Today MBA released their Quarterly Index of Commercial/Multifamily Mortgage Bankers Originations for the first quarter of 2017, showing a nine percent increase in commercial and multifamily mortgage loan originations for the first quarter of 2017, compared to the same period last year. In line with the seasonality of market, first quarter originations were 27 percent lower than the fourth quarter of 2016.

Multifamily properties remain the key force behind overall originations trends, and the GSEs continue to drive multifamily originations. Matching broader investment themes, financing backed by industrial properties also picked up, while retail declined.

The Details:
• A rise in originations for industrial, health care and multifamily properties led the overall increase in commercial/multifamily lending volumes when compared to the first quarter of 2016.
• The first quarter saw a 40 percent year-over-year increase in the dollar volume of loans for industrial properties, a 22 percent increase for health care properties, a 14 percent increase for multifamily properties, a 2 percent increase for office properties, a 23 percent decrease in retail property loans, and a 40 percent decrease in hotel property loans.
MBA’s Quarterly Index of Commercial/Multifamily Mortgage Bankers Originations provides updates on changes in the originations market, details changes in the volume of loans originated and breaks the data down by property type and investor type. It’s available for download, free of charge, at MBA’s web site.
Provided by Jamie Woodwell
Vice President, Commercial Real Estate Research
Mortgage Bankers Association