Bloomberg reports: Third quarter commercial loan originations have scaled to their highest level since the last quarter of 2007. The CMBS market that provided the cheap financing at that time has since been replaced by banks, insurance firms and mortgage-financiers Fannie Mae and Freddie Mac.
New loans for commercial and multifamily mortgages climbed 98 percent from a year earlier and 10 percent from the second quarter, according to an index compiled by the Washington-based association. The group’s gauge reached 138, the highest since the last three months of 2007, when it was 275.