MBA: Multifamily Origination Saw 60% Yearly Increase in 2011

Multifamily mortgage origination saw a major year-over-year increase in dollar volume in 2011, the ""Mortgage Bankers Association"":http://www.mbaa.org/default.htm (MBA) reported.

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According to the association, 2,653 different multifamily lenders provided a total of $110.1 billion in new mortgages for apartment buildings with five or more units. The dollar volume represents a 60 percent increase from 2010's total.

""The $110 billion of borrowing and lending backed by multifamily apartment buildings in 2011 was more than double the amount of just two years earlier,"" said Jamie Woodwell, MBA's VP of commercial real estate research. ""The growth is testament to the improvements in both the underlying multifamily property markets and the broader capital markets.""

Seventy-two percent of the active lenders made five or fewer multifamily loans over the year.

Measured by total dollar volume, the top five multifamily lenders in 2011 were ""Wells Fargo"":https://www.wellsfargo.com/, ""JPMorgan Chase"":http://www.jpmorganchase.com/corporate/Home/home.htm, ""CBRE Capital Markets, Inc."":http://capitalmarkets.cbre.com/, ""PNC Real Estate"":https://www.pnc.com/webapp/sec/RealEstateFinanceHP.do?siteArea=/PNC/Home/Corporate+and+Institutional/PNC+Real+Estate/Commercial+Real+Estate+Home, and ""Berkadia"":http://www.berkadia.com/default.aspx.