Loan originations for commercial and multifamily properties climbed in the fourth quarter compared to last year, the Mortgage Bankers Association said.
Originations rose 19% in the fourth quarter, from the year-earlier period, the MBA said, and rose 35%
Loans for industrial and hotel properties posted the highest growth rates. Industrial loans had a 128% increase in the volume of loans, on a yearly basis. Hotel loan volume rose 60%.
Office property and multifamily loan volume each rose 15%, retail property loans rose 13% and health care property loans fell 57%.
Commercial bank loans rose 82%. Government-sponsored enterprise loans rose 24%. Life insurance company loans rose 19%, while loans originated for commercial mortgage-backed securities fell 2%.
