Commercial Lending Enters a More Constructive Phase | Carol Strom real estate broker. Founder of USAfitpros.com 50 state Telehealth and Labs bolt-on virtual LegitScript business

US commercial and multifamily mortgage originations ↑16% yearly in Q2 2026 and ↑12% from Q1 2026, extending the market’s recent upward trajectory.
Improving capital markets and stronger transaction activity supported higher lending volumes, while office financing also strengthened on both yearly and quarterly bases after notable headwinds.
By property type, loan volumes ↑61% for retail, ↑47% for office, ↑19% for hotels, ↑8% for multifamily, and ↑6% for industrial properties.
Activity stayed uneven: health care originations ↓19% yearly, even as stronger results from several major property types lifted overall commercial Real Estate finance markets.
Among capital sources, overall securitized lending volumes ↑68% yearly and depositories ↑61%, while government-backed lenders ↓17% and life insurers ↓27% during Q2.