2018 Loan Originations By Asset Category

More loans closed for multifamily properties in 2018 than for any other property type—$266.4 billion, or 46 percent of total volume, according to the Mortgage Bankers Association.

$ in billions

Source: Mortgage Bankers Association

Multifamily was followed by Office properties at $103.0 billion (18 percent), Retail properties at $46.6 billion (8 percent), Industrial properties at $43.9 billion (8 percent), Hotel/Motel at $42.9 billion (8 percent), and Health Care at $12.8 billion (2 percent). There were $58.3 billion (10 percent of total) of loans backed by other property types.

The average loan size was greatest for Hotel/Motel properties: $58.0 million per loan. The average loan size for Office buildings was $37.9 million, $22.3 million for Health Care, $18.5 million for Industrial properties, $16.5 million for Retail, and $14.1 million for Multifamily properties. Other property types averaged $27.7 million per loan.

Jamie Woodwell is the Mortgage Bankers Association’s vice president of commercial real estate research.