Demand increases for commercial real estate loans

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The Mortgage Bankers Association today released its quarterly commercial and multifamily mortgage loan originations survey for the first quarter of 2004, showing continued growth in commercial and multifamily mortgage originations in 2004. Commercial mortgage bankers originated $20.9 billion, up by 2.8 percent ($562 million) from the same quarter in 2003. The survey shows commercial and multifamily originations varied by property type and investor group, with an increase in lending activity not seen across all property and investor types. Originations for office and retail properties increased by $2.2 billion compared with the first quarter of 2003. Office property originations increased by 29 percent, and retail property originations increased by 31 percent compared with the same period last year. In contrast, multifamily loan originations decreased 13 percent compared with last year. Origination levels among investor groups, such as commercial banks, life companies, commercial mort...