US DATA: Second quarter 2011 commercial and multifamily mortgage
loan originations were 107 percent higher than during the same period
last year and 52 percent higher than the revised figures for the first
quarter of 2011, according to the Mortgage Bankers Association’s (MBA)
Quarterly Survey of Commercial/Multifamily Mortgage Bankers
Originations. “Commercial/multifamily mortgage borrowing and lending
continues to rise from the depths of 2009 and 2010,” said Jamie
Woodwell, MBA’s Vice President of Commercial Real Estate Research.
“Greater stability in property fundamentals and prices, and an improving
sales market, are providing greater clarity for borrowers and lenders
alike. Property values and interest rates – coupled with job growth,
consumer spending, household growth and other macro-economic trends that
drive demand for commercial real estate – will be keys to how property
owners seek and qualify for mortgage financing going forward.”