CRE Loan Volume Up 20% Year-Over-Year

“”Borrowing and lending backed by commercial and multifamily properties has been strong the first half of this year,” says MBA’s Jamie Woodwell.

WASHINGTON, DC—Second-quarter commercial and multifamily mortgage loan originations were 20% higher than during the same period last year and up 28% over Q1 of 2017, the Mortgage Bankers Association said Tuesdays. The results of MBA’s latest Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations compared favorably with Q2 results over the past few years.

Q2 of 2016 saw a year-over-year increase of 1% and a rise of 17% over the previous quarter. In 2015, the Y-O-Y and quarter-over-quarter increases for Q2 were 29% and 16%, respectively. Loan originations were down 2% Y-O-Y in Q2 of 2014, but up 34% from Q1. MBA’s origination volume index, which uses 2001 as a baseline, gives Q2 of this year an index of 254, compared with 212 a year ago.