MBA Analysis Pegs 2011 Multifamily Lending at $110 billion, Up 60% From 2010

MBA Analysis Pegs 2011 Multifamily Lending at $110 billion, Up 60% From 2010

WASHINGTON, D.C. – October 4, 2012 – (RealEstateRama) — In 2011, 2,653 different multifamily lenders provided a total of $110.1 billion in new mortgages for apartment buildings with five or more units, according to a report from the Mortgage Bankers Association (MBA). The 2011 dollar volume represents a 60 percent increase from 2010 levels. Seventy-two percent of the active lenders made five or fewer multifamily loans over the course of the year.

The top five multifamily lenders in 2011, measured by total dollar volume, were Wells Fargo Bank N.A., JP Morgan Chase, CBRE Capital Markets, Inc., PNC Real Estate, and Berkadia.

“The $110 billion of borrowing and lending backed by multifamily apartment buildings in 2011 was more than double the amount of just two years earlier,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research. “The growth is a testament to the improvements in both the underlying multifamily property markets and the broader capital markets.”

The MBA report is the most comprehensive view available of the multifamily lending market and includes:

• A detailed summary of the $110.1 billion multifamily market,
• Profiles of distinct market segments, including the very-small loan (loans of $1 million or less) lender segment,
• A listing of 2,653 lenders who made multifamily loans in 2011, including their lending volume, number of loans made and average loan size; and
• A listing of metropolitan areas and the volume of very-small loans made in each in 2011.

The report is based on data from the MBA 2011 Commercial Multifamily Annual Origination Volume Summation and the Home Mortgage Disclosure Act (HMDA). The MBA survey targets specialized commercial/multifamily originators and covered $184 billion in commercial/multifamily loans in 2011. The HMDA data adds multifamily loans from banks, thrifts and other institutions that meet certain single-family origination thresholds. When combined, the two datasets provide the most comprehensive assessment of the multifamily mortgage market available.

To purchase the report, please visit the following Web link:
http://store.mortgagebankers.org/ProductDetail.aspx?product_code=EC6-300031-RP-I.

For members of the news media who want more information from or about the study, contact Matt Robinson at or 202-557-2727.

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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,200 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field. For additional information, visit MBA’s Web site: www.mortgagebankers.org.

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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

Contact:

Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005

Phone: (202) 557-2700

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