MBA Forecast: Higher Rates, Uncertainty to Slow Commercial/Multifamily Lending
Total commercial and multifamily mortgage borrowing and lending is expected to fall to $504 billion this year, a 38 percent decline from 2022’s $816 billion total. This is according to an updated baseline forecast released by the Mortgage Bankers Association.
MBA: Multifamily Lending Declined 1% in 2022 to $480 Billion
In 2022, 2,242 different multifamily lenders provided a total of $480.1 billion in new mortgages for apartment buildings with five or more units, the Mortgage Bankers Association’s annual report of the multifamily lending market said.
MBA Publishes Expanding Affordable Rental Housing Opportunities: A Progress Update
The Mortgage Bankers Association published a progress report on MBA 2023 Chair Matt Rocco’s priority, Affordable Rental Housing Strategy: Expanding Affordable Rental Housing Opportunities.
CREF Policy Update: Aug. 3, 2023
Commercial and multifamily developments and activities from MBA important to your business and our industry.
CBRE: Multifamily Market Continues to Stabilize
CBRE, Dallas, found the multifamily market showed signs of stabilization in the second quarter.
Dealmaker: Bandon Capital Advisors Secures Two Refinancing Transactions Near SoFi Stadium
Bandon Capital Advisors, Los Angeles, announced it arranged two refinancing transactions totaling $24.55 million for properties in Inglewood, Calif., across from the new NFL SoFi Stadium.
