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Commercial real estate Source: Shutterstock

Credit unions kept pace with other lenders last year when gains were strong for commercial real estate loans, but the Mortgage Bankers Association on Monday said this year’s market will be flat overall.

The revised MBA forecast expects total commercial real estate originations this year will be $895 billion, less than 1% above its $891 billion estimate for 2020. In 2023, it said it expects production will rise 6% to $950 billion. In February, the MBA forecast that total commercial and multifamily mortgage borrowing and lending would rise more than 12% to top $1 trillion for the first time in 2022.

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Jim DuPlessis

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