"The strength in new lending during the second quarter is not atall surprising," says MBA Commercial/Multifamily Research vicechair Jeff Weidell. "With interest rates at or near their lowestpoint in more than 40 years, the cost of financing new transactionsand refinancing existing commercial debt presented an unprecedentedopportunity for most market participants, and has been the majorfactor in driving up loan demand." Retail properties saw thebiggest jump in lending volume with a 44% increase over lastquarter's numbers. However, it was the multifamily sector thataccounted for the majority of the lending activity, taking 51% ofthe billions of dollars in originations.

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