Commercial and multifamily lending jumped 25% in the second quarter from a year earlier and 39% from the first quarter driven by strong loan demand for retail and hotel properties, according to figures released Tuesday by the Mortgage Bankers Association.

The dollar volume of loans in the second quarter rose 56% for loans backing retail properties, 22% for hotel properties, 19% for multifamily apartment buildings and 15% for office buildings. Those gains offset a 5% decline in industrial property loans, the MBA said.

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