MBA: 1Q commercial/multifamily mortgage originations up 36 percent from 1Q 2011; Mize: ‘Bring it!’
“Borrowing and lending on commercial and multifamily properties continues to rebound from the lows seen during the Great Recession,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research. “The low interest rates and stabilization in commercial real estate fundamentals that raised origination levels by 55 percent in 2011 are continuing to buoy activity in 2012.”
Read all about it (pdf), from the Mortgage Bankers Association.
And may I add: Yee haw!
–rm
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Good news indeed.