Commercial and multifamily mortgage loan originations were 49% lower in the third quarter of 2023 compared to a year ago, and decreased 7% from the second quarter, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. 

Commercial and multifamily developments and activities from MBA important to your business and our industry.

CBRE, Dallas, found that average multifamily rent growth slowed to 0.7% year-over-year in the third quarter amid an influx of deliveries of new units.

Industry news from M&T Realty Capital Corp., City First Bank, NewPoint and HUD.

The Urban Land Institute, Washington, D.C., and PwC, London, released their annual Emerging Trends in Real Estate 2024 report, highlighting the “Great Reset” present in the industry.

The Boulder Group, Wilmette, Ill., reported cap rates in the single-tenant net lease sector increased for the sixth consecutive quarter, largely due to higher interest rates.

NewPoint Real Estate Capital, Plano, Texas, provided $22.5 million in HUD/FHA 221(d)(4) construction-to-permanent financing for the development of a workforce housing community being built in Victor, Idaho, near the state’s border with Wyoming.