Strong Year Projected For Multifamily, Commercial Originations
It’s projected 2019 will be a record-tying year for multifamily and commercial real estate originations. The Mortgage Bankers Association expects multifamily and commercial real estate originations will total $530 billion, which would tie 2017’s record-breaking year.
Stable equity and debt availability are driving the record level of originations, according to a National Mortgage News report. Jamie Woodwell, the Mortgage Bankers Association’s vice president of commercial real estate research, said in a press release that slowing global and domestic growth may have an impact on overall demand, but readily available equity and debt for commercial real estate should support transaction volumes.
Health care properties are keeping the market robust. According to the piece, health care properties had a 61 percent year-over-year increase in dollar volume in the fourth quarter of 2018. Multifamily properties posted a 32 percent annual increase and industrial properties rose 28 percent