Image of Jamie Woodwell in video interview Banks appear to be shifting their focus to sectors other than multlifamily, says MBA’s Woodwell.

WASHINGTON, DC—Anecdotally, the perception may be that lenders in the commercial mortgage arena are tightening the purse strings; however, the hard numbers suggest otherwise. Data issued last week by the Mortgage Bankers Association show that total commercial/multifamily debt outstanding rose to $3.01 trillion at the end of the first quarter, marking the first time it has broken the $3-trillion mark. Moreover, the level of outstanding commercial/multifamily mortgage debt rose by $37.6 billion during Q1, a 1.3% increase over Q4 2016.