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Apartment lending grew 13 percent in 2014

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Nearly 3,000 lenders provided $195 billion in new mortgages for apartment buildings in 2014, the Mortgage Bankers Association said. The dollar volume is a 13 percent increase from 2013, World Property Journal reported. Sixty-five percent of the active lenders made five or fewer multifamily loans over the course of the year. The top five multifamily lenders last year by dollar volume were JPMorgan Chase & Co., Wells Fargo & Co., CBRE Capital Markets Inc., Walker & Dunlop Inc. and PNC Real Estate. Read more