Following an anticipated record year of lending in 2019, commercial and multifamily mortgage originators expect 2020 to be another strong year in activity, according to the Mortgage Bankers Association’s 2020 Commercial Real Estate Finance Outlook Survey.
The rise of debt funds, mortgage real estate investment trusts and other players broadly referred to as “investor-driven lenders” has been at the heart of the commercial real estate finance narrative this cycle–particularly in recent years.
Commercial and multifamily mortgage bankers are expected to close a record $683 billion of loans backed by income-producing properties in 2020, a 9 percent increase from 2019’s anticipated record volume of $628 billion, according to a new Mortgage Bankers Association forecast.
The commercial real estate financing world will look a little different in 2020.
The Mortgage Bankers Association released an interview with Walker and Dunlop Senior Vice President and Chief Production Officer, FHA, Stephanie Wiggins.
Capital One, McLean, Va., added three originators to its multifamily finance team.
Merchants Capital, Carmel, Ind., secured more than $37 million for three New York supportive housing developments utilizing the Freddie Mac Unfunded Forward Commitment program.
November U.S. commercial property prices rose at the fastest annual pace since early 2018, reported Real Capital Analytics, New York.
Recent apartment construction far exceeds construction seen in the previous decade. But apartment demand is even stronger, said Berkadia and Realpage.
New supply continues to depress self-storage rates, which dropped in about 75 percent of the top markets tracked by Yardi Matrix in November 2019.