U.S. Third-Quarter Commercial Mortgage Lending

The U.S. commercial mortgage origination index rose in the third quarter compared to a year earlier, according to a survey released by the Mortgage Bankers Association.

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                    3Q      2Q      1Q      4Q      3Q      2Q
                   2011    2011    2011    2010    2010    2010
====================================================================
                   ----------Origination Volume Index-----------
Total                138     126      83     114      70      61
By Property Type:
 Multifamily         140     143      98     138     101      67
 Office               91      84      64      79      45      55
 Retail              222     162      94     184      84      75
 Industrial          142     165     156     150     145     123
 Hotel               231     222     118     198      46      99
 Health care          91     130      50     301      99      54

====================================================================
                    3Q      2Q      1Q      4Q      3Q      2Q
                   2011    2011    2011    2010    2010    2010
====================================================================
By Investor Type:
 Conduits             42      80      26      62      16      11
 Commercial Banks    169     109      77      64      32      44
 Life Insurance Co   282     274     200     250     176     147
 Fannie Mae          176     134     112     202     120      85
                   --------------Average Loan Size--------------
Total               $14.9   $14.0   $11.9   $13.0   $10.5   $11.1
By Property Type:
 Multifamily        $13.2   $14.3   $11.9   $13.0   $12.6   $11.1
 Office             $19.1   $18.5   $17.7   $16.5   $14.6   $19.3
 Retail             $20.9   $13.6   $15.0   $18.9   $11.0   $10.8
 Industrial         $12.4   $17.0   $14.1   $12.6   $14.6   $13.8
 Hotel              $39.0   $43.0   $30.8   $50.6   $22.0   $47.5
 Health care         $7.2    $9.5    $7.1   $20.7    $9.3    $5.1
By Investor Type:
 Conduits           $30.5   $41.3   $33.7   $69.6   $30.5   $37.4
 Commercial Banks   $11.8    $8.7    $9.0    $7.6    $4.9    $7.0
 Life Insurance Co  $20.5   $19.9   $17.8   $17.0   $15.5   $16.1
 Fannie Mae         $13.8   $12.2   $10.8   $13.5   $12.6   $11.3
====================================================================
NOTE: Volume Index is 2001 Avg. Qtr. = 100.
Average loan size in US$ millions.

To contact the reporter on this story: Kristy Scheuble in Washington at kmckeaney@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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