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Chart of the Week: Total CRE Lending, 2020-2025

Drawing on MBA's 2025 Annual Origination Volume Summation, this chart shows CRE lending recovered to roughly $706 billion in 2025, a 40% increase over 2024, led by depositories and agency lenders.

Debt & FinancingCapital MarketsU.S. National
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MBA Annual Report Finds Total Commercial Real Estate Borrowing and Lending Increased 40 Percent in 2025

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Commercial and Multifamily Mortgage Debt Outstanding Increased to $4.99 Trillion in Fourth-Quarter 2025

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Chart of the Week: Commercial Real Estate Loan Maturity Volumes

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