Commercial, multifamily loan originations break record

Second-quarter activity up 25% from a year ago

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Commercial and multifamily mortgage bankers' loan originations set a new record during the second quarter of 2005, according to the Mortgage Bankers Association. The $44.4 billion in loan originations reported for the second quarter was 25 percent higher than the second quarter of 2004 and 41 percent higher than the first quarter of 2005. Second-quarter originations were also 4 percent higher than the fourth quarter of 2004, which had previously been the largest single quarter for originations volume. MBA also reported that year-to-date loan originations were 31 percent higher than they were last year at this time. "Capital continues to flow into the commercial and multifamily real estate markets on both the debt and equity sides," noted Douglas G. Duncan, MBA chief economist and senior vice president, research and business development. "And so far, no significant obstacles to that flow have appeared, whether in the form of higher interest rates, declining loan performance or decli...