Magazine article Mortgage Banking

MBA: Q1 Commercial/multifamily Originations Down from Q4 2006

Magazine article Mortgage Banking

MBA: Q1 Commercial/multifamily Originations Down from Q4 2006

Article excerpt

While down from the fourth quarter of 2006, commercial and multifamily mortgage bankers' loan originations rose 37 percent during the first quarter of 2007 compared with the same period the previous year. An increase was seen across all property types and most investor groups, according to the Mortgage Bankers Association.

MBA's Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations noted that the increase in commercial/multifamily lending activity during the first quarter was driven by increases in originations for all property types.

"Increases in total commercial/multifamily mortgage originations were led by increases in commercial mortgage-backed securities [CMBS] conduit loans and loans financing office properties," explained Jamie Woodwell, MBA's senior director of commercial/multifamily research. "The strong first quarter included heavy volume driven by real estate investment trust [REIT] privatizations and continues a trend of first-quarter-over-first-quarter increases going back to the beginning of MBA's survey, which was first released in 2001."

When compared with the first quarter of 2006, MBA noted the overall increase included a 64 percent increase in loans for healthcare properties, a 62 percent increase in loans for office properties, a 37 percent increase in loans for hotel properties, a 26 percent increase in loans for multifamily, a 25 percent increase in loans for retail properties and a 14 percent increase in loans for industrial properties. …

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