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**Multifamily Lending Volume Rises 17% Year-Over-Year**
Multifamily lenders originated a total of $288.7 billion in new mortgages for multifamily properties with five or more units in 2024, marking a 17% increase over 2023 levels, according to the Mortgage Bankers Association’s (MBA) annual report on the multifamily lending market. The loans were issued by 2,463 different lenders, though more than half—53%—made five or fewer multifamily loans during the year.
“Following 2023’s low-volume year, multifamily lending picked up in 2024, with activity increasing across lenders of all sizes and capital sources,” said Reggie Booker, MBA’s associate vice president of commercial real estate research. “While the multifamily market is served by some of the largest institutions in the country, it remains broad and diverse, with more than half of lenders active in the space making only a handful of loans in a year.”
The top five multifamily lenders by dollar volume in 2024 were JPMorgan Chase & Co., Walker & Dunlop, Berkadia, Wells Fargo, and CBRE.
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