March 28, 2023

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Multifamily continues to be strong nationwide and prime rate returns to pre-2008 levels

The fourth quarter of 2022 saw a decrease in commercial lending activity, largely due to rising interest rates and an effort by the Federal Reserve to slow inflation. Data shows that the volume of new loans dropped substantially compared to the same time period in 2021, with debt funds and mortgage REITs experiencing particularly pronounced declines as a percentage of total loan closings.