More than 2,200 different multifamily lenders provided $480.1 billion in new mortgages for apartment buildings with five or more units in 2022, a reduction of around 1% when compared to 2021 levels. This is according to an annual report of the multifamily lending market compiled and released by the Mortgage Bankers Association (MBA).

One-third of active multifamily lenders made five or fewer loans over the course of 2022, according to MBA. The association characterized the market as generally healthy, despite challenges that faced lending industries broadly last year.

“Multifamily borrowing remained strong in 2022, largely as a result details ⇒

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