Commercial and multifamily mortgage originations are expected to close out 2018 at roughly the same level seen in 2017, according to the Mortgage Bankers Association (MBA).
MBA projects that commercial and multifamily mortgage origination totals will hit $532 billion, just over last year’s record volume of $530 billion. Multifamily mortgage originations are expected to increase 7% this year to $251 billion, and originations of multifamily mortgages are expected to rise 2% in 2019..
“Commercial real estate finance markets are on pace to match last year’s record volumes of borrowing and lending,” according to Jamie Woodwell, MBA’s vice president of commercial real estate research. “Property incomes and values continue to grow, albeit at slower paces than previous years, and the amount of capital looking to be placed in real estate and debt remains robust. We anticipate that much of the momentum seen this year will carry on into 2019.”
For brokers looking to ride this momentum and start closing small-balance commercial mortgages, now is a great time to get started. As long as you work with the right lenders and take the right steps to drive leads and submit deals, small-balance commercial mortgages are a fast and easy way to increase your business and your income.
Here are some of our recent blogs that will help you get started closing small-balance commercial mortgages:
- Finding The Right Commercial Mortgage for Your Borrower
- Avoid these Common Mistakes When Brokering Commercial Mortgages
- How to Get to Know Small-Balance Commercial Mortgage Lenders
- How to Spot Borrowers Who Need Alternative Commercial Mortgages
- Close Commercial Mortgages with Ease
Do you have any questions? A deal you’d like us to review? Give us a call at (800) 262-APEX or submit your deal to learn more about how we can help.