Posted 2/3/2010 - 10:30:57 AM
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What are these?
WASHINGTON—According to the Mortgage Bankers Association’s fourth quarter 2009 survey of commercial mortgage loan originations, a 105% jump in hotel loans on a year-over-year basis helped send overall commercial loan originations 12% higher over the same time period.
The hotel sector’s increase was the largest of any commercial real estate sector, with the retail segment trailing right behind with a 101% increase.
In Q4 2008, the MBA recorded 36 hotel loan originations, the lowest the hotel sector had seen since the early part of the decade. In Q4 2009, there were 74 hotel loan originations.
The average loan size for hotel loans in Q4 2009 was $48.7 million. A year earlier it was $22.5 million.
