Hotels figure in sharp commercial mortgage rise

Mortgage loan originations for commercial and multifamily properties were up 72% in the first quarter on a year-over-year basis, according to the Mortgage Bankers Association. “The continued growth in lending activity is the result of the ongoing strong demand for certain property types like industrial and multifamily, as well as renewed interest in other property types that saw more dramatic declines during the early stages of the pandemic, such as hotel and retail,” says MBA’s Jamie Woodwell.