Last year proved to be a record setting year for commercial and multifamily mortgage bankers as loan originations increased 16% to $136 billion from $117 billion recorded in 2003, announced the Mortgage Bankers Association in a news release last week.

Overall, office and retail lending showed the largest increases in 2004, as office loans soared up $7.2 billion and retail loans rose to $4.7 billion from the year prior, said MBA. Other property type boosts included a $1.8 billion increase in industrial loans, and a $1.5 billion increase in multifamily property loans.

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