Commercial mortgage origination exceeded expectations in 2013, with $358 billion in loans on commercial and multifamily properties closed, according to the annual origination summation report from the Mortgage Bankers Association.
The report, unveiled earlier this week, showed banks invested $100.5 billion last year–28 percent of the annual volume–while CMBS, CDO and ABS issuers invested $79.8 million, which accounted for 22 percent of the overall volume amount. Life insurance companies and pension funds did $60.2 billion in deals—17 percent of the year’s total.
Mix and mingle alongside 500 industry insiders, tonight at the 22nd Annual RELA Networking Celebration. Hosted at Cipriani la Specialita, just across the street from Grand Central Station, the event promises to kick off the new year in style, offering opportunities for established leaders and up-and-comers alike to share in the excitement of what 2013 has in store.
The Real Estate Lenders Association, Inc. is a not-for-profit corporation formed in 1991 to provide a forum for real estate lenders and equity investors to advance their knowledge and expertise in their industry. Membership is exclusive to institutions involved in commercial real estate debt and equity. Members receive unparalleled access to networking, education and career growth opportunities. To join, click here.
The Mortgage Observer Weekly launched this morning! Our new, weekly emailed newsletter will deliver the latest commercial real estate finance news directly to your inbox each Friday morning.