Commercial mortgage originations climb 16% in the second quarter

Commercial and multifamily mortgage originations rose 16% year-over-year and 12% quarter-over-quarter in Q2 2026, led by retail (61% increase) and office (47% increase). Office financing showed a notable rebound after years of pressure. CMBS originations surged 68% year-over-year and 55% quarter-over-quarter, with banks also gaining market share. Government-sponsored enterprises and life insurance companies saw declines. Total lending is projected to reach $805.5 billion in 2026.