MBA Forecasts $300 Billion of 2014 Commercial/Multifamily Mortgage Originations

February 13, 2014

The Mortgage Bankers Association (MBA) projects originations of commercial and multifamily mortgages will grow to $300 billion in 2014, a 7 percent increase from 2013 volumes, and continue to rise to $333 billion in 2016. Originations of multifamily mortgages are forecast at $116 billion in 2014.

“Early indications are that commercial and multifamily lenders increased originations by 15 percent in 2013,” said Jamie Woodwell, MBA’s vice president of commercial real estate research. “This year will once again see fewer loans coming up against their maturities. But with still low interest rates, improving property fundamentals, a rebound in property prices, and higher loan maturity volumes on the horizon, we anticipate mortgage originations will continue to increase in 2014.”

Commercial/multifamily mortgage debt outstanding is expected to continue to grow in 2014, ending the year at almost $2.6 trillion, more than three percent higher than at the end of 2013. By the end of 2016, mortgage debt outstanding is forecasted to approach $2.7 trillion. MBA released its forecast of the commercial/multifamily real estate finance markets today at its Commercial Real Estate/Multifamily Housing Finance (CREF) Convention in Orlando.

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