MBA Chart of the Week: Multifamily Mortgage Originations by Investor Group

In 2014, 2,876 lenders closed 40,974 multifamily mortgages for a total of $195 billion. 

The multifamily lending market is extremely diverse, with the largest lender closing 5,768 loans for a total of $16.9 billion and the smallest lender closing one multifamily loan for less than $50,000.

One-quarter of the lenders active in multifamily lending in 2014 made only one loan and two-thirds made five or fewer. And lenders with an average loan size of $3 million or more accounted for only 9 percent of all lenders but for 79 percent of the mortgage debt flowing to multifamily borrowers.  

Bank portfolios, with an average loan size of $2.2 million, accounted for the largest share of multifamily lending, followed by the GSEs, with an average loan size of $15 million.  

To view the Chart of the Week, click https://www.mba.org/news-research-and-resources/forecasts-data-and-reports/forecasts-and-commentary/chart-of-the-week.  

(Jamie Woodwell is vice president of commercial/multifamily research with the Mortgage Bankers Association; Reggie Booker is associate director of commercial real estate research with the Mortgage Bankers Association.)