The nation’s mortgage banking firms generated less in commercial real estate loan volume last year, although it was still a relatively strong year.

CRE lenders generated $490.6 billion in commercial mortgage production during all of 2016. The total included both CRE and multifamily loans.

Activity slowed compared to the prior year, when $503.8 billion in CRE loans were originated — though 2015 was the second-biggest year on record.

Source: Mortgage Daily