After seeing considerable growth in borrowing and lending in the commercial and multifamily sectors in 2021, the Mortgage Bankers Association tells the industry not to expect a repeat performance this year.
"Holding steady" is forecast for commercial mortgage borrowing and lending, with multifamily lending alone expected to decline 11 percent from last year's estimated record of $470 billion.
Jamie Woodwell, MBA's vice president for commercial real estate research, explained that the interest rate and economic outlook has shifted since MBA's updated its commercial real estate finance forecast in February.
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