U.S. Commercial Mortgage Originations Surge 27% in Q2 Compared to Q1

The Mortgage Bankers Association's latest Quarterly Survey reveals a 3 percent rise in U.S. commercial and multifamily mortgage loan originations in the second quarter of 2024 compared to the same period in the previous year, alongside a notable 27 percent increase from the first quarter of 2024.

"Commercial real estate borrowing and lending remained subdued during the second quarter," stated Jamie Woodwell, MBA's Head of Commercial Real Estate Research. "However, capital sources are generally prepared and willing to lend on properties that can support a loan. The growth in the single-asset, single-borrower markets significantly boosted originations for CMBS during the quarter."

Woodwell added, "With interest rates starting to moderate and a large number of loans reaching maturity, we can expect to see more borrower activity in the upcoming quarters."