Did multifamily market meet banner year expectations?

“Multifamily borrowing and lending remained robust in 2020, regardless of the COVID-19 pandemic,” mentioned Jamie Woodwell, vp of business actual property analysis at MBA. “Strong financing for properties elevated refinancing exercise by way of government-backed loans, and constant mortgage availability from banks led the market to a stage of mortgage originations that was primarily flat from the report 12 months of 2019.”

Virtually half (46%) of the $359.7 billion of multifamily mortgages originated final 12 months went to mortgage giants Fannie Mae and Freddie Mac.

The highest 5 multifamily lenders in 2020 by greenback quantity had been Walker & Dunlop, Berkadia, CBRE, Wells Fargo, and Greystone.

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