Multifamily Lending in U.S. Hit New High of $285 Billion in 2017
Mortgage Bankers Association | November 01, 2018
According to the Mortgage Bankers Association's annual report on the U.S. multifamily lending market, strong market conditions helped fuel a 6 percent increase in multifamily lending in 2017, as lenders provided a record high $285 billion in new mortgages for apartment buildings with five or more units.
"The multifamily lending market in 2017 benefited from improving fundamentals, rising property values, and low-interest rates," said Jamie Woodwell, MBA's vice president of commercial real estate research.