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.