News By Tag
News By Place
Follow on Google News
Commercial Lending Markets Set Up for Growth in 2021, Winston Rowe and Associates
Commercial and multifamily lending markets are poised for strong growth in 2021. According to a new report from the Mortgage Bankers Association.
By: Winston Rowe and Associates
The sector alone is set to increase 7% this year, up $323 billion in 2021. By comparison, multifamily lending activity totaled $302 billion in 2020.
Maturities will also increase this year. This year, 10% or $223 billion of the total $2.3 trillion of commercial mortgage debt is scheduled to mature this year. This is a 36% increase in loan maturities compared to 2020, when maturities totaled $163.2 billion.
This is a bright outlook considering the low bar the market set last year. In December, CMBS delinquencies were still on the rise, according to an end-of-the-year report from MBA, with 5.7% of commercial mortgages delinquent in November, increasing from 5.4% in October.
This article was prepared by Winston Rowe and Associates, they are a national consulting and advisory firm specializing in working with commercial real estate investors seeking capital in the non-bank secondary markets.
If you would like to learn more about Winston Rowe and Associates you can review them online at https://www.winstonrowe.com
Winston Rowe and Associates