The period marked the lowest-volume first quarter—historically the lowest-volume quarter of the year—since 2014.
Commercial real estate originations started falling in the third quarter of last year, according to the MBA.
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Commercial and multifamily loan originations in the first quarter of 2023 were down 42% from the previous quarter and 56% from a year before, according to the Mortgage Bankers Association. So reports GlobeSt.com.
The period marked the lowest-volume first quarter—historically the lowest-volume quarter of the year—since 2014.
Commercial real estate originations started falling in the third quarter of last year, according to the MBA.