MBA Forecasts Slight Decline for Commercial/Multifamily Originations in 2018

Ali Ahmad
(202) 557- 2727

WASHINGTON, D.C. (May 3, 2018) - The Mortgage Bankers Association (MBA) projects commercial and multifamily mortgage originations will decline slightly in 2018, ending the year at $519 billion, down two percent from the 2017 volumes. MBA expects volumes to remain at roughly that level in 2019 as well. MBA forecasts mortgage banker originations of just multifamily mortgages at $231 billion in 2018, with total multifamily lending at $257 billion. After strong growth in recent years, multifamily lending is expected to hold roughly steady in 2019.

"Last year was a record for commercial and multifamily borrowing and lending," said Jamie Woodwell, MBA's Vice President of Commercial Real Estate Research. "Lending terms remain extremely attractive, and we expect another strong year in 2018, although perhaps not quite as strong as 2017."

Commercial/multifamily mortgage debt outstanding is expected to continue to grow in 2018, ending the year seven percent higher than at the end of 2017.

MBA's commercial/multifamily members can download a copy of MBA's Commercial/Multifamily Real Estate Finance Forecast at