“Commercial and multifamily real estate borrowing and lending continues to track with last year’s level,” MBA’s Vice President for Commercial Real Estate Research Jamie Woodwell said in a statement.

According to MBA, the rise in originations for hotel and multifamily properties was primarily responsible for the bump in lending volumes.

Hotel originations had a 22% increase in YoY dollar volume of loans in Q2, while multifamily posted a 17% increase YoY in dollar volume of loans in Q2.

Quarter-over-quarter, multifamily originations jumped 25% from Q1 to Q2, while hotels received an 87% boost in originations in the same period.

According to MBA’s data, dollar volume of loans originated increased for government sponsored entities by 18% YoY; life insurance companies increased by 6% YoY; commercial bank portfolio loans decreased by 1%; and commercial mortgage backed securities loans decreased by 8%.