While the capital markets are moving again, loan activity has been significantly impacted by the pandemic. Commercial loan originations will likely fall by 40% this year compared to 2019 activity.

"Though the capital markets have certainly been disrupted by the COIVD-19 pandemic, there remains healthy activity and allocations from all major lending sources, albeit with lowered expectations for volume and a more conservative appetite for leverage and asset class," J.D. Blashaw, VP at MetroGroup Realty Finance, tells GlobeSt.com. "According to the Mortgage Bankers Association, commercial and multifamily loan volumes are expected to decrease by 40% in 2020 compared to 2019 when originations topped $600 billion, a peak since the last global financial crisis."

Now, lenders are focused on managing delinquencies and mitigating defaults of current loans. Multifamily, office and industrial loans are performing well and staying current. Blashaw says: According to the Mortgage Bankers Association, as of June 20th, loans that were current across asset classes were as follows:

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.