MBA Reports Strong Q2 Multifamily Originations

(Read more on the multifamily market and the debt and equity markets.)

WASHINGTON, DC-Commercial and multifamily mortgage bankers’ loan originations remained steady–indeed increased–in Q2, according to new figures by the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. According to the survey, loan originations rose 40% over the same period last year–an increase seen across most property types and investor groups. Q2 originations also increased on a quarter-over-quarter basis.

Driving the growth were increases in CMBS conduit loans and loan financing hotel properties, MBA found, as well as the spate of REIT privatizations. Large loans dominated the landscape this quarter, according to Jamie Woodwell, MBA’s senior director of Commercial/Multifamily research. Without these large hotel deals, though, overall originations would have increased approximately 27% and conduit originations by 42% between Q2 2006 and Q2 2007.