Image of Jamie Woodwell in video interview For commercial/multifamily
lending, “the net effect is likely to be close to a wash,” says MBA’s Jamie Woodwell.

SAN DIEGO—“There is a strong mix of both headwinds and tailwinds in the commercial real estate finance markets right now,” says Jamie Woodwell, VP of commercial real estate research at the Mortgage Bankers Association. Accordingly, for commercial and multifamily mortgage borrowing and lending, “the net effect is likely to be close to a wash.”

MBA is projecting a 3% decline in total commercial and multifamily mortgage originations this year to $549 billion, with 2019 likely to end with a similar total. To put that figure into perspective, MBA’s preliminary numbers for 2017 originations, released at the association’s annual CREF/Multifamily Housing Convention & Expo running here through Wednesday, point to a record-breaking year with a 15% annual increase from 2016.

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