Multifamily Lending Dips, Shareholders Triumph, and Mortgage Rates Climb
In 2022, multifamily lenders provided $480.1 billion in new mortgages for apartment buildings with five or more units, marking a 1% decrease from 2021, according to the Mortgage Bankers Association (MBA) annual report. Despite the challenges faced by the lending industries last year, the multifamily lending market remained robust.