Commercial and Multifamily Lending Drops, but Rebound Expected in 2023: MBA  

Originally published on October 5, 2022, by Mortgage Bankers Association.

The Mortgage Bankers Association, in an updated baseline forecast, said total commercial and multifamily mortgage borrowing and lending is expected to fall to $766 billion this year, down 14 percent from 2021 totals ($891 billion).

Multifamily lending alone (which is included in the total figures) is expected to drop to $455 billion in 2022 – a 7 percent decline from last year’s record $487 billion. MBA anticipates borrowing and lending to rebound in 2023 to $848 billion in total commercial real estate lending and $451 billion in multifamily lending.

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