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Multifamily Lending Hit New High in 2016

“Market momentum has continued in 2017, with strong demand from borrowers and a strong appetite to lend,” says Jamie Woodwell with the Mortgage Bankers Association.

By Paul Bubny | Updated on October 20, 2017

Jamie Woodwell of the Mortgage Bankers Association “Strong property performance, rising property values and low mortgage rates” all gave multifamily borrowers greater access to credit in 2016, says MBA’s Jamie Woodwell.

WASHINGTON, DC—The Mortgage Bankers Association said Thursday that multifamily lending was up 8% year over year for 2016. Although the Y-O-Y increase was smaller than the 28% rise seen in 2015, nonetheless it established a new high for lending in the sector, and MBA data show that the current year reflects further progress.

Last year saw a total of $269.2 billion in new mortgages for apartment buildings with five or more units, MBA says. The previous high water mark was established with the $249.8 billion in multifamily loans that were provided in ’15.

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