MBA Chart of the Week: Multifamily Lending Trends

In this week’s Chart of the Week, we examine MBA’s 2025 Annual Report on Multifamily Lending, which found that multifamily mortgage lending staged a strong recovery in 2025, with origination volume climbing 32% to $381.8 billion.

MBA: Multifamily Lending Increased 32% to $382B in 2025

In 2025, 2,530 different multifamily lenders originated $381.8 billion in new mortgages for multifamily properties with five or more units, according to MBA’s annual report on the multifamily lending market.

MBA: Commercial/Multifamily Borrowing Increased 16% in the Second Quarter

Commercial and multifamily mortgage loan originations were 16% higher in the second quarter of 2026 compared to a year earlier, and increased 12% from the first quarter of 2026, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.