Commercial/multi-family business going strong
It’s hard to find anything positive to say about the residential real estate market. That’s not the case, though, with the commercial and multi-family side of the real estate industry.
According to a recent story by the Mortgage Bankers Association of America, which you can read here, the commercial/multi-family end of the mortgage-financing business grew 19 percent in 2007. Mortgage bankers closed $507.7 billion worth of commercial/multi-family loans during this time.
This side of the lending business saw this big gain even with the credit crunch hitting the real estate business in the middle of 2007.
Tags: commercial lending, Mortgage-Bankers-Association, multi-family lendingRelated Stories
POSTED IN: Breaking News, Commercial Real Estate, Educational Tools, Mortgage, Real Estate Terms, Rent, Road to Profits
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