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[13 Aug 2011 | No Comment | 2,517 views]
Commercial lending up substantially in second quarter

The national Mortgage Bankers Association reported that commercial and multifamily mortgage loan originations were up 107 percent in the second quarter compared to the same three months last year.
One thing striking about the report – from a residential standpoint – is that there was a 114 percent increase in mortgages for multifamily properties. In other words, there is clearly a demand out there for rental properties and the market is rushing to meet it.
While real estate markets are still in need of buyers, it appears the demand for rental properties …