
1Q Multifamily Originations Increase Year Over Year
May 21, 2010
According to the Mortgage Banker’s Association, Multifamily originations in the first quarter rose 12 percent from a year earlier. Although Originations fell 26 percent from Q4 2009, many experts believe this is a firm indication of the direction of the commercial marketplace. Which is up. As banks become more comfortable with loaning funds, a commercial feeding frenzy will ensue. There will be a rush towards both conventional and alternative sources of capital, like Remington. Although the volume of loans remains low, as a commercial financing professional, I am confident that the commercial marketplace is headed in the right direction.
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