Commercial/Multifamily Borrowing Up in the Fourth Quarter of 2025

Commercial and multifamily mortgage loan originations were 30% higher in the fourth quarter of 2025 compared to a year earlier, and increased 25% from the third quarter of 2025, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations released at the 2026 Commercial/Multifamily Finance Convention and Expo.

MBA: Multifamily Lending Increased 17% to $289B in 2024

In 2024, 2,463 different multifamily lenders originated $288.7 billion in new mortgages for multifamily properties with five or more units, according to MBA’s annual report on the multifamily lending market.

20% of Commercial and Multifamily Mortgage Balances Mature in 2025

Twenty percent ($957 billion) of $4.8 trillion of outstanding commercial mortgages held by lenders and investors will mature in 2025, a 3% increase from the $929 billion that matured in 2024, according to the Mortgage Bankers Association’s 2024 Commercial Real Estate Survey of Loan Maturity Volumes, released Feb. 10 at the 2025 Commercial/Multifamily Finance Convention and Expo.

CBRE: Urban Retail on the Road to Recovery

CBRE, Dallas, released a new report showing that, despite some current perceptions, the overall landscape for urban retail is making a solid recovery.