Commercial real estate borrowing and lending continued at a strong clip in the second quarter, according to data from the Mortgage Bankers Association.
Second-quarter commercial and multifamily mortgage loan originations rose 29% from the same period a year ago, the MBA said, driven mainly by surges in dollar volume in loan originations for multifamily property (58%) and industrial property (32%) on a year-over-year basis.
The dollar volume for health care property loan originations fell 50%. Meanwhile, it increased for office (22%), retail (17%) and hotel (16%) properties.
Loans originated for Fannie Mae and Freddie Mac increased 113% from a year ago, as did loans for commercial bank portfolios (64%) and life insurance companies (14%). The dollar volume for loans placed in commercial mortgage-backed securities fell 17%.
