Through the third quarter, year-to-date commercial mortgage originations were 15% higher than they were for the same period in 2011, the Mortgage Bankers Association’s Commercial Real Estate/Multifamily Finance Quarterly Data Book showed.
As previously reported,
But for the first nine months of the year, originations for health care properties saw a 33% increase; multifamily properties, up 30%; retail, up 24%; and hotel, up 8%
On the other side of the coin, there was a 7% decrease for both office properties and industrial properties.
By lender/investor type, life companies cut their volume on a year-over-year basis for the first three quarters by 6%. But commercial banks increased volume 44%, the government-sponsored enterprises had a 39% increase and the conduits had a 7% increase.
