgage Originations Fall 13% in Q3: MBA

Friday, Nov 11 2022
Commercial Lending
Written by  The Mortgage Leader

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.

Read 1016 times
Rate this item
(0 votes)
More in this category: « Commercial Real Estate Tide Turns as Negative Leverage Jumps Realtors Predict Modest Drop in Commercial Real Estate Prices »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline