Commercial and multifamily mortgage loan originations rose 1 percent in the second quarter of 2010 compared with the second quarter of 2009 and 35 percent on a quarter-to-quarter basis, according to a survey by the Mortgage Bankers Association (MBA).
The one percent overall increase in commercial/multifamily lending activity during the second quarter was driven by increases in originations for office and industrial properties, according to the MBA survey. When compared with the second quarter of 2009, the increase included a 183-percent increase in loans for industrial properties; 180-percent increase in loans for office properties; 18-percent increase in loans for hotel properties; 76-percent decrease in loans for health-care properties; 25-percent decrease in multifamily property loans; and a 9-percent decrease in retail property loans.