U.S. Commercial Lending to Increase 11 Percent to $486 Billion in 2021
SIGN UP ON AMAZON WEDDING LIST NOW AND EARN GREAT COMMISSION According to new predictions by the Mortgage Bankers Association, U.S. commercial and multifamily mortgage bankers are expected to close $486 billion of loans backed by income-producing properties in 2021, an 11 percent increase from 2020's estimated volume of $440 billion. Total multifamily lending alone, which includes some loans made by small and midsize banks not captured in the overall total, is forecast to rise to $323 billion in 2021 - a 7 percent increase from last year's estimated total of $302 billion. MBA anticipates additional increases in lending volumes in 2022, with activity rising to $539 billion in commercial/multifamily mortgage bankers originations and $358 billion in total multifamily lending. "The COVID-19 pandemic took a heavy toll on commercial and multifamily property sales and mortgage originations in 2020," said Jamie Woodwell, MBA's Vice President for Commercial Real Estate R...