The retail sector can’t seem to buy a break these days. With 8,600 brick-and-mortar stores may close their doors in 2017, lending was expected to decline.
According to the Mortgage Bankers Association, commercial/multifamily originations rose 9% from Q1 2016.
That is the good news.
Liquidity moves markets!Click here to learn how you can follow the money.
The bad news? 1) Retail originations fell 23% from Q1 2016. 2) CMBS/Conduit originations were down 17%. 3) Hotel originations were down 40%.
The good news? 1) Healthcare originations were up 22%. 2) Industrial originations were up 40%. 3) Multifamily originations were up 14%.
Notice that Fannie Mae/Freddie Mac multifamily origination programs were up 33% from Q1 2016. At the same time, Life Insurance Companies saw 0% growth in commercial/multifamily originations.
Thanks to The Federal Reserve, short-term interest rates remain suppresed and have for the last ten years.
Office originations grew at a listless 2% from Q1 2016. On-line retailers like Amazon have helped shrinked the retail footprint. But will shared office space and the internet finally drive a spike through office space when employees can work remotely?
Wall Street Examiner Disclosure:Lee Adler, The Wall Street Examiner reposts third party content with the permission of the publisher. I am a contractor for Money Map Press, publisher of Money Morning, Sure Money, and other information products. I curate posts here on the basis of whether they represent an interesting and logical point of view, that may or may not agree with my own views. Some of the content includes the original publisher's promotional messages. In some cases I receive promotional consideration on a contingent basis, when paid subscriptions result. The opinions expressed in these reposts are not those of the Wall Street Examiner or Lee Adler, unless authored by me, under my byline. No endorsement of third party content is either expressed or implied by posting the content. Do your own due diligence when considering the offerings of information providers.