WASHINGTON, DC-The second-quarter saw a nice uptick incommercial and multifamily mortgageoriginations, according to the Mortgage BankersAssociation’s Quarterly Survey of Commercial/MultifamilyMortgage Bankers Originations. Namely, they were up 25% from Q2 of2011.
Of course, last year the market saw the same positive bump inoriginations at this time—and then it promptly froze due to theeuro crisis, US sovereign downgrade and Congressional infighting.The same series of events are unfolding this year, butJamie Woodwell, MBA’s vice president of CommercialReal Estate Research, tells GlobeSt.com he is hopeful the marketwill be more resilient this time around.
“In some ways we've seen the CMBS market and its standingrelative to European and other markets change a bit,” he says.“There are a different set of relationships.”
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
