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April 18, 2019 Comments Off on MBA Report Details Record $574B in U.S. CRE Originations Views: 941 National News, Top National

MBA Report Details Record $574B in U.S. CRE Originations

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Mortgage bankers in the U.S. closed a record $573.9 billion in commercial, multifamily loans in 2018. The latest report by the Mortgage Bankers Association shows commercial bank portfolios were the leading capital source for loans originated in 2018, accounting for $174 billion of the total.

Government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac recorded the next highest volume, at $142.3 billion, with CMBS issuers, life insurance companies and pension funds, and REITs, mortgage REITs and investment funds holding the third slot.

MBA’s Jamie Woodwell says “Many capital sources rose to record levels of lending- including bank portfolios, life insurance companies, and the GSEs. Among property types, multifamily pulled even further ahead as the dominant lending target, growing to 46% of total mortgage banker lending – a series high.”

Multifamily properties experienced the highest volume of mortgage bankers’ origination volume, at $266.4 billion. Other property types included office (2), retail (3), industrial (4), hotel/motel (5) and healthcare (6). First liens accounted for 96% of the total dollar volume closed, notes MBA.

Additionally, the reported dollar volume of commercial and multifamily mortgages closed in 2018 jumped 8% over the volume reported in 2017.

MBA’s annual 2018 Rankings of the top CRE MF mortgage firms’ origination volumes included:
1. HFF
2. Wells Fargo
3. CBRE Capital Markets, Inc.
4. Key Bank
5. Eastdil Secured
6. JP Morgan Chase & Company
7. Meridian Capital Group
8. Bank of America Merrill Lynch
9. PNC Real Estate
10. Berkadia

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