SAN DIEGO – The Mortgage Bankers Association said total commercial and multifamily mortgage borrowing and lending is expected to fall to $684 billion this year, a 15 percent decline from an expected 2022 total of $804 billion.
Tag: MBA Commercial/Multifamily Real Estate Finance Forecast
COVID-19 Pandemic to Cause Commercial/Multifamily Lending Pullback This Year
Commercial and multifamily mortgage bankers are expected to close $248 billion of loans backed by income-producing properties this year, a 59 percent decline from 2019’s record volume of $601 billion, a new Mortgage Bankers Association forecast said.