Despite a quarter-over-quarter drop in commercial real estate originations, a year-over-year gain was led by the government-sponsored enterprises and industrial property lending.
An estimated $111 billion in commercial mortgages were closed during the first-three months of this year. The total includes multifamily production.
CRE loan originations tumbled from the final-three months of last year, when commercial mortgage production was estimated at approximately $153 billion.
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From:: Financing