In its second annual forecast of the commercial/multi-family real estate finance markets, the Mortgage Bankers Association (MBA) projects originations of commercial and multi-family mortgages will grow to $254 billion in 2013, an increase of 11 percent from 2012 volumes, and continue to rise to $289 billion in 2015. Originations of multi-family mortgages are forecast at $100 billion in 2013.
“2012 was a strong year for the commercial and multi-family mortgage markets, and 2013 is shaping up to continue the growth,” said Jamie Woodwell, MBA’s vice president of commercial real estate research. “Despite a 21 percent decline in the volume of commercial and multi-family mortgages maturing this year, we expect origination volumes and the amount of mortgage debt outstanding will both increase. Our forecast anticipates Fannie Mae, Freddie Mac and FHA, as well as life insurance companies, will all continue to have strong appetites for making loans, and – coupled with growth in originations for CMBS – the total market will continue to expand.”