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Commercial/Multifamily Originations Rise 25% in Q2

WASHINGTON, DC-Retail and hotels drove much of the increase. Of course, last year the market saw the same positive bump in originations at this time. Then it promptly froze due to the euro crisis and other woes.

By Erika Morphy | Updated on August 01, 2012

WASHINGTON, DC-The second-quarter saw a nice uptick in commercial and multifamily mortgage originations, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. Namely, they were up 25% from Q2 of 2011.

Of course, last year the market saw the same positive bump in originations at this time—and then it promptly froze due to the euro crisis, US sovereign downgrade and Congressional infighting. The same series of events are unfolding this year, but Jamie Woodwell, MBA’s vice president of Commercial Real Estate Research, tells GlobeSt.com he is hopeful the market will be more resilient this time around.

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