The volume of loans originated against commercial real estate (CRE) during 2022 reached a record peak of $861.96 billion, according to new data from Trepp Inc. This marked a roughly 14.5% spike from the year before, when lending volumes had increased by 16%.
Trepp reported the volume of CRE loans now totals $5.62 trillion, with $2.05 trillion of that figure consisting of loans against multifamily properties.
In terms of CRE debt origination volumes by lending source, Trepp determined that approximately $498 billion of last year’s origination activity came from banks and thrifts, a roughly 50% increase from the previous year. Banks now hold 50.6% of all commercial real estate debt outstanding.
Looking ahead, Trepp forecasted that $448.2 billion of loans will be coming due this year, with $270.4 billion held by banks and thrifts. Next year will see $478.8 billion in loans coming due, and Trepp predicted the volume of loans coming due will continue to be elevated in the coming years.
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Helpful to have a monthly. I suspect more volumn when rates were low.
Home sales dropped after increase.