Apartment Fundings Down for Dutch Bank's U.S. Subsidiary

ABN AMRO September commercial production $159 million
By MortgageDaily.com staff
10/21/2003

September brought a decrease in commercial mortgage fundings for ABN AMRO Mortgage Group Inc.

The Dutch-banking subsidiary reported its division, ABN AMRO/InterFirst Apartment Lending, closed $159 million in commercial loans in September. This represents a decline from the prior month's $166 million, but a sharp 66% increase from $96 million in September of 2002.

The division's year-to-date volume edged up 3% from last September to $1.4 billion, according to reports.

The decreased commercial fundings come as ABN AMRO's overall production, which totaled $8.3 billion, decreased sharply from August's $12.3 billion.

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