At the same time, the MBA modestly lifted its 2022 full-year forecast to $766 billion from July’s projection of $733 billion, though that’s still down 14% from last year (and less than the $1 trillion it forecast for this year in January).
“Should the economy enter a recession, which has become considerably more likely, commercial and multifamily borrowing and lending would likely be further constrained,” Jamie Woodwell, MBA’s vice president for commercial real estate research, said in a statement.
-
The Surge in Green Commercial Lending: Embracing Sustainability in Finance Explore the rising trend of green commercial lending, as financial institutions introduce eco-friendly loan products, promoting sustainability in real estate and beyond.
Estimated reading time: 0 minutes, 35 seconds
MBA Cuts 2023 Projections for Commercial Lending
The Mortgage Bankers Association has slightly lowered its forecast for total commercial real estate production in 2023, to $848 billion from a projection of $872 billion in July. So reports Credit Union Times.
MOST READ STORIES
Fast,Easy & Free
