Anyone who has wondered if it is worthwhile to ask a bank for a CRE loan probably has good reason to doubt. A new report from the Mortgage Bankers Association (MBA) predicts a 46% slump from $816 billion in 2022 to $442 billion this year in commercial and multifamily mortgage borrowing and lending.
This updated baseline forecast reveals that multifamily lending alone is likely to plummet 41% to $285 billion this year – compared to $480 billion in 2022.
The outlook for 2024 could be rosier, however. The MBA forecast is for commercial real estate lending to hit $559 billion then, with multifamily grabbing $339 billion of that total.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
