Commercial and multifamily mortgage originations in the US saw another strong quarter in Q2 2026, with volumes climbing approximately 16% year-over-year and up 12% from Q1. This marks a continued recovery in lending activity across various property types. Retail properties stood out, with originations jumping about 61% compared to last year. Office properties also made a notable comeback, increasing 47% year-over-year and 23% from the previous quarter—a clear sign that lenders are regaining confidence in this sector after several challenging years. Hotels, multifamily, and industrial sectors posted gains as well, while health care originations dipped by 19% in Q2.
It's interesting to see CMBS and bank lenders capturing more of the market, which has created competitive pricing and additional opportunities for borrowers as loan extensions decline and liquidity improves. A mid-Q1 2026 forecast anticipated that total 2026 originations would reach $805.5 billion, about 27% higher than 2025’s estimated $633.7 billion. For those considering new investments or portfolio adjustments, these trends point to a market with renewed momentum and increased options for financing. As someone dedicated to helping clients navigate financing with clarity and confidence, I’m always watching these shifts to better support your real estate and investment goals.
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