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